Jefferies Group Analysts Boost Earnings Estimates for Consumer Portfolio Services, Inc. (CPSS)

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Research analysts at Jefferies Group upped their Q1 2018 EPS estimates for shares of Consumer Portfolio Services in a report released on Wednesday. Jefferies Group analyst J. Hecht now forecasts that the credit services provider will post earnings per share of $0.20 for the quarter, up from their previous estimate of $0.16.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Monday, October 23rd. The credit services provider reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Consumer Portfolio Services had a return on equity of 11.09% and a net margin of 4.87%. The firm had revenue of $109.49 million during the quarter, compared to analysts’ expectations of $112.39 million.

CPSS has been the subject of several other research reports. Zacks Investment Research cut Consumer Portfolio Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. TheStreet cut Consumer Portfolio Services from a “c” rating to a “d” rating in a research note on Tuesday, October 31st.

Consumer Portfolio Services (NASDAQ:CPSS) traded up $0.06 during mid-day trading on Thursday, hitting $4.14. The stock had a trading volume of 20,849 shares, compared to its average volume of 41,431. Consumer Portfolio Services has a 52-week low of $3.66 and a 52-week high of $5.69. The company has a quick ratio of 17.19, a current ratio of 17.19 and a debt-to-equity ratio of 10.89. The stock has a market capitalization of $88.84, a PE ratio of 5.45 and a beta of 1.92.

In related news, major shareholder Second Curve Capital Llc sold 150,000 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis K. Powell sold 6,900 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $4.36, for a total value of $30,084.00. The disclosure for this sale can be found here. Insiders sold 235,100 shares of company stock valued at $989,660 in the last 90 days. Company insiders own 37.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. bought a new stake in Consumer Portfolio Services during the third quarter valued at about $114,000. Hancock Holding Co. grew its holdings in Consumer Portfolio Services by 17.6% during the second 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 period. Numeric Investors LLC grew its holdings in Consumer Portfolio Services by 0.5% during the second quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock valued at $1,110,000 after purchasing an additional 1,329 shares during the period. Vanguard Group Inc. grew its holdings in Consumer Portfolio Services by 0.9% during the second quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock valued at $3,461,000 after purchasing an additional 6,530 shares during the period. Finally, Continental Advisors LLC grew its holdings in Consumer Portfolio Services by 21.2% during the third quarter. Continental Advisors LLC now owns 1,326,211 shares of the credit services provider’s stock valued at $6,048,000 after purchasing an additional 232,055 shares during the period. Institutional investors own 48.35% of the company’s stock.

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About Consumer Portfolio Services

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.

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