Wall Street brokerages predict that Consumer Portfolio Services, Inc. (NASDAQ:CPSS) will report earnings of $0.18 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Consumer Portfolio Services’ earnings, with estimates ranging from $0.14 to $0.22. Consumer Portfolio Services posted earnings of $0.17 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The firm is expected to report its next quarterly earnings report on Monday, July 23rd.
According to Zacks, analysts expect that Consumer Portfolio Services will report full year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.86. For the next fiscal year, analysts expect that the business will report earnings of $0.85 per share, with EPS estimates ranging from $0.81 to $0.89. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Consumer Portfolio Services.
Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Wednesday, April 18th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.08). Consumer Portfolio Services had a net margin of 0.56% and a return on equity of 9.17%. The company had revenue of $103.56 million for the quarter, compared to the consensus estimate of $107.94 million.
In other news, insider Chris Terry sold 90,000 shares of the stock in a transaction dated Saturday, February 17th. The shares were sold at an average price of $4.13, for a total transaction of $371,700.00. Following the completion of the sale, the insider now directly owns 6,349 shares in the company, valued at $26,221.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 37.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Continental Advisors LLC lifted its holdings in Consumer Portfolio Services by 7.9% in the fourth quarter. Continental Advisors LLC now owns 1,430,474 shares of the credit services provider’s stock worth $5,936,000 after buying an additional 104,263 shares during the period. PEAK6 Investments L.P. lifted its holdings in Consumer Portfolio Services by 28.6% in the fourth quarter. PEAK6 Investments L.P. now owns 56,183 shares of the credit services provider’s stock worth $233,000 after buying an additional 12,500 shares during the period. Cornerstone Investment Partners LLC lifted its holdings in Consumer Portfolio Services by 100.0% in the fourth quarter. Cornerstone Investment Partners LLC now owns 40,000 shares of the credit services provider’s stock worth $166,000 after buying an additional 20,000 shares during the period. Wells Fargo & Company MN lifted its holdings in Consumer Portfolio Services by 433.8% in the fourth quarter. Wells Fargo & Company MN now owns 36,333 shares of the credit services provider’s stock worth $151,000 after buying an additional 29,526 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in Consumer Portfolio Services in the third quarter worth about $114,000. Institutional investors own 47.19% of the company’s stock.
Shares of NASDAQ:CPSS traded down $0.03 on Friday, reaching $3.61. 36,535 shares of the company traded hands, compared to its average volume of 40,695. Consumer Portfolio Services has a 52 week low of $3.49 and a 52 week high of $5.21. The stock has a market capitalization of $84.54, a P/E ratio of 5.92 and a beta of 1.53. The company has a current ratio of 16.44, a quick ratio of 16.44 and a debt-to-equity ratio of 11.42.
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About Consumer Portfolio Services
Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. The company 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.
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