Analysts expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to announce sales of $85.18 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Consumer Portfolio Services’ earnings, with the highest sales estimate coming in at $85.95 million and the lowest estimate coming in at $84.41 million. Consumer Portfolio Services posted sales of $91.22 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.6%. The company is expected to announce its next earnings results on Tuesday, February 11th.
According to Zacks, analysts expect that Consumer Portfolio Services will report full year sales of $345.26 million for the current fiscal year, with estimates ranging from $344.49 million to $346.03 million. For the next fiscal year, analysts expect that the company will post sales of $325.01 million, with estimates ranging from $303.51 million to $346.51 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Consumer Portfolio Services.
Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $85.52 million for the quarter, compared to the consensus estimate of $84.61 million. Consumer Portfolio Services had a return on equity of 4.32% and a net margin of 3.05%.
Shares of CPSS traded down $0.02 during mid-day trading on Friday, reaching $3.47. The company’s stock had a trading volume of 27,600 shares, compared to its average volume of 28,971. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 10.46. Consumer Portfolio Services has a 1-year low of $2.99 and a 1-year high of $4.65. The business has a 50-day simple moving average of $3.40 and a two-hundred day simple moving average of $3.54. The stock has a market cap of $77.28 million, a P/E ratio of 6.86 and a beta of 1.52.
In other news, Director Greg Washer sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $3.42, for a total transaction of $136,800.00. Following the completion of the sale, the director now owns 290,444 shares in the company, valued at approximately $993,318.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 46.00% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System grew its stake in shares of Consumer Portfolio Services by 5.8% in the third quarter. California Public Employees Retirement System now owns 118,000 shares of the credit services provider’s stock valued at $424,000 after acquiring an additional 6,500 shares in the last quarter. Renaissance Technologies LLC raised its stake in Consumer Portfolio Services by 8.1% in the second quarter. Renaissance Technologies LLC now owns 352,909 shares of the credit services provider’s stock valued at $1,341,000 after purchasing an additional 26,302 shares in the last quarter. Vanguard Group Inc. raised its stake in Consumer Portfolio Services by 4.4% in the second quarter. Vanguard Group Inc. now owns 658,270 shares of the credit services provider’s stock valued at $2,501,000 after purchasing an additional 28,006 shares in the last quarter. BlackRock Inc. lifted its position in Consumer Portfolio Services by 18.1% during the second quarter. BlackRock Inc. now owns 759,535 shares of the credit services provider’s stock worth $2,887,000 after purchasing an additional 116,290 shares during the period. Finally, Black Diamond Capital Management L.L.C. lifted its position in Consumer Portfolio Services by 490.6% during the second quarter. Black Diamond Capital Management L.L.C. now owns 2,766,706 shares of the credit services provider’s stock worth $10,513,000 after purchasing an additional 2,298,242 shares during the period. 47.67% of the stock is currently owned by institutional investors.
Consumer Portfolio Services Company Profile
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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