Equities analysts expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to report sales of $93.03 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Consumer Portfolio Services’ earnings. The highest sales estimate is $98.42 million and the lowest is $87.63 million. Consumer Portfolio Services posted sales of $103.56 million in the same quarter last year, which suggests a negative year over year growth rate of 10.2%. The business is expected to issue its next quarterly 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 year, analysts expect that the firm will post sales of $335.66 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow 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 for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Consumer Portfolio Services had a net margin of 3.81% and a return on equity of 6.72%. The company had revenue of $91.22 million during the quarter, compared to analyst estimates of $95.43 million.
CPSS stock traded up $0.02 during midday trading on Monday, reaching $4.43. The company’s stock had a trading volume of 40,928 shares, compared to its average volume of 35,678. Consumer Portfolio Services has a 52 week low of $2.99 and a 52 week high of $4.65. The stock has a market cap of $99.62 million, a PE ratio of 8.69 and a beta of 1.59. The company has a debt-to-equity ratio of 10.87, a quick ratio of 14.60 and a current ratio of 14.60.
In other Consumer Portfolio Services news, Director Brian Rayhill sold 24,500 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $4.20, for a total value of $102,900.00. Following the transaction, the director now directly owns 52,337 shares of the company’s stock, valued at $219,815.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 46.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CPSS. Brandywine Global Investment Management LLC bought a new position in shares of Consumer Portfolio Services during the fourth quarter worth $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 worth $2,764,000 after purchasing an additional 7,067 shares in 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 worth $105,000 after purchasing an additional 5,476 shares in the last quarter. 49.44% of the stock is currently owned by 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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