Atlanticus (ATLC) to Release Quarterly Earnings on Friday

Atlanticus (NASDAQ:ATLC - Get Free Report) is projected to post its Q4 2024 quarterly earnings results before the market opens on Friday, May 9th. Analysts expect the company to announce earnings of $1.33 per share and revenue of $347.24 million for the quarter.

Atlanticus (NASDAQ:ATLC - Get Free Report) last posted its earnings results on Thursday, March 13th. The credit services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.19. The firm had revenue of $353.19 million during the quarter, compared to the consensus estimate of $355.02 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. On average, analysts expect Atlanticus to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Atlanticus Stock Down 1.9 %

ATLC opened at $53.80 on Friday. The company has a 50 day moving average of $50.81 and a 200 day moving average of $52.47. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus has a 12 month low of $23.10 and a 12 month high of $64.70. The company has a market cap of $813.08 million, a PE ratio of 12.09 and a beta of 2.16.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. B. Riley upgraded Atlanticus to a "strong-buy" rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $52.00 price target (up from $45.00) on shares of Atlanticus in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $61.00.

Atlanticus Company Profile

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.

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