Jefferies Group Comments on Consumer Portfolio Services, Inc.’s Q4 2017 Earnings (CPSS)

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Stock analysts at Jefferies Group dropped their Q4 2017 earnings per share (EPS) estimates for Consumer Portfolio Services in a research report issued on Tuesday. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will post earnings per share of $0.18 for the quarter, down from their prior estimate of $0.20. Jefferies Group has a “Buy” rating and a $6.00 price objective on the stock.

Separately, Zacks Investment Research downgraded Consumer Portfolio Services from a “hold” rating to a “sell” rating in a research note on Wednesday.

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Consumer Portfolio Services (NASDAQ:CPSS) traded down 0.67% during midday trading on Thursday, hitting $4.47. 619 shares of the stock were exchanged. The firm has a 50-day moving average price of $4.36 and a 200-day moving average price of $4.41. Consumer Portfolio Services has a one year low of $3.66 and a one year high of $6.05. The stock has a market cap of $101.61 million, a P/E ratio of 5.31 and a beta of 1.63.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Monday, July 24th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Consumer Portfolio Services had a return on equity of 12.76% and a net margin of 5.49%. The business had revenue of $110.07 million for the quarter, compared to analysts’ expectations of $110.31 million.

A number of hedge funds have recently made changes to their positions in CPSS. UBS Group AG raised its stake in Consumer Portfolio Services by 1,213.0% in the 1st quarter. UBS Group AG now owns 24,882 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 22,987 shares during the last quarter. Hancock Holding Co. raised its stake in Consumer Portfolio Services by 17.6% in the 2nd quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock valued at $201,000 after purchasing an additional 6,615 shares during the last quarter. Oxford Asset Management acquired a new position in Consumer Portfolio Services in the 1st quarter valued at about $230,000. Spark Investment Management LLC raised its stake in Consumer Portfolio Services by 53.2% in the 2nd quarter. Spark Investment Management LLC now owns 61,600 shares of the credit services provider’s stock valued at $280,000 after purchasing an additional 21,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Consumer Portfolio Services by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 70,127 shares of the credit services provider’s stock valued at $330,000 after purchasing an additional 397 shares during the last quarter. 46.74% of the stock is owned by hedge funds and other institutional investors.

In related news, major shareholder Second Curve Capital Llc sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $3.97, for a total value of $59,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 35,000 shares of company stock valued at $138,750 in the last ninety days. Corporate insiders own 37.50% of the company’s stock.

Consumer Portfolio Services declared that its Board of Directors has authorized a stock repurchase plan on Monday, July 24th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the credit services provider to buy up to 9.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.

Earnings History and Estimates for Consumer Portfolio Services (NASDAQ:CPSS)

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