Medallion Financial (NASDAQ:MFIN) issued its quarterly earnings results on Sunday. The credit services provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.15, MarketWatch Earnings reports. Medallion Financial had a negative return on equity of 12.12% and a negative net margin of 26.61%.
Shares of Medallion Financial stock opened at $9.00 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.41. Medallion Financial has a twelve month low of $1.80 and a twelve month high of $9.21. The business has a 50-day moving average price of $7.64 and a 200 day moving average price of $5.88. The firm has a market cap of $225.36 million, a PE ratio of -5.70 and a beta of 3.02.
Several equities analysts have recently issued reports on MFIN shares. Zacks Investment Research raised Medallion Financial from a “strong sell” rating to a “hold” rating in a report on Friday, April 9th. TheStreet raised Medallion Financial from a “d+” rating to a “c-” rating in a report on Friday, February 19th. Finally, B. Riley boosted their price objective on Medallion Financial from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, April 7th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $6.38.
Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxi medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance home improvements; commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and medallion loans.
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