Brokerages expect that Medallion Financial Corp (NASDAQ:MFIN) will announce sales of $26.70 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Medallion Financial’s earnings, with the highest sales estimate coming in at $28.35 million and the lowest estimate coming in at $25.06 million. Medallion Financial reported sales of $540,000.00 during the same quarter last year, which would suggest a positive year over year growth rate of 4,844.4%. The company is scheduled to issue its next earnings report on Monday, May 13th.
On average, analysts expect that Medallion Financial will report full-year sales of $129.26 million for the current year, with estimates ranging from $122.69 million to $135.84 million. For the next year, analysts anticipate that the company will report sales of $165.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Medallion Financial.
Medallion Financial (NASDAQ:MFIN) last released its quarterly earnings results on Wednesday, February 27th. The credit services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.33. The company had revenue of $50.63 million during the quarter, compared to analysts’ expectations of $26.37 million. Medallion Financial had a negative net margin of 17.53% and a negative return on equity of 4.75%.
Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC grew its position in Medallion Financial by 92.8% in the 3rd quarter. Virtu Financial LLC now owns 19,866 shares of the credit services provider’s stock valued at $132,000 after acquiring an additional 9,561 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Medallion Financial by 93.6% in the fourth quarter. Deutsche Bank AG now owns 35,685 shares of the credit services provider’s stock valued at $166,000 after buying an additional 17,255 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Medallion Financial in the fourth quarter valued at $234,000. B. Riley Financial Inc. acquired a new stake in shares of Medallion Financial in the third quarter valued at $665,000. Finally, Seacliff Capital LLC acquired a new stake in shares of Medallion Financial in the fourth quarter valued at $528,000. 15.64% of the stock is owned by hedge funds and other institutional investors.
Shares of Medallion Financial stock traded up $0.14 on Friday, hitting $7.02. The company had a trading volume of 113,020 shares, compared to its average volume of 91,239. The stock has a market capitalization of $167.10 million, a PE ratio of -13.00 and a beta of 1.74. Medallion Financial has a twelve month low of $3.59 and a twelve month high of $7.29. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55.
About Medallion Financial
Medallion Financial Corp., through with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.
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