Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) posted its quarterly earnings results on Monday. The credit services provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.11), Zacks reports. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%. The business had revenue of $106.87 million during the quarter, compared to analysts' expectations of $109.99 million.
Consumer Portfolio Services Price Performance
Shares of CPSS stock traded down $0.24 during trading hours on Friday, hitting $8.85. The stock had a trading volume of 16,772 shares, compared to its average volume of 31,281. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. The stock has a market capitalization of $190.81 million, a price-to-earnings ratio of 10.17 and a beta of 0.93. Consumer Portfolio Services has a one year low of $7.03 and a one year high of $12.73. The stock's 50-day moving average price is $8.87 and its two-hundred day moving average price is $10.10.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Consumer Portfolio Services from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 8th.
Get Our Latest Research Report on CPSS
Insider Buying and Selling at Consumer Portfolio Services
In related news, Director William B. Roberts sold 4,176 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $9.25, for a total value of $38,628.00. Following the completion of the transaction, the director now owns 685,702 shares of the company's stock, valued at approximately $6,342,743.50. This trade represents a 0.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 11,169 shares of company stock worth $104,459 in the last quarter. 69.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Consumer Portfolio Services
A hedge fund recently raised its stake in Consumer Portfolio Services stock. Goldman Sachs Group Inc. increased its stake in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 31,752 shares of the credit services provider's stock after purchasing an additional 4,789 shares during the quarter. Goldman Sachs Group Inc. owned 0.15% of Consumer Portfolio Services worth $275,000 at the end of the most recent quarter. Institutional investors own 47.57% of the company's stock.
About Consumer Portfolio Services
(
Get Free Report)
Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans.
Featured Stories
Before you consider Consumer Portfolio Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Consumer Portfolio Services wasn't on the list.
While Consumer Portfolio Services currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
