Atlanticus (NASDAQ:ATLC) Posts Earnings Results, Beats Estimates By $0.16 EPS

Atlanticus (NASDAQ:ATLC - Get Free Report) posted its quarterly earnings results on Thursday, May 8th. The credit services provider reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.16, Zacks reports. The business had revenue of $344.87 million during the quarter, compared to analysts' expectations of $347.24 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%.

Atlanticus Trading Down 4.9%

ATLC stock traded down $2.83 during mid-day trading on Thursday, reaching $54.59. The company had a trading volume of 8,184 shares, compared to its average volume of 38,449. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a 50 day moving average of $51.64 and a 200 day moving average of $53.65. Atlanticus has a 12 month low of $23.10 and a 12 month high of $64.70. The company has a market capitalization of $825.73 million, a PE ratio of 12.27 and a beta of 1.85.

Wall Street Analysts Forecast Growth

ATLC has been the subject of a number of research reports. StockNews.com cut shares of Atlanticus from a "strong-buy" rating to a "buy" rating in a report on Friday, May 9th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 price objective (up from $52.00) on shares of Atlanticus in a report on Monday. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $62.60.

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.