Zacks: Analysts Anticipate Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Will Announce Earnings of $0.26 Per Share

Brokerages forecast that Consumer Portfolio Services, Inc. (NASDAQ:CPSS) will announce earnings of $0.26 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Consumer Portfolio Services’ earnings, with estimates ranging from $0.20 to $0.31. Consumer Portfolio Services posted earnings per share of $0.08 in the same quarter last year, which would suggest a positive year over year growth rate of 225%. The company is expected to announce its next quarterly earnings report on Wednesday, July 22nd.

On average, analysts expect that Consumer Portfolio Services will report full year earnings of $1.19 per share for the current fiscal year. For the next year, analysts expect that the firm will report earnings of $0.71 per share, with EPS estimates ranging from $0.61 to $0.81. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Consumer Portfolio Services.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings results on Wednesday, April 15th. The credit services provider reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.07). Consumer Portfolio Services had a return on equity of 3.11% and a net margin of 4.40%. The firm had revenue of $70.77 million for the quarter, compared to analysts’ expectations of $81.36 million.

A number of equities analysts have weighed in on the stock. JMP Securities reduced their price objective on shares of Consumer Portfolio Services from $6.00 to $3.00 and set a “market outperform” rating for the company in a research report on Friday, April 3rd. ValuEngine cut shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research report on Tuesday.

NASDAQ CPSS traded up $0.14 during mid-day trading on Monday, reaching $2.72. 47,996 shares of the stock were exchanged, compared to its average volume of 12,823. The business’s 50 day moving average is $2.70 and its 200-day moving average is $2.95. Consumer Portfolio Services has a 1 year low of $1.00 and a 1 year high of $4.30. The company has a market capitalization of $58.64 million, a P/E ratio of 10.75 and a beta of 2.76. The company has a debt-to-equity ratio of 17.68, a quick ratio of 11.87 and a current ratio of 11.88.

An institutional investor recently raised its position in Consumer Portfolio Services stock. People s United Financial Inc. boosted its stake in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 59.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 68,650 shares of the credit services provider’s stock after acquiring an additional 25,500 shares during the period. People s United Financial Inc. owned about 0.30% of Consumer Portfolio Services worth $93,000 at the end of the most recent quarter. 49.78% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Consumer Portfolio Services (NASDAQ:CPSS)

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