Equities research analysts expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to report earnings of $0.26 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Consumer Portfolio Services’ earnings, with estimates ranging from $0.20 to $0.31. Consumer Portfolio Services reported earnings per share of $0.08 during the same quarter last year, which would suggest a positive year-over-year growth rate of 225%. The company is scheduled to report its next earnings results on Wednesday, July 22nd.

According to Zacks, analysts expect that Consumer Portfolio Services will report full year earnings of $0.65 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $0.71 per share, with EPS estimates ranging from $0.61 to $0.81. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Consumer Portfolio Services.

Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Wednesday, April 15th. The credit services provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.07). The firm had revenue of $70.77 million for the quarter, compared to the consensus estimate of $81.36 million. Consumer Portfolio Services had a return on equity of 3.11% and a net margin of 4.40%.

CPSS has been the topic of several research reports. Zacks Investment Research cut Consumer Portfolio Services from a “buy” rating to a “hold” rating in a report on Monday, May 4th. JMP Securities reduced their price target on Consumer Portfolio Services from $6.00 to $3.00 and set a “market outperform” rating on the stock in a report on Friday, April 3rd. Finally, ValuEngine cut Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd.

An institutional investor recently raised its position in Consumer Portfolio Services stock. People s United Financial Inc. increased its stake in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 59.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,650 shares of the credit services provider’s stock after acquiring an additional 25,500 shares during the quarter. People s United Financial Inc. owned about 0.30% of Consumer Portfolio Services worth $93,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 50.04% of the company’s stock.

Shares of NASDAQ:CPSS traded up $0.08 during midday trading on Friday, hitting $2.44. 5,846 shares of the stock were exchanged, compared to its average volume of 29,051. The stock has a market capitalization of $62.73 million, a price-to-earnings ratio of 4.00 and a beta of 2.85. The company has a debt-to-equity ratio of 17.68, a quick ratio of 11.87 and a current ratio of 11.88. The business’s 50-day moving average price is $2.14 and its 200 day moving average price is $3.06. Consumer Portfolio Services has a 12 month low of $1.00 and a 12 month high of $4.30.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.

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

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