Brokerages expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to report sales of $110.31 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Consumer Portfolio Services’ earnings, with estimates ranging from $108.52 million to $112.09 million. Consumer Portfolio Services posted sales of $108.18 million during the same quarter last year, which would indicate a positive year over year growth rate of 2%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that Consumer Portfolio Services will report full year sales of $110.31 million for the current year, with estimates ranging from $435.68 million to $439.24 million. For the next year, analysts expect that the business will report sales of $437.85 million per share, with estimates ranging from $419.26 million to $456.43 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Consumer Portfolio Services.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Monday, October 23rd. The credit services provider reported $0.17 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.17. The firm had revenue of $109.49 million for the quarter, compared to analysts’ expectations of $112.39 million. Consumer Portfolio Services had a net margin of 4.87% and a return on equity of 11.09%.

A number of research analysts have recently commented on CPSS shares. Jefferies Group restated a “buy” rating and issued a $6.00 price target on shares of Consumer Portfolio Services in a report on Thursday, September 7th. Zacks Investment Research cut shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, TheStreet cut shares of Consumer Portfolio Services from a “c” rating to a “d” rating in a report on Tuesday, October 31st.

Consumer Portfolio Services (NASDAQ CPSS) traded up $0.12 during midday trading on Thursday, hitting $4.22. 70,000 shares of the stock were exchanged, compared to its average volume of 62,952. The company has a current ratio of 17.19, a quick ratio of 17.19 and a debt-to-equity ratio of 10.89. The company has a market capitalization of $89.28, a PE ratio of 5.39 and a beta of 1.94. Consumer Portfolio Services has a 12-month low of $3.66 and a 12-month high of $6.05.

In other Consumer Portfolio Services news, major shareholder Second Curve Capital Llc sold 8,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $4.10, for a total transaction of $32,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Curtis K. Powell sold 7,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $4.26, for a total transaction of $29,820.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,200 shares of company stock worth $284,876. 37.50% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of CPSS. Macquarie Group Ltd. purchased a new stake in shares of Consumer Portfolio Services during the third quarter valued at about $114,000. UBS Group AG lifted its position in shares of Consumer Portfolio Services by 1,213.0% during the first quarter. UBS Group AG now owns 24,882 shares of the credit services provider’s stock valued at $117,000 after buying an additional 22,987 shares during the last quarter. Hancock Holding Co. lifted its position in shares of Consumer Portfolio Services by 17.6% during the second quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock valued at $201,000 after buying an additional 6,615 shares during the last quarter. Spark Investment Management LLC lifted its position in shares of Consumer Portfolio Services by 53.2% during the second quarter. Spark Investment Management LLC now owns 61,600 shares of the credit services provider’s stock valued at $280,000 after buying an additional 21,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Consumer Portfolio Services by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 70,127 shares of the credit services provider’s stock valued at $330,000 after buying an additional 397 shares during the last quarter. Institutional investors own 48.42% of the company’s stock.

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

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