Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Analysts at Jefferies Group cut their FY2018 earnings per share (EPS) estimates for shares of Consumer Portfolio Services in a research note issued on Wednesday, April 11th. Jefferies Group analyst J. Hecht now expects that the credit services provider will post earnings per share of $0.70 for the year, down from their previous forecast of $0.80.
Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Consumer Portfolio Services from a “strong-buy” rating to a “hold” rating in a research note on Friday. ValuEngine lowered Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.
Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings results on Wednesday, February 14th. The credit services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Consumer Portfolio Services had a return on equity of 9.88% and a net margin of 0.87%. The company had revenue of $107.23 million during the quarter, compared to analyst estimates of $110.31 million.
Several large investors have recently bought and sold shares of the company. Continental Advisors LLC lifted its stake in shares of Consumer Portfolio Services by 7.9% in the 4th quarter. Continental Advisors LLC now owns 1,430,474 shares of the credit services provider’s stock valued at $5,936,000 after purchasing an additional 104,263 shares during the last quarter. PEAK6 Investments L.P. lifted its stake in shares of Consumer Portfolio Services by 28.6% in the 4th quarter. PEAK6 Investments L.P. now owns 56,183 shares of the credit services provider’s stock valued at $233,000 after purchasing an additional 12,500 shares during the last quarter. Cornerstone Investment Partners LLC lifted its stake in shares of Consumer Portfolio Services by 100.0% in the 4th quarter. Cornerstone Investment Partners LLC now owns 40,000 shares of the credit services provider’s stock valued at $166,000 after purchasing an additional 20,000 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Consumer Portfolio Services by 433.8% in the 4th quarter. Wells Fargo & Company MN now owns 36,333 shares of the credit services provider’s stock valued at $151,000 after purchasing an additional 29,526 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Consumer Portfolio Services in the 3rd quarter valued at approximately $114,000. 47.19% of the stock is owned by institutional investors and hedge funds.
In other news, insider Chris Terry sold 90,000 shares of the firm’s stock in a transaction that occurred on Saturday, February 17th. The stock was sold at an average price of $4.13, for a total value of $371,700.00. Following the completion of the sale, the insider now directly owns 6,349 shares of the company’s stock, valued at approximately $26,221.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 37.50% of the stock is currently owned by corporate insiders.
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Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. The company purchases and services 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.
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