Zacks: Brokerages Anticipate Consumer Portfolio Services, Inc. (CPSS) to Announce $0.16 Earnings Per Share

Equities analysts expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to announce $0.16 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Consumer Portfolio Services’ earnings. Consumer Portfolio Services reported earnings per share of $0.26 in the same quarter last year, which would indicate a negative year-over-year growth rate of 38.5%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Consumer Portfolio Services will report full-year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.66. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.78 per share, with EPS estimates ranging from $0.76 to $0.79. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Consumer Portfolio Services.

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

Several equities analysts have recently commented on the stock. TheStreet cut shares of Consumer Portfolio Services from a “c” rating to a “d” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th.

In other Consumer Portfolio Services news, Director Daniel S. Wood sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $4.32, for a total value of $43,200.00. Following the transaction, the director now owns 167,565 shares of the company’s stock, valued at $723,880.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Second Curve Capital Llc sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $4.10, for a total transaction of $32,800.00. The disclosure for this sale can be found here. Insiders sold 235,100 shares of company stock worth $989,660 in the last three months. 37.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Continental Advisors LLC lifted its holdings in Consumer Portfolio Services by 21.2% in the third quarter. Continental Advisors LLC now owns 1,326,211 shares of the credit services provider’s stock worth $6,048,000 after acquiring an additional 232,055 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Consumer Portfolio Services by 0.9% in the second quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock worth $3,461,000 after acquiring an additional 6,530 shares during the last quarter. Numeric Investors LLC lifted its holdings in Consumer Portfolio Services by 0.5% in the second quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock worth $1,110,000 after acquiring an additional 1,329 shares during the last quarter. Hancock Holding Co. lifted its holdings in Consumer Portfolio Services by 17.6% in the second quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock worth $201,000 after acquiring an additional 6,615 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new position in Consumer Portfolio Services in the third quarter worth about $114,000. 48.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Consumer Portfolio Services (NASDAQ CPSS) traded up $0.01 during mid-day trading on Thursday, hitting $4.10. 3,916 shares of the stock traded hands, compared to its average volume of 26,108. The company has a quick ratio of 17.19, a current ratio of 17.19 and a debt-to-equity ratio of 10.89. Consumer Portfolio Services has a twelve month low of $3.66 and a twelve month high of $5.69. The company has a market capitalization of $89.28, a PE ratio of 5.39 and a beta of 1.92.

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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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