Altisource Residential Corp (RESI) Releases Earnings Results, Misses Expectations By $-1.30 EPS

Altisource Residential Corp (RESI) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $-1.16 earnings per share for the quarter, missing the analyst consensus estimate by $-1.30. Analysts had a consensus of $0.14. Analysts expectations of $50.01 million. During the same quarter in the previous year, the company posted $0.23 EPS.

Altisource Residential Corp opened for trading at $9.84 and hit $10.02 on the upside on Friday, eventually ending the session at $9.82, with a gain of 0.61% or 0.06 points. The heightened volatility saw the trading volume jump to 5,82,907 shares. Company has a market cap of $537 M.

In a different news, on Nov 17, 2015, David B Reiner (director) purchased 7,500 shares at $12.90 per share price. According to the SEC, on Nov 12, 2015, George G Ellison (CEO) purchased 37,000 shares at $13.76 per share price. On Aug 17, 2015, Robin N Lowe (CFO) purchased 7,000 shares at $14.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Altisource Residential Corporation is a real estate investment trust (REIT). The Company is focused on acquiring owning and managing single-family rental properties throughout the United States. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. It conducts most of its activities through its operating partnership Altisource Residential L.P. and its subsidiaries. The Company is engaged in the management of single-family rental properties using Altisource Portfolio Solutions S.A.’s (Altisource) vendor network. Its contracted relationships with manufacturers and material suppliers who are also used by Altisource enable it to manage the ordering and delivery of flooring appliances paint fixtures and lighting for renovation and unit turn work. It has direct access to Altisource’s inspection and estimating application. It is managed by Altisource Asset Management Corporation (AAMC).

Altisource Residential Corp

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