Key Developments: Lender Processing Services Inc (LPS)
22.25USD
1 Jun 2012
$-0.83 (-3.60%)
$23.08
$22.35
$22.79
$22.23
912,661
1,015,495
$27.15
$12.91
Latest Key Developments
Lender Processing Services Inc Issues Q2 2012 Guidance In Line With Analysts' Estimates
Lender Processing Services Inc announced that for second quarter of 2012, it expects revenue to be in the range of $500 million to $520 million and adjusted net earnings per diluted share (EPS) to be in the range of $0.58 to $0.62. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $501 million and EPS of $059 for second quarter of 2012. Full Article
Lender Processing Services Inc Announces Quarterly Dividend
Lender Processing Services Inc announced a regular quarterly dividend of $0.10 per common share. The dividend is payable on June 21, 2012, to shareholders of record as of the close of business on June 7, 2012. Full Article
Law Offices of Howard G. Smith Announces Investigation Of Lender Processing Services Inc
Law Offices of Howard G. Smith announced that it is investigating potential claims against Lender Processing Services, Inc. and its Board of Directors concerning possible breaches of fiduciary duties by the Company or its fiduciaries. The investigation concerns whether the Company or its fiduciaries breached their fiduciary duties by improperly processing mortgages and mortgage foreclosures. A civil lawsuit filed in December 2011 by the Office of the Attorney General of the State of Nevada alleges that the Company and certain of its subsidiaries engaged in a pattern and practice of falsifying, forging and/or fraudulently executing foreclosure related documents, resulting in numerous foreclosures that were predicated upon deficient documentation; fraudulently notarized documents without ensuring that the notary did so in the presence of the person signing the document; implemented a widespread scheme to forge signatures on key documents, to ensure that volume and speed quotas were met; concealed the scope and severity of the fraud by misrepresenting that the problems were limited to clerical errors; improperly directed and/or controlled the work of foreclosure attorneys by imposing inappropriate and arbitrary deadlines that forced attorneys to churn through foreclosures at a rate that sacrificed accuracy for speed; improperly obstructed communication between foreclosure attorneys and their clients. Full Article
Lender Processing Services Inc Issues Q1 2012 Guidance Below Analysts' Estimates
Lender Processing Services Inc announced that for the first quarter of 2012, it expects revenue to be in the range of $470 million to $490 million and adjusted earnings per diluted share to be in the range of $0.50 to $0.55. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $522 million and EPS of $0.60 for the first quarter of 2012. Full Article
Levi & Korsinsky LLP Launches Investigation Into Possible Breaches Of Fiduciary Duties By Board Of Directors Of Lender Processing Services Inc
Levi & Korsinsky LLP announced an investigation of possible breaches of fiduciary duties by the Board of Directors and certain officers of Lender Processing Services, Inc.. The investigation concerns whether the Board of Directors and certain other Officials breached their fiduciary duties by engaging in the improper processing of mortgages and mortgage foreclosures as well as the improper sharing of attorney fees. Furthermore, the investigation concerns whether LPS issued materially false and misleading statements concerning various governmental and regulatory investigations, including statements meant to downplay the robo-signing scandal and LPS’s central role therein. Full Article
Lender Processing Services Inc Announces Quarterly Dividend
Lender Processing Services, Inc. announced a regular quarterly dividend of $0.10 per common share. The dividend is payable on March 15, 2012, to shareholders of record as of the close of business on March 1, 2012. Full Article
Lender Processing Services Inc Issues Q4 2011 Guidance; EPS Guidance Above Analysts' Estimates-Conference Call
Lender Processing Services Inc announced that for the fourth quarter of 2011, it expects consolidated revenues to be in the range of $510-$520 million and adjusted EPS to be in the range of $0.57-$0.59. The EPS guidance includes the increase in interest expense from refinance credit facility. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $513 million and EPS of $0.54 for the fourth quarter of 2011. Full Article
Lender Processing Services Inc Announces Quarterly Dividend
Lender Processing Services, Inc. announced a regular quarterly dividend of $0.10 per common share. The dividend is payable on December 15, 2011, to shareholders of record as of the close of business on December 1, 2011. Full Article
Lender Processing Services Inc Selects Hugh R. Harris As Company CEO And President
Lender Processing Services Inc announced the appointment of Hugh R. Harris to serve as the Company's President and Chief Executive Officer effective October 5, 2011. Harris will also serve as a member of the Company's Board of Directors. Full Article
Lender Processing Services Inc Issues Q3 2011 EPS Guidance Below Analysts' Estimates
Lender Processing Services Inc announced that for the third quarter of 2011, it expects adjusted earnings to be in the range of $0.53-$0.55 per diluted share (EPS). According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.60 for the third quarter of 2011. Full Article
CORRECTED-U.S. foreclosure starts jump 28 pct in January-LPS
WASHINGTON, March 6 - Starts on U.S. home foreclosures shot up 28 percent in January, data provider Lender Processing Services said on Tuesday in a report that suggested paper backlogs that had clogged the system were rapidly clearing.
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