Medallion Financial (NASDAQ:MFIN) Announces Earnings Results, Beats Expectations By $0.01 EPS

Medallion Financial (NASDAQ:MFIN) posted its earnings results on Tuesday. The credit services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01, Zacks reports. Medallion Financial had a net margin of 14.97% and a return on equity of 10.35%. The company had revenue of $77.00 million during the quarter, compared to analysts’ expectations of $52.88 million. During the same quarter in the prior year, the company posted $0.48 earnings per share.

Medallion Financial Stock Performance

Shares of NASDAQ MFIN traded down $0.06 during midday trading on Wednesday, reaching $9.37. The company had a trading volume of 65,383 shares, compared to its average volume of 92,069. The business’s 50-day simple moving average is $8.17 and its 200 day simple moving average is $8.04. The stock has a market cap of $217.10 million, a P/E ratio of 5.21 and a beta of 2.14. Medallion Financial has a 1 year low of $6.48 and a 1 year high of $10.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.55.

Medallion Financial Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 15th. Medallion Financial’s dividend payout ratio is currently 22.22%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Medallion Financial from a “hold” rating to a “buy” rating in a research report on Monday.

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.