Medallion Financial (NASDAQ:MFIN) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Medallion Financial (NASDAQ:MFIN) posted its quarterly earnings data on Tuesday. The credit services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03), Zacks reports. Medallion Financial had a net margin of 14.97% and a return on equity of 10.44%. The firm had revenue of $71.80 million during the quarter, compared to analysts’ expectations of $50.39 million. During the same quarter in the previous year, the company posted $0.62 EPS.

Medallion Financial Stock Performance

Shares of NASDAQ:MFIN traded down $0.31 during trading on Thursday, hitting $7.98. 16,193 shares of the company were exchanged, compared to its average volume of 108,948. The company has a market cap of $186.57 million, a PE ratio of 3.91 and a beta of 2.16. The stock has a 50 day moving average of $8.03 and a 200 day moving average of $8.30. Medallion Financial has a 52-week low of $6.28 and a 52-week high of $10.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.20 and a quick ratio of 1.20.

Medallion Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.40 annualized dividend and a dividend yield of 5.01%. Medallion Financial’s dividend payout ratio is currently 18.87%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Medallion Financial from a “hold” rating to a “buy” rating in a research report on Friday, July 19th.

Medallion Financial Company Profile

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.