Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Analysts at Jefferies Group reduced their Q3 2018 earnings per share estimates for shares of Consumer Portfolio Services in a report released on Tuesday, April 24th. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will earn $0.16 per share for the quarter, down from their previous estimate of $0.17. Jefferies Group also issued estimates for Consumer Portfolio Services’ FY2018 earnings at $0.62 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.16 EPS and FY2019 earnings at $0.77 EPS.
CPSS has been the topic of several other research reports. Zacks Investment Research upgraded Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research note on Tuesday, February 20th. ValuEngine lowered Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.
NASDAQ:CPSS opened at $3.40 on Wednesday. The company has a debt-to-equity ratio of 11.42, a quick ratio of 16.44 and a current ratio of 16.44. The company has a market capitalization of $75.89, a price-to-earnings ratio of 5.32 and a beta of 1.53. Consumer Portfolio Services has a 12-month low of $3.34 and a 12-month high of $5.21.
Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Wednesday, April 18th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.08). The business had revenue of $103.56 million during the quarter, compared to the consensus estimate of $107.94 million. Consumer Portfolio Services had a net margin of 0.56% and a return on equity of 9.17%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. PEAK6 Investments L.P. increased its stake in shares of Consumer Portfolio Services by 28.6% during the fourth quarter. PEAK6 Investments L.P. now owns 56,183 shares of the credit services provider’s stock worth $233,000 after purchasing an additional 12,500 shares during the period. Continental Advisors LLC increased its stake in shares of Consumer Portfolio Services by 7.9% during the fourth quarter. Continental Advisors LLC now owns 1,430,474 shares of the credit services provider’s stock worth $5,936,000 after purchasing an additional 104,263 shares during the period. Wells Fargo & Company MN increased its stake in shares of Consumer Portfolio Services by 433.8% during the fourth quarter. Wells Fargo & Company MN now owns 36,333 shares of the credit services provider’s stock worth $151,000 after purchasing an additional 29,526 shares during the period. Finally, Cornerstone Investment Partners LLC increased its stake in shares of Consumer Portfolio Services by 100.0% during the fourth quarter. Cornerstone Investment Partners LLC now owns 40,000 shares of the credit services provider’s stock worth $166,000 after purchasing an additional 20,000 shares during the period. Institutional investors own 47.28% of the company’s stock.
In other news, insider Chris Terry sold 90,000 shares of the stock in a transaction that occurred on Saturday, February 17th. The stock was sold at an average price of $4.13, for a total transaction of $371,700.00. Following the transaction, the insider now owns 6,349 shares in the company, valued at $26,221.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 37.50% of the stock is currently owned by company insiders.
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About Consumer Portfolio Services
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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