OppFi (OPFI) to Release Earnings on Wednesday

OppFi (NYSE:OPFI) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect OppFi to post earnings of $0.05 per share for the quarter. OppFi has set its FY 2024 guidance at 0.530-0.570 EPS and its Q1 2024 guidance at 0.050-0.050 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

OppFi (NYSE:OPFI) last issued its earnings results on Thursday, March 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $132.92 million for the quarter, compared to the consensus estimate of $133.49 million. OppFi had a negative net margin of 0.20% and a positive return on equity of 23.92%. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. On average, analysts expect OppFi to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

OppFi Stock Down 2.9 %

Shares of NYSE:OPFI opened at $2.68 on Tuesday. The firm’s 50-day simple moving average is $2.83 and its 200-day simple moving average is $3.33. OppFi has a fifty-two week low of $1.91 and a fifty-two week high of $5.34.

OppFi Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 1st. Investors of record on Friday, April 19th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 18th.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a “market outperform” rating and issued a $5.00 price objective on shares of OppFi in a research note on Wednesday, April 17th.

OppFi Company Profile

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.