Brokerages Expect Consumer Portfolio Services, Inc. (CPSS) to Announce $0.16 Earnings Per Share

Analysts predict that Consumer Portfolio Services, Inc. (NASDAQ:CPSS) will announce $0.16 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Consumer Portfolio Services’ earnings. Consumer Portfolio Services posted earnings per share of $0.26 in the same quarter last year, which would indicate a negative year-over-year growth rate of 38.5%. The firm is expected to announce its next earnings report on Tuesday, February 13th.

On average, analysts expect that Consumer Portfolio Services will report full year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.66. For the next financial year, analysts forecast that the business will report earnings of $0.78 per share, with EPS estimates ranging from $0.76 to $0.79. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Consumer Portfolio Services.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Monday, October 23rd. The credit services provider reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $109.49 million during the quarter, compared to the consensus estimate of $112.39 million. Consumer Portfolio Services had a return on equity of 11.09% and a net margin of 4.87%.

CPSS has been the subject of several recent research reports. Zacks Investment Research upgraded Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. TheStreet downgraded Consumer Portfolio Services from a “c” rating to a “d” rating in a report on Tuesday, October 31st.

Consumer Portfolio Services (CPSS) traded up $0.01 during mid-day trading on Thursday, hitting $4.10. The stock had a trading volume of 3,916 shares, compared to its average volume of 26,108. The firm has a market cap of $89.28, a P/E ratio of 5.39 and a beta of 1.92. The company has a current ratio of 17.19, a quick 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 related news, insider Curtis K. Powell sold 8,100 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $4.27, for a total value of $34,587.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Second Curve Capital Llc sold 20,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $4.16, for a total value of $83,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 235,100 shares of company stock valued at $989,660. 37.50% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Numeric Investors LLC grew its stake in shares of 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 valued at $1,110,000 after acquiring an additional 1,329 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 valued at $3,461,000 after acquiring an additional 6,530 shares in the last quarter. Hancock Holding Co. grew its stake in shares of 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 valued at $201,000 after acquiring an additional 6,615 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Consumer Portfolio Services during the third quarter valued at about $114,000. Finally, Continental Advisors LLC grew its stake in shares of 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 valued at $6,048,000 after acquiring an additional 232,055 shares in the last quarter. Institutional investors own 48.35% of the company’s stock.

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About Consumer Portfolio Services

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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