Last $20.79 USD
Change Today +0.32 / 1.56%
Volume 263.6K
ASPS On Other Exchanges
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As of 12:07 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

altisource portfolio sol (ASPS) Snapshot

Open
$19.80
Previous Close
$20.47
Day High
$20.98
Day Low
$19.44
52 Week High
04/2/14 - $126.84
52 Week Low
01/13/15 - $16.00
Market Cap
418.6M
Average Volume 10 Days
563.2K
EPS TTM
$6.57
Shares Outstanding
20.1M
EX-Date
--
P/E TM
3.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for ALTISOURCE PORTFOLIO SOL (ASPS)

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altisource portfolio sol (ASPS) Details

Altisource Portfolio Solutions S.A. operates as a marketplace and transaction solutions provider for the real estate, mortgage, and consumer debt industries in the United States. Its Mortgage Services segment offers services that span the mortgage and real estate lifecycle for loan servicers, originators, and investors in single family homes. This segment provides asset management services, which include property preservation, property inspection, real estate owned (REO) asset management, and REO brokerage; residential property valuation; title insurance services; origination management services; and default management services, such as non-legal processing and related services for the supervision of foreclosure, bankruptcy, and eviction attorneys. The company’s Financial Services segment offers collection and customer relationship management services. This segment provides asset recovery management services, such as post-charge-off consumer debt collection; and customer care and early stage collections, insurance and claims processing, call center, and analytical support services. Its Technology Services segment offers REALSuite of software products consisting of REALServicing, an enterprise residential mortgage loan servicing product; REALTrans, an electronic business-to-business exchange that automates and simplifies the ordering, tracking, and fulfilling of mortgage services; REALRemit, an electronic invoicing and payment system; REALDoc, a management platform that extracts, stores, and generates correspondence; and Equator’s Solutions platforms that are used a la carte or together as an end-to-end solution, as well as information technology infrastructure services. The company serves sub-prime servicers, utility companies, commercial banks, servicers, mortgage bankers, financial service companies, and hedge funds, as well as a government-sponsored enterprise. Altisource Portfolio Solutions S.A. was incorporated in 1999 and is headquartered in Luxembourg.

7,747 Employees
Last Reported Date: 02/13/14
Founded in 1999

altisource portfolio sol (ASPS) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $543.4K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $311.6K
Chief Administration Officer, General Counsel...
Total Annual Compensation: $427.7K
Compensation as of Fiscal Year 2013.

altisource portfolio sol (ASPS) Key Developments

Altisource Portfolio Solutions S.A. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Altisource Portfolio Solutions S.A. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue was $255.9 million against $222.58 million a year ago. Income from operations was $7.26 million against $44.52 million a year ago. Loss before income taxes and non-controlling interests was $0.028 million against income of $38.56 million a year ago. Net loss attributable to the company was $1.53 million against profit of $35.52 million a year ago. Diluted loss per share was $0.08 against profit of $1.42 a year ago. Adjusted diluted earnings per share of $0.30, an 83% decrease. Cash from operations of $71.8 million, a 41% increase. For the year, the company reported total revenue was $1,078.92 million against $768.36 million a year ago. Income from operations was $170.45 million against $162.07 million a year ago. Income before income taxes and non-controlling interests was $147.26 million against income of $142.33 million a year ago. Net income attributable to the company was $134.48 million against profit of $129.97 million a year ago. Diluted loss per share was $5.69 against profit of $5.19 a year ago. Net cash provided by operating activities was $197.493 million against $185.474 million a year ago. Additions to premises and equipment were $64.846 million against $34.134 million a year ago. Adjusted diluted earnings per share of $7.17, a 15% increase.

Altisource Portfolio Solutions Appoints John Vella as Chief Revenue Officer

Altisource Portfolio Solutions S.A. announced that John Vella has been appointed to the newly-created Chief Revenue Officer position across Altisource's brand portfolio, reporting to Chief Executive Officer, William B. Shepro. As Chief Revenue Officer, Vella will focus on the company's growth initiatives and diversifying the reach of Altisource's product suite to the real estate and mortgage industries. Top priorities for Vella will include managing and expanding key client relationships, growing Altisource's mortgage origination servicing business through its Lenders One and Wholesale One cooperatives and Mortgage Builder software solutions; introducing innovative mortgage technology products and continuing to expand Altisource's default services business. Vella will continue in his executive role at Equator Business Solutions, the leading provider of default software solutions for services, real estate and mortgage industry professionals and vendors. Vella is a 30-year real estate industry veteran who has served in a number of C-level roles at companies throughout the real estate and mortgage industry during his career. Prior to joining Altisource, Vella was the executive vice president responsible for special servicing for GMAC/Rescap. Previously, he held roles as president and chief executive officer of EMC Mortgage Corporation (a subsidiary of JPMorgan Chase); CEO of Household Automotive; Chief Sales Officer of Option One Mortgage and director at Freddie Mac and the FDIC.

Altisource Announces Unaudited Preliminary Earnings Guidance for the Fourth Quarter Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Altisource announces unaudited preliminary earnings guidance for the fourth quarter ended December 31, 2014. For the fourth quarter 2014, the company expects service revenue of between $215 million and $225 million is lower than third quarter 2014 service revenue of $248 million, and pretax income attributable to the company is between 0 and $4 million. The decline in service revenue from the third quarter of 2014, primarily relates to the November 2014 discontinuation of the lender-placed insurance brokerage business and the seasonal slowdown in the property inspection and preservation business. Adding back amortization of intangible assets, adjusted pretax income attributable to company in the fourth quarter of 2014 is between $9 million and $13 million. Pretax income has been impacted by a few key factors. Compared to the third quarter of 2014, the decline in pretax income is from lower service revenue, $8 million of higher cost in technology services segment, in part related to initiatives that experienced accelerated spending during the fourth quarter of 2014; and $11 million of higher bad debt expense, primarily in default management business. For the first quarter of 2015, pretax income will be lower than the average for the year due to the timing of the expense savings and the realignment cost. For the year 2015, service revenue would be $870 million. The average 2015 pretax income of Scenario A and Scenario B would be $96 million, and adjusted diluted earnings per share would be $6.18. The company estimates that Net debt at the end of 2015 will be approximately $350 million.

 

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Valuation ASPS Industry Range
Price/Earnings 2.9x
Price/Sales 0.4x
Price/Book 4.7x
Price/Cash Flow 1.9x
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