Atlanticus (NASDAQ:ATLC - Get Free Report) posted its quarterly earnings results on Thursday. The credit services provider reported $1.49 EPS for the quarter, beating the consensus estimate of $1.33 by $0.16, Zacks reports. The company had revenue of $344.87 million for the quarter, compared to analyst estimates of $347.24 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%.
Atlanticus Price Performance
Atlanticus stock traded down $0.91 during trading on Friday, reaching $54.87. The company had a trading volume of 39,636 shares, compared to its average volume of 37,823. The firm has a market capitalization of $829.25 million, a PE ratio of 12.33 and a beta of 1.85. The firm's 50-day simple moving average is $51.02 and its 200 day simple moving average is $53.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. Atlanticus has a 1-year low of $23.10 and a 1-year high of $64.70.
Wall Street Analysts Forecast Growth
ATLC has been the topic of a number of recent research reports. StockNews.com downgraded Atlanticus from a "strong-buy" rating to a "buy" rating in a research note on Friday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $52.00 price objective (up previously from $45.00) on shares of Atlanticus in a research note on Monday, March 17th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $61.00.
Get Our Latest Analysis on ATLC
About Atlanticus
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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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