Equities analysts forecast that Consumer Portfolio Services, Inc. (NASDAQ:CPSS) will post sales of $104.79 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Consumer Portfolio Services’ earnings, with estimates ranging from $103.22 million to $106.36 million. Consumer Portfolio Services reported sales of $110.07 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.8%. The company is scheduled to announce its next earnings report on Monday, July 23rd.
On average, analysts expect that Consumer Portfolio Services will report full-year sales of $411.80 million for the current financial year, with estimates ranging from $409.52 million to $414.08 million. For the next fiscal year, analysts forecast that the business will report sales of $386.55 million per share, with estimates ranging from $384.52 million to $388.59 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Consumer Portfolio Services.
Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Wednesday, April 18th. The credit services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.08). The firm had revenue of $103.56 million for 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%.
Several research analysts have commented on CPSS shares. Zacks Investment Research raised Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research report on Wednesday, February 28th. JMP Securities raised Consumer Portfolio Services from a “market perform” rating to an “outperform” rating and set a $6.00 price target on the stock in a research report on Friday, June 8th. Finally, ValuEngine lowered Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $5.42.
Several hedge funds have recently made changes to their positions in the business. PEAK6 Investments L.P. grew its stake in shares of Consumer Portfolio Services by 28.6% in the 4th 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 during the last quarter. Continental Advisors LLC grew its stake in shares of Consumer Portfolio Services by 7.9% in the 4th 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 during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Consumer Portfolio Services by 433.8% in the 4th 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 during the last quarter. Institutional investors own 45.71% of the company’s stock.
Consumer Portfolio Services traded down $0.02, hitting $4.03, during trading on Friday, according to MarketBeat.com. 5,400 shares of the stock were exchanged, compared to its average volume of 37,840. The firm has a market cap of $90.75 million, a price-to-earnings ratio of 5.04 and a beta of 1.66. Consumer Portfolio Services has a 1-year low of $3.27 and a 1-year high of $4.86. The company has a quick ratio of 15.10, a current ratio of 15.10 and a debt-to-equity ratio of 11.19.
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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