Consumer Portfolio Services (NASDAQ:CPSS) Issues Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) issued its quarterly earnings data on Tuesday. The credit services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06), Zacks reports. The company had revenue of $105.30 million for the quarter, compared to analysts’ expectations of $102.37 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%.

Consumer Portfolio Services Stock Down 1.1 %

CPSS opened at $10.15 on Wednesday. Consumer Portfolio Services has a 52 week low of $7.03 and a 52 week high of $12.73. The business has a 50 day moving average price of $11.13 and a two-hundred day moving average price of $10.21. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52. The company has a market cap of $217.26 million, a PE ratio of 11.67 and a beta of 1.98.

Insider Buying and Selling at Consumer Portfolio Services

In other Consumer Portfolio Services news, Director William B. Roberts sold 10,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $10.33, for a total value of $103,300.00. Following the transaction, the director now directly owns 724,803 shares of the company’s stock, valued at approximately $7,487,214.99. The trade was a 1.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP April Crisp sold 2,500 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $11.15, for a total transaction of $27,875.00. Following the completion of the sale, the vice president now owns 17,212 shares of the company’s stock, valued at $191,913.80. This trade represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,500 shares of company stock worth $287,925. 69.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com lowered Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of 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.