Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Jefferies Group increased their Q2 2018 earnings per share (EPS) estimates for Consumer Portfolio Services in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Hecht now expects that the credit services provider will earn $0.21 per share for the quarter, up from their previous forecast of $0.17. Jefferies Group also issued estimates for Consumer Portfolio Services’ Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.15 EPS and FY2018 earnings at $0.76 EPS.
Several other research analysts have also commented on CPSS. Zacks Investment Research raised Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. TheStreet lowered Consumer Portfolio Services from a “c” rating to a “d” rating in a research report on Tuesday, October 31st.
Consumer Portfolio Services (NASDAQ:CPSS) traded up $0.06 on Friday, hitting $4.14. The stock had a trading volume of 20,849 shares, compared to its average volume of 41,431. The company has a market cap of $88.84, a price-to-earnings ratio of 5.45 and a beta of 1.92. The company has a current ratio of 17.19, a quick ratio of 17.19 and a debt-to-equity ratio of 10.89. Consumer Portfolio Services has a 52-week low of $3.66 and a 52-week high of $5.69.
Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Monday, October 23rd. The credit services provider reported $0.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.17. The business had revenue of $109.49 million during the quarter, compared to analyst estimates of $112.39 million. Consumer Portfolio Services had a return on equity of 11.09% and a net margin of 4.87%.
In other news, major shareholder Second Curve Capital Llc sold 150,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis K. Powell sold 8,100 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $4.27, for a total value of $34,587.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 235,100 shares of company stock valued at $989,660. Corporate insiders own 37.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new position in Consumer Portfolio Services during the 3rd quarter worth $114,000. Hancock Holding Co. grew its stake in Consumer Portfolio Services by 17.6% during the 2nd quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock worth $201,000 after buying an additional 6,615 shares during the last quarter. Numeric Investors LLC grew its stake in Consumer Portfolio Services by 0.5% during the 2nd quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock worth $1,110,000 after buying an additional 1,329 shares during the last quarter. Vanguard Group Inc. grew its stake in Consumer Portfolio Services by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock worth $3,461,000 after buying an additional 6,530 shares during the last quarter. Finally, Continental Advisors LLC grew its stake in Consumer Portfolio Services by 21.2% during the 3rd quarter. Continental Advisors LLC now owns 1,326,211 shares of the credit services provider’s stock worth $6,048,000 after buying an additional 232,055 shares during the last quarter. Hedge funds and other institutional investors own 48.35% of the company’s stock.
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About Consumer Portfolio Services
Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.
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