Atlanticus Holdings Co. to Post FY2023 Earnings of $4.25 Per Share, B. Riley Forecasts (NASDAQ:ATLC)

Atlanticus Holdings Co. (NASDAQ:ATLC) – Equities researchers at B. Riley dropped their FY2023 earnings estimates for Atlanticus in a note issued to investors on Monday, November 20th. B. Riley analyst M. Howlett now anticipates that the credit services provider will post earnings of $4.25 per share for the year, down from their previous forecast of $4.66. The consensus estimate for Atlanticus’ current full-year earnings is $4.28 per share. B. Riley also issued estimates for Atlanticus’ Q3 2024 earnings at $1.37 EPS, Q4 2024 earnings at $1.38 EPS, FY2024 earnings at $5.48 EPS, Q2 2025 earnings at $1.64 EPS and Q3 2025 earnings at $1.76 EPS.

Several other analysts also recently weighed in on the company. Janney Montgomery Scott began coverage on Atlanticus in a research report on Wednesday, September 13th. They issued a “neutral” rating and a $40.00 price objective for the company. StockNews.com upgraded Atlanticus from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Finally, JMP Securities decreased their target price on Atlanticus from $42.00 to $37.00 and set a “market outperform” rating for the company in a research report on Monday, November 13th.

Atlanticus Price Performance

Shares of NASDAQ:ATLC opened at $31.19 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 1.39. The company’s fifty day moving average price is $29.99 and its 200-day moving average price is $34.42. Atlanticus has a one year low of $21.65 and a one year high of $43.70. The firm has a market capitalization of $455.00 million, a price-to-earnings ratio of 7.59 and a beta of 1.84.

Institutional Trading of Atlanticus

A number of hedge funds and other institutional investors have recently modified their holdings of ATLC. Lazard Asset Management LLC bought a new position in Atlanticus in the 3rd quarter worth $109,000. O Shaughnessy Asset Management LLC purchased a new position in Atlanticus during the third quarter valued at $282,000. Northern Trust Corp increased its holdings in shares of Atlanticus by 2.2% in the third quarter. Northern Trust Corp now owns 43,725 shares of the credit services provider’s stock worth $1,325,000 after purchasing an additional 943 shares during the last quarter. Invesco Ltd. increased its stake in Atlanticus by 19.5% in the 3rd quarter. Invesco Ltd. now owns 12,404 shares of the credit services provider’s stock worth $376,000 after acquiring an additional 2,026 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Atlanticus in the third quarter worth $30,000. 13.81% of the stock is owned by hedge funds and other institutional investors.

Atlanticus Company Profile

Atlanticus Holdings Corporation provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers and service providers.