Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Stock analysts at Jefferies Group reduced their Q3 2017 earnings estimates for Consumer Portfolio Services in a research report issued on Wednesday. Jefferies Group analyst J. Hecht now forecasts that the credit services provider will post earnings of $0.18 per share for the quarter, down from their prior forecast of $0.19. Jefferies Group also issued estimates for Consumer Portfolio Services’ Q4 2017 earnings at $0.20 EPS, FY2017 earnings at $0.70 EPS, Q1 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.19 EPS and FY2018 earnings at $0.75 EPS.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Monday, July 24th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.01. The business had revenue of $110.07 million during the quarter, compared to the consensus estimate of $110.31 million. Consumer Portfolio Services had a net margin of 5.49% and a return on equity of 12.90%. ILLEGAL ACTIVITY NOTICE: “Q3 2017 EPS Estimates for Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Cut by Analyst” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/08/07/q3-2017-eps-estimates-for-consumer-portfolio-services-inc-nasdaqcpss-cut-by-analyst-updated.html.

Separately, Zacks Investment Research lowered shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Thursday, April 20th.

Consumer Portfolio Services (CPSS) opened at 4.17 on Thursday. The company has a market capitalization of $96.50 million, a PE ratio of 4.47 and a beta of 1.72. The company has a 50-day moving average price of $4.48 and a 200 day moving average price of $4.72. Consumer Portfolio Services has a 52-week low of $3.67 and a 52-week high of $6.05.

Large investors have recently made changes to their positions in the stock. Continental Advisors LLC raised its stake in shares of Consumer Portfolio Services by 1.0% in the first quarter. Continental Advisors LLC now owns 1,036,309 shares of the credit services provider’s stock worth $4,881,000 after buying an additional 10,000 shares during the period. Renaissance Technologies LLC raised its stake in shares of Consumer Portfolio Services by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 517,900 shares of the credit services provider’s stock worth $2,652,000 after buying an additional 9,100 shares during the period. Morgan Stanley raised its stake in shares of Consumer Portfolio Services by 12.5% in the first quarter. Morgan Stanley now owns 309,162 shares of the credit services provider’s stock worth $1,456,000 after buying an additional 34,327 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Consumer Portfolio Services by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 70,127 shares of the credit services provider’s stock worth $330,000 after buying an additional 397 shares during the period. Finally, Spark Investment Management LLC raised its stake in shares of Consumer Portfolio Services by 53.2% in the second quarter. Spark Investment Management LLC now owns 61,600 shares of the credit services provider’s stock worth $280,000 after buying an additional 21,400 shares during the period. 47.46% of the stock is currently owned by hedge funds and other institutional investors.

In other Consumer Portfolio Services news, major shareholder Second Curve Capital Llc sold 10,000 shares of Consumer Portfolio Services stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $4.52, for a total value of $45,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 20,000 shares of company stock worth $90,050 over the last ninety days. Corporate insiders own 37.50% of the company’s stock.

Consumer Portfolio Services announced that its Board of Directors has authorized a share repurchase plan on Monday, July 24th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to purchase up to 9.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

About Consumer Portfolio Services

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.

Earnings History and Estimates for Consumer Portfolio Services (NASDAQ:CPSS)

Receive News & Stock Ratings for Consumer Portfolio Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consumer Portfolio Services Inc. and related stocks with our FREE daily email newsletter.