Zacks: Brokerages Anticipate Consumer Portfolio Services, Inc. (CPSS) Will Announce Quarterly Sales of $104.79 Million

Brokerages expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to announce sales of $104.79 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Consumer Portfolio Services’ earnings. The highest sales estimate is $106.36 million and the lowest is $103.22 million. Consumer Portfolio Services reported sales of $110.07 million in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The firm is expected to issue its next earnings report on Monday, July 23rd.

On average, analysts expect that Consumer Portfolio Services will report full-year sales of $411.80 million for the current financial year, with estimates ranging from $409.52 million to $414.08 million. For the next year, analysts forecast that the company will report sales of $386.55 million per share, with estimates ranging from $384.52 million to $388.59 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Consumer Portfolio Services.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its earnings results on Wednesday, April 18th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.08). Consumer Portfolio Services had a net margin of 0.56% and a return on equity of 9.21%. The firm had revenue of $103.56 million for the quarter, compared to analyst estimates of $107.94 million.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Consumer Portfolio Services from a “strong-buy” rating to a “hold” rating in a report on Friday, April 13th. ValuEngine cut shares of Consumer Portfolio Services from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, JMP Securities upgraded shares of Consumer Portfolio Services from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a report on Friday, June 8th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Consumer Portfolio Services currently has a consensus rating of “Buy” and a consensus price target of $5.42.

Shares of Consumer Portfolio Services stock traded down $0.01 on Friday, hitting $4.20. 100 shares of the company traded hands, compared to its average volume of 40,278. The company has a quick ratio of 15.10, a current ratio of 15.10 and a debt-to-equity ratio of 11.19. Consumer Portfolio Services has a 12-month low of $3.27 and a 12-month high of $4.91. The stock has a market cap of $89.69 million, a P/E ratio of 5.24 and a beta of 1.66.

Several institutional investors and hedge funds have recently made changes to their positions in the company. PEAK6 Investments L.P. raised its position in shares of Consumer Portfolio Services by 28.6% during the fourth quarter. PEAK6 Investments L.P. now owns 56,183 shares of the credit services provider’s stock valued at $233,000 after buying an additional 12,500 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Consumer Portfolio Services by 433.8% during the fourth quarter. Wells Fargo & Company MN now owns 36,333 shares of the credit services provider’s stock valued at $151,000 after buying an additional 29,526 shares during the last quarter. Finally, Continental Advisors LLC raised its position in shares of Consumer Portfolio Services by 7.9% during the fourth quarter. Continental Advisors LLC now owns 1,430,474 shares of the credit services provider’s stock valued at $5,936,000 after buying an additional 104,263 shares during the last quarter. 45.71% of the stock is owned by institutional investors and hedge funds.

Consumer Portfolio Services Company Profile

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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