Equities analysts forecast that Medallion Financial Corp (NASDAQ:MFIN) will report sales of $31.09 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Medallion Financial’s earnings. The lowest sales estimate is $31.05 million and the highest is $31.13 million. Medallion Financial reported sales of $2.02 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1,439.1%. The company is scheduled to announce its next earnings report on Tuesday, November 6th.
On average, analysts expect that Medallion Financial will report full-year sales of $111.74 million for the current year. For the next year, analysts forecast that the company will report sales of $133.71 million, with estimates ranging from $122.73 million to $144.70 million. Zacks’ sales averages are an average based on a survey of analysts that follow Medallion Financial.
Medallion Financial (NASDAQ:MFIN) last released its earnings results on Tuesday, August 14th. The credit services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Medallion Financial had a negative net margin of 47.96% and a negative return on equity of 8.25%. The firm had revenue of $29.60 million during the quarter.
MFIN has been the topic of several research reports. Zacks Investment Research raised Medallion Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 18th. ValuEngine downgraded Medallion Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, B. Riley started coverage on Medallion Financial in a research report on Friday, September 7th. They set a “buy” rating and a $10.00 price target on the stock. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $8.33.
A hedge fund recently raised its stake in Medallion Financial stock. Ridgewood Investments LLC increased its holdings in shares of Medallion Financial Corp (NASDAQ:MFIN) by 63.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,948 shares of the credit services provider’s stock after acquiring an additional 12,458 shares during the period. Ridgewood Investments LLC owned approximately 0.13% of Medallion Financial worth $212,000 as of its most recent SEC filing. 17.33% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ MFIN opened at $6.80 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. Medallion Financial has a 1 year low of $2.09 and a 1 year high of $7.25. The firm has a market capitalization of $153.48 million, a P/E ratio of 21.94 and a beta of 1.79.
Medallion Financial Company Profile
Medallion Financial Corp., through with its subsidiaries, operates as a specialty finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.
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