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

Consumer Portfolio Services (NASDAQ:CPSS) will likely be issuing its quarterly earnings data before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of $0.27 per share and revenue of $102.37 million for the quarter. Parties 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 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.06). Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The company had revenue of $105.30 million during the quarter, compared to analysts’ expectations of $102.37 million. 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 Trading Up 2.7 %

Shares of CPSS stock opened at $8.76 on Thursday. The company has a market cap of $187.84 million, a PE ratio of 10.07 and a beta of 2.14. Consumer Portfolio Services has a 1 year low of $7.03 and a 1 year high of $12.73. The stock’s 50 day simple moving average is $10.63 and its two-hundred day simple moving average is $10.29. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Consumer Portfolio Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 8th.

Insider Transactions at Consumer Portfolio Services

In related news, Director William B. Roberts sold 4,176 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $9.25, for a total value of $38,628.00. Following the sale, the director now directly owns 685,702 shares of the company’s stock, valued at $6,342,743.50. This represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 11,169 shares of company stock worth $104,459. 69.00% of the stock is currently owned by insiders.

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.