Medallion Financial (NASDAQ:MFIN) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Medallion Financial (NASDAQ:MFIN) announced its earnings results on Tuesday. The credit services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03), Zacks reports. Medallion Financial had a return on equity of 10.44% and a net margin of 14.97%. The company had revenue of $71.80 million during the quarter, compared to the consensus estimate of $50.39 million. During the same period in the prior year, the business posted $0.62 earnings per share.

Medallion Financial Trading Up 2.6 %

Shares of Medallion Financial stock opened at $8.29 on Thursday. The firm has a market cap of $193.82 million, a price-to-earnings ratio of 3.91 and a beta of 2.16. The business has a 50-day moving average price of $8.02 and a 200-day moving average price of $8.30. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.54. Medallion Financial has a twelve month low of $6.28 and a twelve month high of $10.49.

Analysts Set New Price Targets

Separately, StockNews.com raised Medallion Financial from a “hold” rating to a “buy” rating in a report on Friday, July 19th.

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.