Consumer Portfolio Services Inc. (CPSS) Scheduled to Post Earnings on Thursday
Consumer Portfolio Services Inc. (NASDAQ:CPSS) is set to post its quarterly earnings results after the market closes on Thursday, October 13th. Analysts expect Consumer Portfolio Services to post earnings of $0.24 per share for the quarter.
Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. Consumer Portfolio Services had a net margin of 8.18% and a return on equity of 19.72%. On average, analysts expect Consumer Portfolio Services to post $0.95 EPS for the current fiscal year and $0.97 EPS for the next fiscal year.
Consumer Portfolio Services Inc. (NASDAQ:CPSS) opened at 4.32 on Wednesday. Consumer Portfolio Services Inc. has a 1-year low of $3.31 and a 1-year high of $5.81. The stock has a market cap of $103.10 million, a PE ratio of 4.06 and a beta of 0.81. The firm has a 50-day moving average of $4.17 and a 200-day moving average of $4.02.
Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Consumer Portfolio Services by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,086,237 shares of the company’s stock worth $7,865,000 after buying an additional 15,520 shares during the last quarter. Vanguard Group Inc. boosted its stake in Consumer Portfolio Services by 2.2% in the second quarter. Vanguard Group Inc. now owns 703,683 shares of the company’s stock worth $2,653,000 after buying an additional 15,049 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Consumer Portfolio Services by 6.7% in the second quarter. Parametric Portfolio Associates LLC now owns 89,137 shares of the company’s stock worth $336,000 after buying an additional 5,567 shares during the last quarter. 47.46% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on CPSS. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Consumer Portfolio Services in a report on Thursday, September 22nd. TheStreet raised shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Monday, August 15th. Zacks Investment Research downgraded shares of Consumer Portfolio Services from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Finally, Jefferies Group reissued a “buy” rating and issued a $6.00 price objective on shares of Consumer Portfolio Services in a report on Thursday, July 28th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.25.
Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.
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