Consumer Portfolio Services (NASDAQ:CPSS) Announces Quarterly Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) posted its earnings results on Tuesday. The credit services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06), Zacks reports. Consumer Portfolio Services had a net margin of 5.59% and a return on equity of 7.59%.

Consumer Portfolio Services Stock Performance

Shares of NASDAQ:CPSS traded down $0.11 during trading on Tuesday, hitting $10.15. 15,185 shares of the stock were exchanged, compared to its average volume of 26,619. The company has a market capitalization of $217.26 million, a price-to-earnings ratio of 11.67 and a beta of 1.98. The company has a debt-to-equity ratio of 10.52, a quick ratio of 19.16 and a current ratio of 19.17. Consumer Portfolio Services has a 1-year low of $7.03 and a 1-year high of $12.73. The company’s fifty day simple moving average is $11.14 and its 200-day simple moving average is $10.19.

Insiders Place Their Bets

In other news, VP April Crisp sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $11.15, for a total value of $27,875.00. Following the sale, the vice president now owns 17,212 shares of the company’s stock, valued at approximately $191,913.80. This represents a 12.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William B. Roberts sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $10.45, for a total transaction of $156,750.00. Following the sale, the director now directly owns 700,078 shares in the company, valued at $7,315,815.10. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,775 shares of company stock worth $290,749 over the last 90 days. Corporate insiders own 69.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Consumer Portfolio Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of 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.