Zacks: Analysts Anticipate Consumer Portfolio Services, Inc. (CPSS) to Post $0.16 EPS

Equities analysts expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to announce $0.16 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Consumer Portfolio Services’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.17. Consumer Portfolio Services posted earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 23.1%. The business is scheduled to announce its next earnings results on Tuesday, July 23rd.

On average, analysts expect that Consumer Portfolio Services will report full-year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.71. For the next year, analysts anticipate that the company will report earnings of $0.75 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Consumer Portfolio Services.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Thursday, April 18th. The credit services provider reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.09). The business had revenue of $88.23 million during the quarter, compared to the consensus estimate of $93.65 million. Consumer Portfolio Services had a return on equity of 5.88% and a net margin of 3.59%.

A number of analysts have commented on CPSS shares. Zacks Investment Research raised Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a report on Friday, February 15th. ValuEngine lowered Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Monday, April 1st.

Shares of Consumer Portfolio Services stock traded up $0.05 on Tuesday, reaching $3.47. The company’s stock had a trading volume of 10,832 shares, compared to its average volume of 28,111. The firm has a market cap of $78.63 million, a price-to-earnings ratio of 6.80 and a beta of 1.56. Consumer Portfolio Services has a 52 week low of $2.99 and a 52 week high of $4.65. The company has a current ratio of 14.27, a quick ratio of 14.27 and a debt-to-equity ratio of 10.76.

In other news, Director Brian Rayhill sold 24,500 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $4.20, for a total value of $102,900.00. Following the transaction, the director now directly owns 52,337 shares in the company, valued at approximately $219,815.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 46.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its position in Consumer Portfolio Services by 1.0% during the third 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 in the last quarter. Barclays PLC lifted its position in Consumer Portfolio Services by 18.6% during the fourth 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 in the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new position in Consumer Portfolio Services during the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 50.45% of the company’s stock.

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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