Press coverage about Consumer Portfolio Services (NASDAQ:CPSS) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Consumer Portfolio Services earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media stories about the credit services provider an impact score of 47.0633503256439 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s analysis:
Consumer Portfolio Services (NASDAQ:CPSS) traded down 1.12% during trading on Friday, reaching $4.40. The company had a trading volume of 26,785 shares. The firm has a market capitalization of $100.02 million, a price-to-earnings ratio of 5.23 and a beta of 1.63. Consumer Portfolio Services has a 12 month low of $3.66 and a 12 month high of $6.05. The stock has a 50 day moving average price of $4.52 and a 200 day moving average price of $4.41.
Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings data on Monday, October 23rd. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $109.49 million during the quarter, compared to the consensus estimate of $112.39 million. Consumer Portfolio Services had a net margin of 4.87% and a return on equity of 11.16%. On average, equities research analysts predict that Consumer Portfolio Services will post $0.67 earnings per share for the current year.
Consumer Portfolio Services declared that its Board of Directors has approved a stock buyback program on Monday, July 24th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 9.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
Several equities analysts recently weighed in on CPSS shares. Zacks Investment Research downgraded Consumer Portfolio Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating and set a $6.00 target price on shares of Consumer Portfolio Services in a research report on Thursday, September 7th.
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In other news, major shareholder Second Curve Capital Llc sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $3.97, for a total transaction of $59,550.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 35,000 shares of company stock worth $138,750 over the last ninety days. Insiders own 37.50% of the company’s stock.
Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.
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