Consumer Portfolio Services (CPSS) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Consumer Portfolio Services (NASDAQ:CPSS) announced its quarterly earnings results on Wednesday. The credit services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03, Bloomberg Earnings reports. Consumer Portfolio Services had a net margin of 4.87% and a return on equity of 11.09%.

Shares of Consumer Portfolio Services (CPSS) opened at $4.03 on Thursday. Consumer Portfolio Services has a 1 year low of $3.66 and a 1 year high of $5.69. The firm has a market cap of $88.63, a price-to-earnings ratio of 5.36 and a beta of 1.73. The company has a debt-to-equity ratio of 10.89, a current ratio of 17.19 and a quick ratio of 17.19.

In other Consumer Portfolio Services news, insider Curtis K. Powell sold 8,100 shares of Consumer Portfolio Services stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $4.27, for a total transaction of $34,587.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel S. Wood sold 10,000 shares of Consumer Portfolio Services stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $4.32, for a total transaction of $43,200.00. Following the transaction, the director now directly owns 167,565 shares of the company’s stock, valued at $723,880.80. The disclosure for this sale can be found here. Insiders sold 195,000 shares of company stock worth $823,241 in the last 90 days. 37.50% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in 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 cut shares of Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th.

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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.

Earnings History for Consumer Portfolio Services (NASDAQ:CPSS)

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