Marlin Business Services (NASDAQ:MRLN) announced its quarterly earnings results on Thursday. The financial services provider reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02, Fidelity Earnings reports. Marlin Business Services had a return on equity of 12.48% and a net margin of 26.20%. The firm had revenue of $23.81 million during the quarter, compared to analyst estimates of $24.10 million.
NASDAQ:MRLN remained flat at $$26.50 during trading hours on Friday. The company’s stock had a trading volume of 8,963 shares, compared to its average volume of 14,565. Marlin Business Services has a 52 week low of $21.15 and a 52 week high of $31.95. The stock has a market cap of $329.63 million, a price-to-earnings ratio of 13.25 and a beta of 0.90.
The company also recently disclosed a dividend, which will be paid on Friday, November 23rd. Shareholders of record on Monday, November 12th will be paid a dividend of $0.14 per share. This is a positive change from Marlin Business Services’s previous dividend of $0.11. The ex-dividend date is Friday, November 9th. Marlin Business Services’s payout ratio is 37.33%.
Several equities analysts recently weighed in on the company. BidaskClub lowered Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered Marlin Business Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 9th. Finally, ValuEngine lowered Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd.
About Marlin Business Services
Marlin Business Services Corp., through its subsidiaries, provides equipment financing solutions to small and mid-sized businesses in the United States. It finances approximately 100 categories of equipment, including commercial and industrial, restaurant, auto, medical, VOIP, and printing equipment, as well as computer software, copiers, cash registers, dental implant systems, and other commercial equipment.
See Also: Ex-Dividend
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