Consumer Portfolio Services Inc. (CPSS) Announces Earnings Results, Beats Estimates By $0.02 EPS
Consumer Portfolio Services Inc. (NASDAQ:CPSS) posted its earnings results on Thursday. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Consumer Portfolio Services had a net margin of 8.18% and a return on equity of 19.72%.
Shares of Consumer Portfolio Services (NASDAQ:CPSS) traded up 1.70% on Monday, reaching $4.79. 55,856 shares of the company’s stock traded hands. The company has a 50 day moving average of $4.22 and a 200-day moving average of $4.03. Consumer Portfolio Services has a 52 week low of $3.31 and a 52 week high of $5.57. The stock has a market capitalization of $114.31 million, a PE ratio of 4.51 and a beta of 0.81.
A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in 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 valued at $7,865,000 after buying an additional 15,520 shares in the last quarter. Vanguard Group Inc. boosted its position in 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 during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in 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 during the last quarter. Institutional investors own 47.38% of the company’s stock.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/17/consumer-portfolio-services-inc-cpss-announces-earnings-results-beats-estimates-by-0-02-eps.html
A number of research firms recently commented on CPSS. TheStreet raised shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research report on Monday, August 15th. Zacks Investment Research raised shares of Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research report on Friday, July 29th. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Consumer Portfolio Services in a research report on Thursday, September 22nd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $6.00 target price on shares of Consumer Portfolio Services in a research report on Thursday, July 28th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.25.
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.
Receive News & Ratings for Consumer Portfolio Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consumer Portfolio Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.