Marlin Business Services (MRLN) Announces Earnings Results, Misses Estimates By $0.06 EPS

Marlin Business Services (NASDAQ:MRLN) released its quarterly earnings results on Thursday. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06), Fidelity Earnings reports. The business had revenue of $23.96 million during the quarter, compared to analyst estimates of $24.10 million. Marlin Business Services had a return on equity of 13.24% and a net margin of 19.99%.

NASDAQ MRLN traded up $0.51 during trading hours on Friday, reaching $21.52. The company’s stock had a trading volume of 9,270 shares, compared to its average volume of 17,181. The stock has a market capitalization of $266.87 million, a price-to-earnings ratio of 10.55 and a beta of 1.02. Marlin Business Services has a 1-year low of $17.51 and a 1-year high of $31.95. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.76.

A number of research firms recently weighed in on MRLN. ValuEngine cut Marlin Business Services from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Zacks Investment Research raised Marlin Business Services from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, February 7th. Finally, BidaskClub raised Marlin Business Services from a “strong sell” rating to a “sell” rating in a report on Friday, April 5th.

An institutional investor recently raised its position in Marlin Business Services stock. Geode Capital Management LLC increased its holdings in Marlin Business Services Corp. (NASDAQ:MRLN) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 145,326 shares of the financial services provider’s stock after purchasing an additional 3,426 shares during the quarter. Geode Capital Management LLC owned 1.17% of Marlin Business Services worth $3,244,000 at the end of the most recent reporting period. 84.99% of the stock is owned by hedge funds and other institutional investors.

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About Marlin Business Services

Marlin Business Services Corp., through its subsidiaries, provides equipment financing solutions to small and mid-sized businesses in the United States. It finances approximately 100 categories of equipment, including commercial and industrial, restaurant, auto, medical, VOIP, and printing equipment, as well as computer software, copiers, cash registers, dental implant systems, and other commercial equipment.

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Earnings History for Marlin Business Services (NASDAQ:MRLN)

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