Consumer Portfolio Services (NASDAQ:CPSS) announced its quarterly earnings results on Wednesday. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01, Fidelity Earnings reports. The business had revenue of $95.63 million during the quarter, compared to the consensus estimate of $98.81 million. Consumer Portfolio Services had a negative net margin of 0.11% and a positive return on equity of 7.81%.
NASDAQ:CPSS opened at $3.56 on Friday. The company has a quick ratio of 14.18, a current ratio of 14.18 and a debt-to-equity ratio of 11.00. Consumer Portfolio Services has a twelve month low of $3.18 and a twelve month high of $4.70. The stock has a market cap of $83.53 million, a price-to-earnings ratio of 6.28 and a beta of 1.72.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Monday, September 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a $5.00 price target on shares of Consumer Portfolio Services in a report on Thursday, July 26th. Finally, ValuEngine upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $5.08.
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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