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

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Investment analysts at Jefferies Group raised their Q2 2018 EPS estimates for Consumer Portfolio Services in a report released on Wednesday, Zacks Investment Research reports. Jefferies Group analyst J. Hecht now expects that the credit services provider will earn $0.21 per share 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 issued its quarterly earnings results on Monday, October 23rd. The credit services provider reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $109.49 million during the quarter, compared to analyst estimates of $112.39 million. Consumer Portfolio Services had a net margin of 4.87% and a return on equity of 11.09%.

Several other brokerages have also recently issued reports on CPSS. Zacks Investment Research raised shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research note on Tuesday, December 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 (NASDAQ CPSS) opened at $4.14 on Friday. The company has a market cap of $90.15, a price-to-earnings ratio of 5.45 and a beta of 1.92. The company has a quick ratio of 17.19, a current 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 other Consumer Portfolio Services news, major shareholder Second Curve Capital Llc sold 20,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $4.16, for a total value of $83,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Curtis K. Powell sold 6,900 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $4.36, for a total transaction of $30,084.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 235,100 shares of company stock worth $989,660. Corporate insiders own 37.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CPSS. Continental Advisors LLC increased its stake in Consumer Portfolio Services by 21.2% during the third quarter. Continental Advisors LLC now owns 1,326,211 shares of the credit services provider’s stock worth $6,048,000 after purchasing an additional 232,055 shares during the period. Vanguard Group Inc. increased its stake in Consumer Portfolio Services by 0.9% during the second quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock worth $3,461,000 after purchasing an additional 6,530 shares during the period. Numeric Investors LLC increased its stake in Consumer Portfolio Services by 0.5% during the second quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock worth $1,110,000 after purchasing an additional 1,329 shares during the period. Hancock Holding Co. increased its stake in Consumer Portfolio Services by 17.6% during the second quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock worth $201,000 after purchasing an additional 6,615 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in Consumer Portfolio Services during the third quarter worth about $114,000. 48.35% of the stock is currently owned by institutional investors.

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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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