Analysts expect that Consumer Portfolio Services, Inc. (NASDAQ:CPSS) will post $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Consumer Portfolio Services’ earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.16. Consumer Portfolio Services posted earnings of $0.17 per share during the same quarter last year, which would indicate a negative year over year growth rate of 11.8%. The company is scheduled to announce its next quarterly earnings results on Monday, July 23rd.
According to Zacks, analysts expect that Consumer Portfolio Services will report full year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.58 to $0.62. For the next year, analysts anticipate that the company will post earnings of $0.73 per share, with EPS estimates ranging from $0.68 to $0.77. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Consumer Portfolio Services.
Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings results on Wednesday, April 18th. The credit services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.08). Consumer Portfolio Services had a return on equity of 9.21% and a net margin of 0.56%. The business had revenue of $103.56 million during the quarter, compared to the consensus estimate of $107.94 million.
Shares of Consumer Portfolio Services opened at $3.72 on Friday, Marketbeat Ratings reports. The company has a current ratio of 15.10, a quick ratio of 15.10 and a debt-to-equity ratio of 11.19. Consumer Portfolio Services has a 52 week low of $3.27 and a 52 week high of $4.91. The stock has a market capitalization of $79.07 million, a price-to-earnings ratio of 5.64 and a beta of 1.58.
A number of institutional investors and hedge funds have recently modified their holdings of CPSS. Cornerstone Investment Partners LLC increased its stake in Consumer Portfolio Services by 100.0% in the 4th quarter. Cornerstone Investment Partners LLC now owns 40,000 shares of the credit services provider’s stock worth $166,000 after purchasing an additional 20,000 shares in the last quarter. Wells Fargo & Company MN increased its stake in Consumer Portfolio Services by 433.8% in the 4th quarter. Wells Fargo & Company MN now owns 36,333 shares of the credit services provider’s stock worth $151,000 after purchasing an additional 29,526 shares in the last quarter. Continental Advisors LLC increased its stake in Consumer Portfolio Services by 7.9% in the 4th quarter. Continental Advisors LLC now owns 1,430,474 shares of the credit services provider’s stock worth $5,936,000 after purchasing an additional 104,263 shares in the last quarter. Finally, PEAK6 Investments L.P. increased its stake in Consumer Portfolio Services by 28.6% in the 4th quarter. PEAK6 Investments L.P. now owns 56,183 shares of the credit services provider’s stock worth $233,000 after purchasing an additional 12,500 shares in the last quarter. 45.71% 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.
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