Medallion Financial Corp. (NASDAQ:MFIN) Expected to Post Earnings of $0.29 Per Share

Equities analysts predict that Medallion Financial Corp. (NASDAQ:MFIN) will report $0.29 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Medallion Financial’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.39. Medallion Financial reported earnings per share of ($0.16) during the same quarter last year, which suggests a positive year-over-year growth rate of 281.3%. The business is scheduled to announce its next earnings results on Monday, August 2nd.

On average, analysts expect that Medallion Financial will report full-year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $1.49. For the next year, analysts forecast that the firm will report earnings of $1.62 per share, with EPS estimates ranging from $1.43 to $1.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Medallion Financial.

Medallion Financial (NASDAQ:MFIN) last released its quarterly earnings results on Sunday, May 2nd. The credit services provider reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.15. The firm had revenue of $30.61 million during the quarter, compared to analysts’ expectations of $32.51 million. Medallion Financial had a negative return on equity of 4.13% and a negative net margin of 8.50%.

A number of equities analysts have weighed in on the company. B. Riley upped their price target on Medallion Financial from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, May 6th. TheStreet upgraded Medallion Financial from a “d+” rating to a “c-” rating in a report on Friday, February 19th. Finally, Zacks Investment Research upgraded Medallion Financial from a “hold” rating to a “strong-buy” rating and set a $10.00 price target for the company in a report on Wednesday, May 19th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Medallion Financial presently has an average rating of “Buy” and an average price target of $7.75.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Medallion Financial by 5.7% in the 4th quarter. BlackRock Inc. now owns 140,412 shares of the credit services provider’s stock valued at $688,000 after purchasing an additional 7,550 shares in the last quarter. Corsair Capital Management L.P. raised its position in shares of Medallion Financial by 144.3% in the 4th quarter. Corsair Capital Management L.P. now owns 26,018 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 15,370 shares in the last quarter. Ridgewood Investments LLC raised its position in shares of Medallion Financial by 65.2% in the 1st quarter. Ridgewood Investments LLC now owns 25,348 shares of the credit services provider’s stock valued at $179,000 after purchasing an additional 10,000 shares in the last quarter. Stifel Financial Corp raised its position in shares of Medallion Financial by 2.8% in the 4th quarter. Stifel Financial Corp now owns 376,689 shares of the credit services provider’s stock valued at $1,846,000 after purchasing an additional 10,300 shares in the last quarter. Finally, rhino investment partners Inc acquired a new position in shares of Medallion Financial in the 4th quarter valued at approximately $2,046,000. 22.76% of the stock is currently owned by institutional investors.

NASDAQ MFIN traded down $0.01 on Friday, reaching $9.13. The company had a trading volume of 1 shares, compared to its average volume of 56,368. The firm has a market capitalization of $228.56 million, a price-to-earnings ratio of -17.25 and a beta of 3.00. Medallion Financial has a 1 year low of $2.13 and a 1 year high of $9.50. The firm’s 50-day moving average is $8.52. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Medallion Financial Company Profile

Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxi medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance home improvements; commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and medallion loans.

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Earnings History and Estimates for Medallion Financial (NASDAQ:MFIN)

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