Consumer Portfolio Services (NASDAQ:CPSS) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Consumer Portfolio Services (NASDAQ:CPSS) announced its earnings results on Tuesday. The credit services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06), Zacks reports. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%.

Consumer Portfolio Services Stock Performance

NASDAQ CPSS traded down $0.11 during midday trading on Tuesday, hitting $10.15. The company had a trading volume of 15,185 shares, compared to its average volume of 26,619. The firm has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $10.19. Consumer Portfolio Services has a fifty-two week low of $7.03 and a fifty-two week high of $12.73. The company has a quick ratio of 19.16, a current ratio of 19.17 and a debt-to-equity ratio of 10.52. The stock has a market cap of $217.26 million, a price-to-earnings ratio of 11.67 and a beta of 1.98.

Insider Activity

In related news, Director William B. Roberts sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $10.45, for a total transaction of $156,750.00. Following the transaction, the director now directly owns 700,078 shares in the company, valued at $7,315,815.10. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP April Crisp sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $11.15, for a total value of $27,875.00. Following the completion of the sale, the vice president now owns 17,212 shares of the company’s stock, valued at $191,913.80. This represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,775 shares of company stock valued at $290,749. Insiders own 69.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of 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.