Consumer Portfolio Services (NASDAQ:CPSS) Issues Quarterly Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) issued its earnings results on Tuesday. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06), Zacks reports. The company had revenue of $105.30 million during the quarter, compared to analysts’ expectations of $102.37 million. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%.

Consumer Portfolio Services Price Performance

Shares of NASDAQ CPSS opened at $10.15 on Wednesday. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The stock has a market cap of $217.26 million, a price-to-earnings ratio of 11.67 and a beta of 1.98. The company’s 50-day moving average price is $11.13 and its 200 day moving average price is $10.21. Consumer Portfolio Services has a 52 week low of $7.03 and a 52 week high of $12.73.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th.

Insider Buying and Selling at Consumer Portfolio Services

In related news, Director William B. Roberts sold 15,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $10.45, for a total transaction of $156,750.00. Following the sale, the director now owns 700,078 shares of the company’s stock, valued at $7,315,815.10. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP April Crisp sold 2,500 shares of Consumer Portfolio Services stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $11.15, for a total value of $27,875.00. Following the sale, the vice president now owns 17,212 shares of the company’s stock, valued at approximately $191,913.80. This represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,500 shares of company stock valued at $287,925 over the last quarter. Corporate insiders own 69.00% of the company’s stock.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of 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.