Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Stock analysts at Jefferies Group dropped their Q4 2017 earnings per share (EPS) estimates for Consumer Portfolio Services in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Hecht now forecasts that the credit services provider will earn $0.18 per share for the quarter, down from their prior forecast of $0.20. Jefferies Group currently has a “Buy” rating and a $6.00 price target on the stock.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Monday, July 24th. The credit services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $110.07 million for the quarter, compared to analyst estimates of $110.31 million. Consumer Portfolio Services had a return on equity of 12.76% and a net margin of 5.49%.

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Separately, Zacks Investment Research downgraded shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Wednesday.

Consumer Portfolio Services (CPSS) remained flat at $4.58 during midday trading on Thursday. The stock had a trading volume of 3,112 shares. The firm has a 50 day moving average of $4.34 and a 200 day moving average of $4.41. The company has a market capitalization of $104.11 million, a price-to-earnings ratio of 5.44 and a beta of 1.63. Consumer Portfolio Services has a one year low of $3.66 and a one year high of $6.05.

Consumer Portfolio Services declared that its Board of Directors has authorized a share buyback program on Monday, July 24th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 9.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In related news, major shareholder Second Curve Capital Llc sold 15,000 shares of Consumer Portfolio Services stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $3.97, for a total transaction of $59,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 35,000 shares of company stock valued at $138,750 over the last ninety days. 37.50% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its holdings in Consumer Portfolio Services by 1,213.0% during the 1st quarter. UBS Group AG now owns 24,882 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 22,987 shares during the last quarter. Hancock Holding Co. lifted its holdings in Consumer Portfolio Services by 17.6% during the 2nd quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock valued at $201,000 after purchasing an additional 6,615 shares during the last quarter. Oxford Asset Management bought a new position in Consumer Portfolio Services during the 1st quarter valued at about $230,000. Spark Investment Management LLC lifted its holdings in Consumer Portfolio Services by 53.2% during the 2nd quarter. Spark Investment Management LLC now owns 61,600 shares of the credit services provider’s stock valued at $280,000 after purchasing an additional 21,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Consumer Portfolio Services by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 70,127 shares of the credit services provider’s stock valued at $330,000 after purchasing an additional 397 shares during the last quarter. 46.74% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Consumer Portfolio Services (NASDAQ:CPSS)

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