Marlin Business Services (NASDAQ:MRLN) Updates FY 2019 Earnings Guidance

Marlin Business Services (NASDAQ:MRLN) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $2.30-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.32.

Several research firms recently weighed in on MRLN. ValuEngine upgraded shares of Marlin Business Services from a strong sell rating to a sell rating in a research note on Saturday, May 18th. BidaskClub cut shares of Marlin Business Services from a hold rating to a sell rating in a research note on Tuesday, July 16th.

MRLN traded up $0.47 during midday trading on Friday, reaching $23.66. 8,917 shares of the company’s stock were exchanged, compared to its average volume of 8,991. The company has a market cap of $292.20 million, a price-to-earnings ratio of 11.60 and a beta of 0.95. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.69. Marlin Business Services has a one year low of $17.51 and a one year high of $30.60. The company’s 50-day moving average is $23.27.

Marlin Business Services (NASDAQ:MRLN) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $24.18 million during the quarter, compared to analysts’ expectations of $25.30 million. Marlin Business Services had a net margin of 17.77% and a return on equity of 12.33%. Analysts predict that Marlin Business Services will post 2.31 EPS for the current fiscal year.

In other Marlin Business Services news, SVP James Sherlock sold 2,231 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $23.00, for a total transaction of $51,313.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Edward Ralph Jr. Dietz sold 2,419 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $23.44, for a total transaction of $56,701.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,750 shares of company stock valued at $110,350. Corporate insiders own 6.31% of the company’s stock.

About Marlin Business Services

Marlin Business Services Corp. provides credit products and services to small and mid-sized businesses in the United States. The company's products and services include loans and leases for the acquisition of commercial equipment and working capital loans. It offers lease finance to approximately 100 categories of equipment.

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Earnings History and Estimates for Marlin Business Services (NASDAQ:MRLN)

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