Brokerages Expect Consumer Portfolio Services, Inc. (CPSS) Will Announce Earnings of $0.14 Per Share

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Wall Street brokerages expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to announce $0.14 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Consumer Portfolio Services’ earnings. Consumer Portfolio Services posted earnings of $0.12 per share during the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The firm is expected to report its next earnings report on Wednesday, April 17th.

According to Zacks, analysts expect that Consumer Portfolio Services will report full-year earnings of $0.63 per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $0.75 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Consumer Portfolio Services.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Tuesday, February 12th. The credit services provider reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. Consumer Portfolio Services had a net margin of 3.81% and a return on equity of 6.72%. The business had revenue of $91.22 million for the quarter, compared to analyst estimates of $95.43 million.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. ValuEngine downgraded shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Saturday, November 10th.

In other news, Director Greg Washer sold 23,631 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $3.41, for a total transaction of $80,581.71. Following the completion of the sale, the director now owns 323,430 shares in the company, valued at approximately $1,102,896.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 46.20% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Brandywine Global Investment Management LLC acquired a new stake in Consumer Portfolio Services in the 4th quarter valued at approximately $26,000. Barclays PLC increased its holdings in Consumer Portfolio Services by 18.6% in the 4th quarter. Barclays PLC now owns 34,850 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 5,476 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in Consumer Portfolio Services by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 746,868 shares of the credit services provider’s stock valued at $2,764,000 after purchasing an additional 7,067 shares during the last quarter. Hedge funds and other institutional investors own 49.78% of the company’s stock.

Shares of NASDAQ CPSS traded down $0.02 during midday trading on Thursday, reaching $4.15. 29,727 shares of the stock were exchanged, compared to its average volume of 30,252. The company has a market capitalization of $94.43 million, a P/E ratio of 8.14 and a beta of 1.49. The company has a debt-to-equity ratio of 10.87, a current ratio of 14.60 and a quick ratio of 14.60. Consumer Portfolio Services has a twelve month low of $2.99 and a twelve month high of $4.48.

Consumer Portfolio Services Company Profile

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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