$110.31 Million in Sales Expected for Consumer Portfolio Services, Inc. (CPSS) This Quarter
Equities research analysts expect that Consumer Portfolio Services, Inc. (NASDAQ:CPSS) will post $110.31 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Consumer Portfolio Services’ earnings, with the lowest sales estimate coming in at $108.52 million and the highest estimate coming in at $112.09 million. Consumer Portfolio Services reported sales of $108.18 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2%. The business is scheduled to announce its next earnings report on Tuesday, February 13th.
On average, analysts expect that Consumer Portfolio Services will report full-year sales of $110.31 million for the current financial year, with estimates ranging from $435.68 million to $439.24 million. For the next financial year, analysts anticipate that the company will post sales of $437.85 million per share, with estimates ranging from $419.26 million to $456.43 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Consumer Portfolio Services.
Consumer Portfolio Services (NASDAQ:CPSS) last posted its earnings results on Monday, October 23rd. The credit services provider reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $109.49 million during 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%.
In other Consumer Portfolio Services news, Director Daniel S. Wood sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $4.32, for a total transaction of $43,200.00. Following the completion of the sale, the director now owns 167,565 shares of the company’s stock, valued at approximately $723,880.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Second Curve Capital Llc sold 150,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $4.21, for a total transaction of $631,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 235,100 shares of company stock valued at $989,660. 37.50% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Continental Advisors LLC grew its position in shares of Consumer Portfolio Services by 21.2% during the 3rd quarter. Continental Advisors LLC now owns 1,326,211 shares of the credit services provider’s stock worth $6,048,000 after buying an additional 232,055 shares during the period. Macquarie Group Ltd. bought a new position in shares of Consumer Portfolio Services in the 3rd quarter worth $114,000. Hancock Holding Co. lifted its holdings in shares of Consumer Portfolio Services by 17.6% in the 2nd quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock worth $201,000 after purchasing an additional 6,615 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Consumer Portfolio Services by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock worth $3,461,000 after purchasing an additional 6,530 shares in the last quarter. Finally, Numeric Investors LLC lifted its holdings in shares of Consumer Portfolio Services by 0.5% in the 2nd quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock worth $1,110,000 after purchasing an additional 1,329 shares in the last quarter. 48.35% of the stock is owned by institutional investors and hedge funds.
Consumer Portfolio Services (NASDAQ:CPSS) traded down $0.05 during mid-day trading on Thursday, hitting $4.10. 12,264 shares of the stock were exchanged, compared to its average volume of 42,021. The company has a market capitalization of $90.80, a PE ratio of 5.39 and a beta of 1.92. The company has a debt-to-equity ratio of 10.89, a current ratio of 17.19 and a quick ratio of 17.19. Consumer Portfolio Services has a 52-week low of $3.66 and a 52-week high of $5.69.
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Consumer Portfolio Services Company Profile
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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