Atlanticus (NASDAQ:ATLC) Announces Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Atlanticus (NASDAQ:ATLC) announced its quarterly earnings data on Thursday. The credit services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.19, Zacks reports. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The business had revenue of $353.19 million for the quarter, compared to analysts’ expectations of $355.02 million.

Atlanticus Stock Performance

Shares of ATLC opened at $48.64 on Friday. Atlanticus has a 12 month low of $23.09 and a 12 month high of $64.70. The business’s fifty day simple moving average is $55.55 and its two-hundred day simple moving average is $48.19. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The company has a market cap of $716.90 million, a price-to-earnings ratio of 10.93 and a beta of 2.16.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ATLC shares. B. Riley upgraded Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th. JMP Securities raised their price target on Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $57.20.

About Atlanticus

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.