Consumer Portfolio Services (CPSS) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Consumer Portfolio Services (NASDAQ:CPSS) announced its quarterly earnings data on Wednesday. The credit services provider reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01, Fidelity Earnings reports. The firm had revenue of $95.63 million during the quarter, compared to analyst estimates of $98.81 million. Consumer Portfolio Services had a return on equity of 8.52% and a net margin of 0.24%.
Shares of NASDAQ:CPSS remained flat at $$3.64 during trading on Thursday. The stock had a trading volume of 50 shares, compared to its average volume of 33,612. The company has a market capitalization of $84.91 million, a price-to-earnings ratio of 4.55 and a beta of 1.73. Consumer Portfolio Services has a 52 week low of $3.18 and a 52 week high of $4.70. The company has a debt-to-equity ratio of 11.00, a current ratio of 14.18 and a quick ratio of 14.18.
Several brokerages recently weighed in on CPSS. Zacks Investment Research lowered Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Friday, July 27th. ValuEngine raised Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $5.00 price objective on shares of Consumer Portfolio Services in a report on Thursday, July 26th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Consumer Portfolio Services presently has an average rating of “Buy” and a consensus target price of $5.08.
Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.
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