Consumer Portfolio Services (NASDAQ:CPSS) Releases Earnings Results

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

Consumer Portfolio Services Stock Performance

CPSS stock traded down $0.25 during mid-day trading on Thursday, hitting $9.78. The company had a trading volume of 881 shares, compared to its average volume of 32,483. The firm has a market cap of $209.23 million, a PE ratio of 11.23 and a beta of 1.98. The stock’s fifty day moving average price is $11.11 and its two-hundred day moving average price is $10.21. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. Consumer Portfolio Services has a 12 month low of $7.03 and a 12 month high of $12.73.

Analyst Ratings Changes

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

Insider Transactions at Consumer Portfolio Services

In related news, Director William B. Roberts sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $10.33, for a total transaction of $103,300.00. Following the transaction, the director now owns 724,803 shares of the company’s stock, valued at approximately $7,487,214.99. This trade represents a 1.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP April Crisp sold 2,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 17,212 shares of the company’s stock, 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 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.