$95.43 Million in Sales Expected for Consumer Portfolio Services, Inc. (CPSS) This Quarter
Brokerages expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to announce $95.43 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Consumer Portfolio Services’ earnings, with the highest sales estimate coming in at $99.11 million and the lowest estimate coming in at $91.74 million. Consumer Portfolio Services reported sales of $107.23 million in the same quarter last year, which indicates a negative year over year growth rate of 11%. The company is expected to issue its next earnings report on Wednesday, February 13th.
According to Zacks, analysts expect that Consumer Portfolio Services will report full year sales of $393.98 million for the current financial year, with estimates ranging from $390.29 million to $397.67 million. For the next year, analysts forecast that the business will report sales of $365.92 million, with estimates ranging from $345.07 million to $386.76 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Consumer Portfolio Services.
Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings data on Wednesday, October 17th. The credit services provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $95.63 million for the quarter, compared to analyst estimates of $98.81 million. Consumer Portfolio Services had a positive return on equity of 7.76% and a negative net margin of 0.11%.
A hedge fund recently raised its stake in Consumer Portfolio Services stock. Continental Advisors LLC increased its position in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,492,251 shares of the credit services provider’s stock after buying an additional 61,777 shares during the quarter. Consumer Portfolio Services accounts for 1.5% of Continental Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Continental Advisors LLC owned approximately 6.50% of Consumer Portfolio Services worth $6,073,000 as of its most recent filing with the Securities & Exchange Commission. 49.85% of the stock is owned by institutional investors.
Consumer Portfolio Services stock opened at $3.54 on Friday. The company has a debt-to-equity ratio of 10.87, a quick ratio of 14.60 and a current ratio of 14.60. The stock has a market capitalization of $80.87 million, a PE ratio of 4.43 and a beta of 1.31. Consumer Portfolio Services has a 52 week low of $3.18 and a 52 week high of $4.70.
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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