Brokerages forecast that Altisource Residential Corp (NYSE:RESI) will post earnings per share (EPS) of ($0.49) for the current quarter, Zacks reports. Two analysts have made estimates for Altisource Residential’s earnings, with the lowest EPS estimate coming in at ($0.57) and the highest estimate coming in at ($0.41). The company is scheduled to announce its next earnings report on Tuesday, May 8th.
On average, analysts expect that Altisource Residential will report full year earnings of ($1.55) per share for the current financial year, with EPS estimates ranging from ($1.75) to ($1.34). For the next fiscal year, analysts forecast that the company will post earnings of ($0.95) per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Altisource Residential.
Altisource Residential (NYSE:RESI) last released its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported ($0.70) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.11). Altisource Residential had a negative return on equity of 25.77% and a negative net margin of 196.93%. The company had revenue of $27.80 million during the quarter, compared to analysts’ expectations of $32.77 million. During the same period in the prior year, the firm earned ($1.14) EPS. Altisource Residential’s quarterly revenue was up 129.8% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System boosted its stake in shares of Altisource Residential by 18.5% in the 3rd quarter. California Public Employees Retirement System now owns 241,173 shares of the real estate investment trust’s stock valued at $2,679,000 after purchasing an additional 37,573 shares in the last quarter. State Street Corp boosted its stake in shares of Altisource Residential by 2.2% in the 2nd quarter. State Street Corp now owns 1,044,350 shares of the real estate investment trust’s stock valued at $13,515,000 after purchasing an additional 22,625 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Altisource Residential in the 3rd quarter valued at $1,188,000. Forsta AP Fonden purchased a new stake in shares of Altisource Residential in the 3rd quarter valued at $454,000. Finally, Tahithromos L.L.C. boosted its stake in shares of Altisource Residential by 21.3% in the 3rd quarter. Tahithromos L.L.C. now owns 725,335 shares of the real estate investment trust’s stock valued at $8,058,000 after purchasing an additional 127,457 shares in the last quarter. 79.29% of the stock is owned by institutional investors.
Altisource Residential (NYSE:RESI) traded up $0.02 during mid-day trading on Thursday, reaching $10.17. 250,221 shares of the company’s stock were exchanged, compared to its average volume of 319,933. Altisource Residential has a fifty-two week low of $9.76 and a fifty-two week high of $15.66. The stock has a market cap of $547.88, a PE ratio of -2.93 and a beta of 1.70.
ILLEGAL ACTIVITY WARNING: “Altisource Residential Corp (RESI) Expected to Announce Earnings of -$0.49 Per Share” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://sportsperspectives.com/2018/03/13/altisource-residential-corp-resi-expected-to-announce-earnings-of-0-49-per-share.html.
Altisource Residential Company Profile
Front Yard Residential Corporation, formerly 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Altisource Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Residential and related companies with MarketBeat.com's FREE daily email newsletter.