Brokerages Anticipate Consumer Portfolio Services, Inc. (CPSS) Will Announce Quarterly Sales of $93.03 Million

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Analysts expect that Consumer Portfolio Services, Inc. (NASDAQ:CPSS) will report $93.03 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Consumer Portfolio Services’ earnings, with the highest sales estimate coming in at $98.42 million and the lowest estimate coming in at $87.63 million. Consumer Portfolio Services posted sales of $103.56 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.2%. The firm is expected to announce its next earnings report on Wednesday, April 17th.

According to Zacks, analysts expect that Consumer Portfolio Services will report full year sales of $366.66 million for the current fiscal year, with estimates ranging from $340.11 million to $393.20 million. For the next fiscal year, analysts expect that the business will post sales of $335.66 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Consumer Portfolio Services.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $91.22 million during the quarter, compared to the consensus estimate of $95.43 million. Consumer Portfolio Services had a return on equity of 6.72% and a net margin of 3.81%.

Separately, Zacks Investment Research upgraded Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Friday, February 15th.

In other news, Director Greg Washer sold 23,631 shares of the stock in a transaction on Friday, December 14th. The stock was sold at an average price of $3.41, for a total value of $80,581.71. Following the sale, the director now directly owns 323,430 shares of the company’s stock, valued at $1,102,896.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian Rayhill sold 24,500 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $4.20, for a total value of $102,900.00. Following the completion of the sale, the director now directly owns 52,337 shares in the company, valued at $219,815.40. The disclosure for this sale can be found here. 46.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC purchased a new stake in shares of Consumer Portfolio Services during the fourth quarter valued at $26,000. Vanguard Group Inc boosted its position in shares of Consumer Portfolio Services by 1.0% during the third 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 last quarter. Finally, Barclays PLC boosted its position in shares of Consumer Portfolio Services by 18.6% during the fourth 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 last quarter. 49.44% of the stock is currently owned by hedge funds and other institutional investors.

CPSS traded up $0.02 during trading on Monday, reaching $4.39. The stock had a trading volume of 590 shares, compared to its average volume of 43,250. The company has a current ratio of 14.60, a quick ratio of 14.60 and a debt-to-equity ratio of 10.87. The company has a market cap of $97.36 million, a price-to-earnings ratio of 8.65 and a beta of 1.59. Consumer Portfolio Services has a one year low of $2.99 and a one year high of $4.65.

About Consumer Portfolio Services

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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