OppFi (NYSE:OPFI - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.580-0.620 for the period, compared to the consensus EPS estimate of 0.550. The company issued revenue guidance of $510.0 million-$530.0 million, compared to the consensus revenue estimate of $520.1 million.
Analysts Set New Price Targets
Separately, JMP Securities reiterated a market outperform rating and set a $5.00 price target on shares of OppFi in a research report on Wednesday, April 17th.
View Our Latest Analysis on OPFI
OppFi Stock Up 11.9 %
Shares of OppFi stock traded up $0.32 during trading hours on Wednesday, reaching $3.02. 543,865 shares of the company's stock were exchanged, compared to its average volume of 316,957. The business has a fifty day moving average of $2.81 and a two-hundred day moving average of $3.33. The company has a market capitalization of $334.98 million, a P/E ratio of -150.92 and a beta of 1.12. OppFi has a 1 year low of $1.91 and a 1 year high of $5.34.
OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $132.92 million during the quarter, compared to analysts' expectations of $133.49 million. OppFi had a positive return on equity of 23.92% and a negative net margin of 0.20%. During the same quarter last year, the firm earned ($0.19) earnings per share. As a group, research analysts predict that OppFi will post 0.55 EPS for the current year.
OppFi Dividend Announcement
The business also recently declared a dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, April 19th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 18th.
OppFi Company Profile
(
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OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.
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