Medallion Financial (NASDAQ:MFIN) Releases Earnings Results, Misses Expectations By $0.03 EPS

Posted by Andrew Walz on Jul 31st, 2024

Medallion Financial (NASDAQ:MFIN – Get Free Report) issued its quarterly earnings results on Tuesday. The credit services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03), Zacks reports. Medallion Financial had a return on equity of 12.32% and a net margin of 17.96%. The business had revenue of $71.80 million during the quarter, compared to the consensus estimate of $50.39 million. During the same quarter last year, the firm posted $0.62 earnings per share.

Medallion Financial Price Performance

Medallion Financial stock traded up $0.12 during midday trading on Wednesday, hitting $8.20. The company’s stock had a trading volume of 45,882 shares, compared to its average volume of 109,240. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average price is $8.02 and its 200-day moving average price is $8.30. Medallion Financial has a 12 month low of $6.28 and a 12 month high of $10.49. The company has a market capitalization of $191.72 million, a PE ratio of 3.83 and a beta of 2.16.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Medallion Financial from a “hold” rating to a “buy” rating in a research report on Friday, July 19th.

View Our Latest Research Report on Medallion Financial

Medallion Financial Company Profile

(Get Free Report)

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.