Atlanticus (ATLC) Projected to Post Quarterly Earnings on Monday

Atlanticus (NASDAQ:ATLC) is anticipated to announce its earnings results before the market opens on Monday, March 3rd. Analysts expect the company to announce earnings of $1.23 per share and revenue of $355.02 million for the quarter.

Atlanticus Trading Down 5.5 %

NASDAQ:ATLC opened at $57.27 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $844.16 million, a price-to-earnings ratio of 12.87 and a beta of 2.10. Atlanticus has a 52 week low of $23.09 and a 52 week high of $64.70. The firm has a 50-day moving average price of $57.84 and a two-hundred day moving average price of $46.64.

Analyst Ratings Changes

Several equities analysts recently commented on the company. B. Riley upgraded Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th. BTIG Research lifted their price objective on Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Stephens initiated coverage on Atlanticus in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 price objective on the stock. Finally, JMP Securities increased their target price on shares of Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Atlanticus presently has a consensus rating of “Buy” and a consensus target price of $57.20.

Atlanticus Company Profile

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.