Altisource Residential Corp (NYSE:RESI) will release its earnings data before the market opens on Tuesday, August 8th. Analysts expect Altisource Residential Corp to post earnings of ($0.82) per share for the quarter.

Altisource Residential Corp (NYSE:RESI) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported ($0.92) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by $0.33. The company had revenue of $29.30 million for the quarter, compared to the consensus estimate of $33.38 million. Altisource Residential Corp had a negative return on equity of 23.73% and a negative net margin of 168.24%. Altisource Residential Corp’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. On average, analysts expect Altisource Residential Corp to post $-2.59 EPS for the current fiscal year and $-1.09 EPS for the next fiscal year.

Altisource Residential Corp (NYSE:RESI) opened at 12.42 on Monday. Altisource Residential Corp has a 52-week low of $9.76 and a 52-week high of $15.66. The company’s market cap is $664.66 million. The company’s 50 day moving average price is $13.03 and its 200 day moving average price is $13.67.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend was Wednesday, June 28th. Altisource Residential Corp’s payout ratio is -14.02%.

In related news, CEO George G. Ellison purchased 10,000 shares of Altisource Residential Corp stock in a transaction that occurred on Thursday, May 11th. The shares were acquired at an average price of $14.24 per share, with a total value of $142,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Altisource Residential Corp from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, May 3rd. ValuEngine raised Altisource Residential Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub downgraded Altisource Residential Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.50.

ILLEGAL ACTIVITY NOTICE: This story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/08/07/altisource-residential-corp-nyseresi-set-to-announce-earnings-on-tuesday.html.

Altisource Residential Corp Company Profile

Altisource Residential Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing single-family rental (SFR) properties throughout the United States. The Company conducts its activities through its subsidiary, Altisource Residential, L.P., and its subsidiaries.

Earnings History for Altisource Residential Corp (NYSE:RESI)

Receive News & Stock Ratings for Altisource Residential Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Residential Corp and related stocks with our FREE daily email newsletter.