Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

Altisource Residential Corporation (NASDAQ:RESI) To Release Earnings

Analysts await Altisource Residential Corporation (NASDAQ:RESI) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $0.26 EPS, up 15.38% or $0.04 from last year’s $0.22 per share.

At the moment 7 analysts are watching Altisource Residential Corporation (NASDAQ:RESI), 2 rate it “Buy”, 0 “Outperform”, 5 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 3 analysts have a mean sales target of 57.31 million. For the quarter ending Sep-16, 3 analysts have a mean sales target of 55.93 million whilst for the year ending Dec-16, 3 analysts have a mean target of 226.54 million.

In terms of earnings per share, 6 analysts have a -0.06 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 6 analysts have a -0.06 EPS mean target and for the quarter ending Sep-16 there are 6 estimates of -0.24 EPS.

The biggest institutional shareholders in Altisource Residential Corporation include Putnam Investment Management,LLC which owns 8 million shares in the company valued at $103.49 million. Fidelity Management and Research Company is the second biggest holder with 8 million shares currently valued at 94.39 million whilst Capital Research Global Investors has 7 million shares valued at 86.94 million.

Total shares held by institutions as of the most recent company filings are 51,463,979 with a reported 2,971,274 bought and 6,030,666 sold. These holdings make up 92.56% of the company’s outstanding shares.

Currently insiders hold 249,322 shares in the business which makes up 0.45% of shares. The biggest holder currently is Mr. George G. Ellison who owns 153,000 shares (0.28% of those outstanding), whilst Mr. Ashish Pandey holds 40,011 (0.07% of shares outstanding) and David B. Reiner holds 13,420 (0.02% of shares outstanding).

The stock decreased 0.55% or $0.06 during the last trading session, hitting $10.94. Altisource Residential Corporation (NASDAQ:RESI) has fallen 25.96% over the past 6 months and is downtrending.

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