Brokerages predict that Consumer Portfolio Services, Inc. (NASDAQ:CPSS) will post $0.15 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Consumer Portfolio Services’ earnings. The highest EPS estimate is $0.16 and the lowest is $0.14. Consumer Portfolio Services reported earnings of $0.17 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 11.8%. The business is expected to report its next earnings results on Monday, July 23rd.
According to Zacks, analysts expect that Consumer Portfolio Services will report full-year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.58 to $0.62. For the next fiscal year, analysts anticipate that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.68 to $0.77. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Consumer Portfolio Services.
Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Wednesday, April 18th. The credit services provider reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.08). The business had revenue of $103.56 million during the quarter, compared to analyst estimates of $107.94 million. Consumer Portfolio Services had a return on equity of 9.21% and a net margin of 0.56%.
CPSS has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research note on Tuesday, February 20th. ValuEngine lowered shares of Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.
NASDAQ:CPSS opened at $3.68 on Friday. The firm has a market capitalization of $77.58 million, a PE ratio of 5.53 and a beta of 1.58. Consumer Portfolio Services has a 1-year low of $3.72 and a 1-year high of $3.72. The company has a current ratio of 15.10, a quick ratio of 15.10 and a debt-to-equity ratio of 11.19.
In related news, insider Chris Terry sold 90,000 shares of the stock in a transaction on Saturday, February 17th. The shares were sold at an average price of $4.13, for a total transaction of $371,700.00. Following the sale, the insider now directly owns 6,349 shares of the company’s stock, valued at $26,221.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 37.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Continental Advisors LLC lifted its holdings in Consumer Portfolio Services by 7.9% during the fourth quarter. Continental Advisors LLC now owns 1,430,474 shares of the credit services provider’s stock valued at $5,936,000 after purchasing an additional 104,263 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Consumer Portfolio Services by 433.8% during the fourth quarter. Wells Fargo & Company MN now owns 36,333 shares of the credit services provider’s stock valued at $151,000 after purchasing an additional 29,526 shares in the last quarter. Cornerstone Investment Partners LLC lifted its holdings in Consumer Portfolio Services by 100.0% during the fourth quarter. Cornerstone Investment Partners LLC now owns 40,000 shares of the credit services provider’s stock valued at $166,000 after purchasing an additional 20,000 shares in the last quarter. Finally, PEAK6 Investments L.P. lifted its holdings in Consumer Portfolio Services by 28.6% during the fourth quarter. PEAK6 Investments L.P. now owns 56,183 shares of the credit services provider’s stock valued at $233,000 after purchasing an additional 12,500 shares in the last quarter. 48.08% of the stock is currently owned by hedge funds and other institutional investors.
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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