Atlanticus (NASDAQ:ATLC) Posts Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Atlanticus (NASDAQ:ATLC) announced its quarterly earnings data on Thursday. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.19, Zacks reports. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The firm had revenue of $353.19 million for the quarter, compared to analysts’ expectations of $355.02 million.

Atlanticus Stock Up 11.3 %

Shares of Atlanticus stock opened at $48.64 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $55.55 and its 200-day simple moving average is $48.19. The stock has a market capitalization of $716.90 million, a price-to-earnings ratio of 10.93 and a beta of 2.16. Atlanticus has a twelve month low of $23.09 and a twelve month high of $64.70.

Analyst Ratings Changes

ATLC has been the topic of a number of recent research reports. B. Riley upgraded shares of Atlanticus to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities lifted their target price on Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $57.20.

About Atlanticus

Atlanticus Holdings Corporation, a financial technology company, 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, healthcare providers, and other service providers.