Zacks: Brokerages Anticipate Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Will Post Earnings of $0.09 Per Share

Brokerages expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to report earnings per share (EPS) of $0.09 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Consumer Portfolio Services’ earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.10. Consumer Portfolio Services reported earnings of $0.13 per share in the same quarter last year, which would indicate a negative year over year growth rate of 30.8%. The company is expected to issue its next quarterly earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that Consumer Portfolio Services will report full year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from $0.31 to $0.45. For the next year, analysts forecast that the business will report earnings of $0.65 per share, with EPS estimates ranging from $0.60 to $0.69. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Consumer Portfolio Services.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings data on Thursday, April 18th. The credit services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). 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 for the quarter, compared to analysts’ expectations of $93.65 million.

A number of research firms have recently weighed in on CPSS. Zacks Investment Research lowered Consumer Portfolio Services from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. ValuEngine upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th.

Shares of Consumer Portfolio Services stock traded up $0.03 during trading hours on Friday, reaching $3.58. 24,056 shares of the company were exchanged, compared to its average volume of 21,928. Consumer Portfolio Services has a 1 year low of $2.99 and a 1 year high of $4.65. The company has a current ratio of 14.18, a quick ratio of 14.18 and a debt-to-equity ratio of 10.91. The firm has a market capitalization of $78.63 million, a P/E ratio of 7.72 and a beta of 1.49.

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in shares of Consumer Portfolio Services by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,820,411 shares of the credit services provider’s stock worth $6,353,000 after purchasing an additional 21,315 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Consumer Portfolio Services by 1.0% during the third quarter. Vanguard Group Inc now owns 746,868 shares of the credit services provider’s stock worth $2,764,000 after purchasing an additional 7,067 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Consumer Portfolio Services by 20.9% during the first quarter. Renaissance Technologies LLC now owns 326,607 shares of the credit services provider’s stock worth $1,140,000 after purchasing an additional 56,500 shares in the last quarter. Barclays PLC grew its stake in shares of Consumer Portfolio Services by 18.6% during the fourth quarter. Barclays PLC now owns 34,850 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 5,476 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Consumer Portfolio Services by 52.5% during the first quarter. Acadian Asset Management LLC now owns 25,668 shares of the credit services provider’s stock worth $90,000 after purchasing an additional 8,841 shares in the last quarter. Hedge funds and other institutional investors own 48.06% of the company’s stock.

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 and Estimates for Consumer Portfolio Services (NASDAQ:CPSS)

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