Medallion Financial (NASDAQ:MFIN) Releases Earnings Results, Beats Expectations By $0.10 EPS

Medallion Financial (NASDAQ:MFIN) posted its quarterly earnings data on Tuesday. The credit services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.33 by $0.10, Zacks reports. The firm had revenue of $53.10 million during the quarter, compared to analyst estimates of $53.66 million. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%.

Medallion Financial Stock Performance

MFIN opened at $8.76 on Thursday. The stock has a market capitalization of $202.08 million, a price-to-earnings ratio of 5.18 and a beta of 2.07. Medallion Financial has a fifty-two week low of $6.48 and a fifty-two week high of $10.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18. The company has a fifty day moving average of $8.91 and a 200 day moving average of $8.85.

Medallion Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend is Monday, March 17th. Medallion Financial’s dividend payout ratio is currently 26.04%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Medallion Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th.

Medallion Financial Company Profile

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.