Medallion Financial (NASDAQ:MFIN) Releases Earnings Results, Misses Expectations By $0.22 EPS

Key Points

• Medallion Financial reported quarterly EPS of $0.10, missing the $0.32 analyst consensus by $0.22. Revenue was $88.89 million, well above expectations of $63.54 million.
• Shares rose $0.14 to $11.66 during Thursday trading. The company reported a 7.11% return on equity and a 9.25% net margin.
• Analyst sentiment remains cautious: four analysts rate the stock Hold and one rates it Sell, producing a consensus “Reduce” rating and a $12.62 price target.

Medallion Financial (NASDAQ:MFIN - Get Free Report) issued its quarterly earnings data on Thursday. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.22), FiscalAI reports. Medallion Financial had a return on equity of 7.11% and a net margin of 9.25%. The firm had revenue of $88.89 million during the quarter, compared to analysts' expectations of $63.54 million.

Medallion Financial Price Performance

MFIN traded up $0.14 during midday trading on Thursday, hitting $11.66. The stock had a trading volume of 45,984 shares, compared to its average volume of 65,814. The company has a market cap of $267.71 million, a P/E ratio of 8.77 and a beta of 0.79. Medallion Financial has a 1 year low of $7.85 and a 1 year high of $12.26. The business has a fifty day moving average of $11.75 and a 200 day moving average of $10.28. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.21 and a current ratio of 1.22.

Wall Street Analysts Forecast Growth

MFIN has been the topic of several recent research reports. Piper Sandler reaffirmed a "neutral" rating and set a $12.00 target price (up from $10.50) on shares of Medallion Financial in a research note on Friday, October 2nd. UBS Group reissued a "neutral" rating on shares of Medallion Financial in a research note on Friday, October 2nd. Northland Securities set a $13.25 price objective on shares of Medallion Financial in a research note on Wednesday, October 14th. Weiss Ratings raised shares of Medallion Financial from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, October 14th. Finally, Zacks Research lowered shares of Medallion Financial from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, October 5th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $12.62.

About Medallion Financial

Medallion Financial Corp. is a specialty finance company that originates and services loans for taxi medallion owners and operators. Its lending activities have historically focused on financing the purchase and refinancing of taxi medallions, as well as providing loans secured by related commercial assets.

Through its subsidiaries, including Medallion Bank, the company also participates in consumer and commercial lending. Medallion Bank has offered financing for recreational vehicles, boats, home-improvement projects and other consumer purchases, while the company's broader lending operations serve small businesses and transportation-related borrowers.

Founded in 1995 and headquartered in New York, Medallion Financial has built its business around specialized lending markets that are often served by fewer traditional financial institutions.

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