Consumer Portfolio Services Inc. (CPSS) Announces Earnings Results, Beats Estimates By $0.02 EPS
Consumer Portfolio Services Inc. (NASDAQ:CPSS) issued its quarterly earnings data on Thursday. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Consumer Portfolio Services had a net margin of 8.18% and a return on equity of 19.72%.
Shares of Consumer Portfolio Services (NASDAQ:CPSS) traded up 1.70% during midday trading on Monday, hitting $4.79. 55,856 shares of the stock were exchanged. Consumer Portfolio Services has a 12 month low of $3.31 and a 12 month high of $5.57. The company has a market cap of $114.31 million, a PE ratio of 4.51 and a beta of 0.81. The stock has a 50 day moving average price of $4.22 and a 200-day moving average price of $4.03.
Several equities analysts have issued reports on the stock. 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 raised shares of Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a report on Friday, July 29th. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Consumer Portfolio Services in a report on Thursday, September 22nd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $6.00 price target on shares of Consumer Portfolio Services in a report on Thursday, July 28th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.25.
Several large investors have recently made changes to their positions in CPSS. Parametric Portfolio Associates LLC raised its stake in shares of 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. Vanguard Group Inc. increased its position 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 period. Finally, Dimensional Fund Advisors LP increased its position 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 period. Institutional investors and hedge funds own 47.38% of the company’s stock.
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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