Consumer Portfolio Services Inc. (CPSS) Scheduled to Post Earnings on Thursday
Consumer Portfolio Services Inc. (NASDAQ:CPSS) is set to post its quarterly earnings results after the market closes on Thursday, October 13th. Analysts expect Consumer Portfolio Services to post earnings of $0.24 per share for the quarter.
Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. Consumer Portfolio Services had a net margin of 8.18% and a return on equity of 19.72%. On average, analysts expect Consumer Portfolio Services to post $0.95 EPS for the current fiscal year and $0.97 EPS for the next fiscal year.
Shares of Consumer Portfolio Services Inc. (NASDAQ:CPSS) opened at 4.32 on Wednesday. Consumer Portfolio Services Inc. has a 1-year low of $3.31 and a 1-year high of $5.81. The company has a market cap of $103.10 million, a PE ratio of 4.06 and a beta of 0.81. The firm’s 50-day moving average is $4.17 and its 200-day moving average is $4.02.
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CPSS has been the topic of several recent analyst reports. TheStreet upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Monday, August 15th. Jefferies Group restated a “buy” rating and set a $6.00 price objective on shares of Consumer Portfolio Services in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a report on Friday, July 29th. Finally, Janney Montgomery Scott restated a “hold” rating on shares of Consumer Portfolio Services in a report on Thursday, September 22nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Consumer Portfolio Services currently has an average rating of “Hold” and a consensus target price of $5.25.
A number of large investors have recently modified their holdings of CPSS. Dimensional Fund Advisors LP raised its stake in shares of Consumer Portfolio Services by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,086,237 shares of the company’s stock worth $7,865,000 after buying an additional 15,520 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Consumer Portfolio Services by 2.2% in the second quarter. Vanguard Group Inc. now owns 703,683 shares of the company’s stock worth $2,653,000 after buying an additional 15,049 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Consumer Portfolio Services by 6.7% in the second quarter. Parametric Portfolio Associates LLC now owns 89,137 shares of the company’s stock worth $336,000 after buying an additional 5,567 shares in the last quarter. Hedge funds and other institutional investors own 47.46% of the company’s stock.
About Consumer Portfolio Services
Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.
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