Equities research analysts expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to announce $84.61 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Consumer Portfolio Services’ earnings, with estimates ranging from $83.52 million to $85.70 million. Consumer Portfolio Services reported sales of $95.63 million during the same quarter last year, which would suggest a negative year over year growth rate of 11.5%. The company is expected to issue its next earnings report on Wednesday, October 16th.
According to Zacks, analysts expect that Consumer Portfolio Services will report full-year sales of $342.46 million for the current financial year, with estimates ranging from $339.06 million to $345.85 million. For the next year, analysts expect that the company will post sales of $315.05 million, with estimates ranging from $293.58 million to $336.51 million. Zacks Investment Research’s 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, July 24th. The credit services provider reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). Consumer Portfolio Services had a net margin of 3.35% and a return on equity of 5.10%. The company had revenue of $86.33 million during the quarter, compared to analyst estimates of $84.93 million.
Several hedge funds have recently added to or reduced their stakes in CPSS. Bailard Inc. acquired a new position in shares of Consumer Portfolio Services in the first quarter valued at about $88,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Consumer Portfolio Services in the first quarter valued at about $63,000. Finally, Barclays PLC grew its stake in shares of Consumer Portfolio Services by 18.6% in the fourth quarter. Barclays PLC now owns 34,850 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 5,476 shares in the last quarter. Institutional investors and hedge funds own 47.82% of the company’s stock.
Shares of NASDAQ:CPSS traded down $0.04 on Friday, hitting $3.65. The company had a trading volume of 17,761 shares, compared to its average volume of 37,063. Consumer Portfolio Services has a 1-year low of $2.99 and a 1-year high of $4.65. The company has a market cap of $81.07 million, a PE ratio of 7.16 and a beta of 1.56. The stock’s 50 day moving average is $3.64. The company has a current ratio of 14.18, a quick ratio of 14.18 and a debt-to-equity ratio of 10.91.
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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