Medallion Financial (MFIN) Set to Announce Earnings on Tuesday

Medallion Financial (NASDAQ:MFIN - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last announced its earnings results on Tuesday, February 20th. The credit services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). Medallion Financial had a return on equity of 14.02% and a net margin of 20.99%. The business had revenue of $52.01 million for the quarter, compared to analyst estimates of $54.89 million. On average, analysts expect Medallion Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Medallion Financial Price Performance

Shares of MFIN traded up $0.12 during trading hours on Wednesday, hitting $8.28. 48,317 shares of the stock were exchanged, compared to its average volume of 101,081. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.20 and a current ratio of 1.20. Medallion Financial has a 12-month low of $5.64 and a 12-month high of $10.49. The company has a market cap of $194.41 million, a price-to-earnings ratio of 3.49 and a beta of 2.06. The stock's 50-day moving average price is $8.03 and its two-hundred day moving average price is $8.65.

Medallion Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Thursday, March 14th. Medallion Financial's payout ratio is 16.88%.

Analysts Set New Price Targets

Separately, StockNews.com cut Medallion Financial from a "buy" rating to a "hold" rating in a research report on Friday, April 12th.

Medallion Financial Company Profile

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.