Equities research analysts predict that Consumer Portfolio Services, Inc. (NASDAQ:CPSS) will post earnings per share of $0.09 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Consumer Portfolio Services’ earnings, with estimates ranging from $0.08 to $0.10. Consumer Portfolio Services posted earnings of $0.13 per share in the same quarter last year, which would indicate a negative year over year growth rate of 30.8%. The firm is expected to report its next quarterly earnings report on Tuesday, July 23rd.
On average, analysts expect that Consumer Portfolio Services will report full year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.45. For the next year, analysts anticipate that the business will post earnings of $0.65 per share, with EPS estimates ranging from $0.60 to $0.69. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Consumer Portfolio Services.
Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings data on Thursday, April 18th. The credit services provider reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.09). The firm had revenue of $88.23 million during the quarter, compared to the consensus estimate of $93.65 million. Consumer Portfolio Services had a net margin of 3.59% and a return on equity of 5.84%.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Friday, February 15th. ValuEngine raised shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th.
Consumer Portfolio Services stock traded down $0.08 during trading hours on Thursday, hitting $3.55. 5 shares of the company traded hands, compared to its average volume of 46,945. The stock has a market cap of $77.96 million, a price-to-earnings ratio of 6.96 and a beta of 1.55. The company has a current ratio of 14.18, a quick ratio of 14.18 and a debt-to-equity ratio of 10.91. Consumer Portfolio Services has a 1-year low of $2.99 and a 1-year high of $4.65.
In other Consumer Portfolio Services news, Director Brian Rayhill sold 24,500 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $4.20, for a total transaction of $102,900.00. Following the transaction, the director now owns 52,337 shares of the company’s stock, valued at approximately $219,815.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 46.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in Consumer Portfolio Services by 18.6% during the 4th quarter. Barclays PLC now owns 34,850 shares of the credit services provider’s stock valued at $105,000 after buying an additional 5,476 shares during the period. Vanguard Group Inc increased its stake in Consumer Portfolio Services by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 746,868 shares of the credit services provider’s stock valued at $2,764,000 after buying an additional 7,067 shares during the period. Brandywine Global Investment Management LLC acquired a new position in Consumer Portfolio Services during the 4th quarter valued at about $26,000. Acadian Asset Management LLC increased its stake in Consumer Portfolio Services by 52.5% during the 1st quarter. Acadian Asset Management LLC now owns 25,668 shares of the credit services provider’s stock valued at $90,000 after buying an additional 8,841 shares during the period. Finally, Charles Schwab Investment Management Inc. acquired a new position in Consumer Portfolio Services during the 1st quarter valued at about $38,000. 50.50% of the stock is currently owned by hedge funds and other institutional investors.
Consumer Portfolio Services Company Profile
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.
Further Reading: Is it Safe to Invest in Commodities?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Consumer Portfolio Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consumer Portfolio Services and related companies with MarketBeat.com's FREE daily email newsletter.