Consumer Portfolio Services (NASDAQ:CPSS) Issues Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) issued its quarterly earnings results on Tuesday. The credit services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06), Zacks reports. The firm had revenue of $105.30 million for 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 CPSS stock traded down $0.25 during trading hours on Thursday, hitting $9.78. The stock had a trading volume of 881 shares, compared to its average volume of 32,483. The company has a debt-to-equity ratio of 10.52, a current ratio of 19.17 and a quick ratio of 19.16. The stock has a market capitalization of $209.23 million, a price-to-earnings ratio of 11.23 and a beta of 1.98. Consumer Portfolio Services has a one year low of $7.03 and a one year high of $12.73. The stock’s 50-day moving average price is $11.11 and its two-hundred day moving average price is $10.21.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Consumer Portfolio Services

In other news, Director William B. Roberts sold 15,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $10.45, for a total value of $156,750.00. Following the completion of the transaction, the director now owns 700,078 shares in the company, valued at approximately $7,315,815.10. The trade was a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP April Crisp sold 2,500 shares of the stock in a transaction on Thursday, December 12th. The shares were 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 in the company, valued at $191,913.80. The trade was a 12.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,500 shares of company stock worth $287,925 in the last quarter. 69.00% of the stock is owned by corporate insiders.

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.