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Last $25.48 USD
Change Today -0.28 / -1.09%
Volume 298.8K
ASPS On Other Exchanges
Symbol
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NASDAQ GS
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

altisource portfolio sol (ASPS) Key Developments

Altisource Portfolio Solutions S.A. Appoints Riccardo S. Brizzi as Chief Client Officer and Kirk G. Willison as Senior Vice President of Government and Industry Relations

Altisource Portfolio Solutions S.A. announced the hiring of Riccardo S. Brizzi as Chief Client Officer and Kirk G. Willison as Senior Vice President of Government and Industry Relations. Mr. Brizzi will focus on managing Altisource's institutional client relationships and will oversee Altisource's customer strategy in order to maximize customer satisfaction, retention and profitability through the use of Altisource's industry leading products and services. Mr. Willison will be responsible for managing Altisource's federal and state regulatory relations and leading the Company's outreach to industry and consumer advocacy groups. Mr. Willison is based in Altisource's Washington, D.C. office. Prior to Altisource, Mr. Brizzi was the Chief Operating Officer at Software Quality Systems AG (SQS). Most recently, Mr. Willison was a Congressional Relations Consultant for Ginnie Mae, where he directed congressional and industry relations strategies.

Altisource Portfolio Solutions S.A. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Cash Flow Guidance for 2015 and Earnings Guidance for 2016

Altisource Portfolio Solutions S.A. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total service revenue was $236.595 million against $263.165 million a year ago. Total revenue was $268.321 million against $296.072 million a year ago. Income from operations was $56.187 million against $63.052 million a year ago. Income before income taxes and non-controlling interests was $51.244 million against $58.225 million a year ago. Net income attributable to the company was $45.950 million or $2.22 per diluted share against $54.101 million or $2.24 per diluted share a year ago. Adjusted net income attributable to the company was $54.165 million or $2.62 per diluted share against $63.602 million or $2.63 per diluted share a year ago. During the quarter, the company achieved pro forma adjusted net income of $45.7 million and largely completed the execution of cost-reduction initiatives, driving the return to historically higher gross profit and operating income margins. From a cash perspective, the company generated $70.7 million of cash from operations in the second quarter, representing 30% of service revenue. Operating cash flow improved from the -- over the first quarter from substantially higher net income and collections of accounts receivable. For the six months, total service revenue was $444.411 million against $473.124 million a year ago. Total revenue was $508.803 million against $535.341 million a year ago. Income from operations was $71.437 million against $110.982 million a year ago. Income before income taxes and non-controlling interests was $56.052 million against $101.426 million a year ago. Net income attributable to the company was $49.648 million or $2.38 per diluted share against $93.732 million or $3.84 per diluted share a year ago. Net cash provided by operating activities was $54.807 million against $111.527 million a year ago. Additions to premises and equipment was $21.421 million against $30.522 million a year ago. Adjusted net income attributable to the company was $65.995 million or $3.17 per diluted share against $112.041 million or $4.59 per diluted share a year ago. As a capital light services business, the company expects to generate significant cash from operations in 2015. While still preliminary, the company also believes that its 2016 adjusted pretax income will be the same as or stronger than the midpoint of 2015 scenarios.

Altisource Portfolio Solutions S.A. to Report Q2, 2015 Results on Jul 23, 2015

Altisource Portfolio Solutions S.A. announced that they will report Q2, 2015 results at 11:00 AM, Eastern Daylight on Jul 23, 2015

Altisource Portfolio Solutions S.A., Q2 2015 Earnings Call, Jul 23, 2015

Altisource Portfolio Solutions S.A., Q2 2015 Earnings Call, Jul 23, 2015

Altisource Portfolio Solutions S.A. Presents at Morgan Stanley Financials Conference 2015, Jun-10-2015 10:20 AM

Altisource Portfolio Solutions S.A. Presents at Morgan Stanley Financials Conference 2015, Jun-10-2015 10:20 AM. Venue: The Waldorf-Astoria Hotel, 301 Park Avenue at 50th Street, New York City, New York, United States. Speakers: Michelle D. Esterman, Chief Financial Officer and Principal Accounting Officer.

 

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Valuation ASPS Industry Range
Price/Earnings 6.2x
Price/Sales 0.5x
Price/Book 10.0x
Price/Cash Flow 3.5x
TEV/Sales NM Not Meaningful
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