Medallion Financial (NASDAQ:MFIN) is scheduled to be announcing its Q2 earnings results after the market closes on Monday, August 3rd. Investors that wish to register for the company’s conference call can do so using this link.
Medallion Financial (NASDAQ:MFIN) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.68). The business had revenue of $19.56 million during the quarter, compared to analyst estimates of $29.49 million. Medallion Financial had a negative net margin of 9.27% and a negative return on equity of 4.35%. On average, analysts expect Medallion Financial to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ MFIN opened at $3.29 on Friday. The stock has a market cap of $81.63 million, a price-to-earnings ratio of -5.87 and a beta of 2.44. Medallion Financial has a 52 week low of $1.29 and a 52 week high of $7.40. The company’s 50-day moving average price is $2.80 and its 200 day moving average price is $3.72. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51.
A number of research firms have issued reports on MFIN. TheStreet lowered shares of Medallion Financial from a “c-” rating to a “d+” rating in a report on Friday, May 1st. Piper Sandler reduced their target price on shares of Medallion Financial from $7.50 to $2.25 and set a “neutral” rating on the stock in a report on Monday, April 6th. Zacks Investment Research lowered shares of Medallion Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 28th. ValuEngine upgraded shares of Medallion Financial from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Finally, B. Riley reduced their target price on shares of Medallion Financial from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $6.85.
Medallion Financial Company Profile
Medallion Financial Corp., through with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.
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