Consumer Portfolio Services (CPSS) Expected to Announce Earnings on Thursday

Consumer Portfolio Services (NASDAQ:CPSS) will likely be announcing its earnings results before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $102.37 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Tuesday, February 25th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The company had revenue of $105.30 million for the quarter, compared to analyst estimates of $102.37 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%. On average, analysts expect Consumer Portfolio Services to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Consumer Portfolio Services Price Performance

CPSS stock opened at $9.20 on Wednesday. The company has a market capitalization of $196.93 million, a P/E ratio of 10.57 and a beta of 2.14. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. Consumer Portfolio Services has a 52-week low of $7.03 and a 52-week high of $12.73. The business has a 50-day simple moving average of $10.91 and a two-hundred day simple moving average of $10.28.

Insider Transactions at Consumer Portfolio Services

In other news, Director William B. Roberts sold 6,259 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $9.41, for a total value of $58,897.19. Following the transaction, the director now owns 690,078 shares in the company, valued at $6,493,633.98. The trade was a 0.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP April Crisp sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $11.15, for a total value of $27,875.00. Following the completion of the transaction, the vice president now owns 17,212 shares in the company, valued at $191,913.80. The trade was a 12.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,293 shares of company stock worth $91,792 in the last 90 days. Insiders own 69.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of 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.