Consumer Portfolio Services (NASDAQ:CPSS) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Consumer Portfolio Services (NASDAQ:CPSS) issued its quarterly earnings results on Thursday, April 18th. The credit services provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.09), Bloomberg Earnings reports. Consumer Portfolio Services had a return on equity of 5.84% and a net margin of 3.59%. The company had revenue of $88.23 million during the quarter, compared to analysts’ expectations of $93.65 million.

Consumer Portfolio Services stock opened at $3.59 on Friday. Consumer Portfolio Services has a 52-week low of $2.99 and a 52-week high of $4.65. The firm has a market cap of $79.45 million, a PE ratio of 7.04 and a beta of 1.55. The company has a quick ratio of 14.27, a current ratio of 14.18 and a debt-to-equity ratio of 10.91.

CPSS has been the subject of a number of research reports. Zacks Investment Research raised shares of Consumer Portfolio Services from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a report on Friday, February 15th. ValuEngine lowered shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Monday, April 1st.

In other news, Director Brian Rayhill sold 24,500 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $4.20, for a total transaction of $102,900.00. Following the completion of the sale, the director now owns 52,337 shares of the company’s stock, valued at $219,815.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 46.20% of the stock is owned by corporate 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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Earnings History for Consumer Portfolio Services (NASDAQ:CPSS)

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