Wall Street brokerages forecast that Consumer Portfolio Services, Inc. (NASDAQ:CPSS) will announce $108.43 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Consumer Portfolio Services’ earnings, with the lowest sales estimate coming in at $107.84 million and the highest estimate coming in at $109.02 million. Consumer Portfolio Services posted sales of $107.60 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.8%. The business is scheduled to announce its next earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that Consumer Portfolio Services will report full year sales of $108.43 million for the current fiscal year, with estimates ranging from $432.26 million to $437.55 million. For the next financial year, analysts anticipate that the company will post sales of $448.65 million per share, with estimates ranging from $438.22 million to $459.07 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Consumer Portfolio Services.
Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Wednesday, February 14th. The credit services provider reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The business had revenue of $107.23 million for the quarter, compared to the consensus estimate of $110.31 million. Consumer Portfolio Services had a net margin of 0.87% and a return on equity of 9.88%.
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 value of $371,700.00. Following the sale, the insider now directly owns 6,349 shares of the company’s stock, valued at $26,221.37. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 37.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. PEAK6 Investments L.P. lifted its holdings in shares of 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 in the last quarter. Continental Advisors LLC lifted its holdings in shares of 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 in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of 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 in the last quarter. Cornerstone Investment Partners LLC lifted its holdings in shares of 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 in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Consumer Portfolio Services in the third quarter worth about $114,000. 47.19% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ CPSS traded up $0.03 during trading on Thursday, hitting $3.77. 12,749 shares of the company’s stock traded hands, compared to its average volume of 35,684. The company has a market cap of $81.51, a PE ratio of 5.39 and a beta of 1.80. Consumer Portfolio Services has a 12-month low of $3.66 and a 12-month high of $5.21. The company has a quick ratio of 16.44, a current ratio of 16.44 and a debt-to-equity ratio of 11.42.
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Consumer Portfolio Services Company Profile
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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