Consumer Portfolio Services (NASDAQ:CPSS) Releases Earnings Results, Misses Estimates By $0.05 EPS

Consumer Portfolio Services (NASDAQ:CPSS) released its quarterly earnings data on Monday. The credit services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.05), Zacks reports. Consumer Portfolio Services had a net margin of 4.60% and a return on equity of 6.59%.

Consumer Portfolio Services Stock Performance

Shares of CPSS remained flat at $8.67 during trading hours on Monday. 24,446 shares of the company were exchanged, compared to its average volume of 20,528. Consumer Portfolio Services has a one year low of $6.67 and a one year high of $12.73. The stock has a market cap of $191.36 million, a P/E ratio of 10.84 and a beta of 1.00. The stock has a 50 day moving average price of $7.98 and a two-hundred day moving average price of $8.69. The company has a current ratio of 8.03, a quick ratio of 8.03 and a debt-to-equity ratio of 9.89.

Insider Buying and Selling

In other Consumer Portfolio Services news, VP Noel Jackson sold 9,369 shares of Consumer Portfolio Services stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $8.49, for a total transaction of $79,542.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 63.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CPSS. Geode Capital Management LLC grew its holdings in Consumer Portfolio Services by 8.5% during the 2nd quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock valued at $2,090,000 after buying an additional 16,563 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Consumer Portfolio Services by 3.8% in the first quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock valued at $1,308,000 after acquiring an additional 5,588 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Consumer Portfolio Services by 17.8% in the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock valued at $275,000 after acquiring an additional 4,789 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Consumer Portfolio Services by 17.4% during the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock valued at $119,000 after acquiring an additional 2,333 shares in the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CPSS has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Consumer Portfolio Services in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Consumer Portfolio Services from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Consumer Portfolio Services Company Profile

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.