Atlanticus (NASDAQ:ATLC) Issues Earnings Results, Beats Estimates By $0.19 EPS

Atlanticus (NASDAQ:ATLC) issued its quarterly earnings data on Thursday. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.19, Zacks reports. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The business had revenue of $353.19 million during the quarter, compared to analyst estimates of $355.02 million.

Atlanticus Trading Up 11.3 %

Atlanticus stock opened at $48.64 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $716.90 million, a price-to-earnings ratio of 10.93 and a beta of 2.16. Atlanticus has a 1 year low of $23.09 and a 1 year high of $64.70. The firm’s 50 day moving average price is $55.55 and its two-hundred day moving average price is $48.19.

Analysts Set New Price Targets

ATLC has been the subject of a number of research analyst reports. B. Riley raised shares of Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th. JMP Securities raised their price objective on shares of Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $57.20.

Atlanticus Company Profile

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.