Consumer Portfolio Services (CPSS) Earns News Sentiment Score of 0.28
Media coverage about Consumer Portfolio Services (NASDAQ:CPSS) has been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Consumer Portfolio Services earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave media headlines about the credit services provider an impact score of 44.6854131980992 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
CPSS has been the topic of several recent analyst reports. Zacks Investment Research upgraded Consumer Portfolio Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 20th. Jefferies Group LLC reiterated a “buy” rating and set a $6.00 target price on shares of Consumer Portfolio Services in a report on Thursday, September 7th.
Consumer Portfolio Services (NASDAQ:CPSS) traded down 3.59% on Friday, reaching $4.56. The company’s stock had a trading volume of 44,497 shares. The company has a market cap of $103.66 million, a P/E ratio of 5.43 and a beta of 1.63. Consumer Portfolio Services has a 12 month low of $3.66 and a 12 month high of $6.05. The stock’s 50 day moving average price is $4.03 and its 200 day moving average price is $4.45.
Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings data on Monday, July 24th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The company had revenue of $110.07 million for the quarter, compared to the consensus estimate of $110.31 million. Consumer Portfolio Services had a return on equity of 12.76% and a net margin of 5.49%. Equities research analysts forecast that Consumer Portfolio Services will post $0.69 earnings per share for the current year.
Consumer Portfolio Services declared that its Board of Directors has authorized a stock buyback plan on Monday, July 24th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 9.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
In related news, major shareholder Second Curve Capital Llc sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $3.98, for a total value of $59,700.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 35,000 shares of company stock worth $138,750. 37.50% of the stock is owned by insiders.
About Consumer Portfolio Services
Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.
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