Jefferies Group Equities Analysts Increase Earnings Estimates for Consumer Portfolio Services, Inc. (CPSS)

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Research analysts at Jefferies Group raised their Q2 2018 earnings per share (EPS) estimates for shares of Consumer Portfolio Services in a report released on Wednesday. Jefferies Group analyst J. Hecht now forecasts that the credit services provider will post earnings per share of $0.21 for the quarter, up from their prior estimate of $0.17. Jefferies Group also issued estimates for Consumer Portfolio Services’ Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.15 EPS and FY2018 earnings at $0.76 EPS.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Monday, October 23rd. The credit services provider reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The company 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 11.09%.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. TheStreet cut shares of Consumer Portfolio Services from a “c” rating to a “d” rating in a research report on Tuesday, October 31st.

Shares of Consumer Portfolio Services (CPSS) opened at $4.14 on Friday. The stock has a market cap of $88.84, a PE ratio of 5.45 and a beta of 1.92. The company has a current ratio of 17.19, a quick ratio of 17.19 and a debt-to-equity ratio of 10.89. Consumer Portfolio Services has a 1 year low of $3.66 and a 1 year high of $5.69.

In related news, Director Daniel S. Wood sold 10,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $4.32, for a total transaction of $43,200.00. Following the completion of the sale, the director now owns 167,565 shares in the company, valued at approximately $723,880.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Second Curve Capital Llc sold 20,000 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $4.16, for a total transaction of $83,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 235,100 shares of company stock valued at $989,660 in the last quarter. 37.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CPSS. Continental Advisors LLC increased its position in Consumer Portfolio Services by 21.2% in the 3rd quarter. Continental Advisors LLC now owns 1,326,211 shares of the credit services provider’s stock valued at $6,048,000 after acquiring an additional 232,055 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Consumer Portfolio Services in the 3rd quarter valued at about $114,000. Hancock Holding Co. increased its position in Consumer Portfolio Services by 17.6% in the 2nd quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock valued at $201,000 after acquiring an additional 6,615 shares in the last quarter. Vanguard Group Inc. increased its position in Consumer Portfolio Services by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock valued at $3,461,000 after acquiring an additional 6,530 shares in the last quarter. Finally, Numeric Investors LLC increased its position in Consumer Portfolio Services by 0.5% in the 2nd quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock valued at $1,110,000 after acquiring an additional 1,329 shares in the last quarter. Hedge funds and other institutional investors own 48.35% of the company’s stock.

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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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