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

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) posted its earnings results on Tuesday. The credit services provider reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06), Zacks reports. The firm had revenue of $105.30 million during the quarter, compared to analysts' expectations of $102.37 million. Consumer Portfolio Services had a return on equity of 7.59% and a net margin of 5.59%.

Consumer Portfolio Services Price Performance

Shares of NASDAQ:CPSS traded up $0.19 during mid-day trading on Friday, reaching $10.00. The stock had a trading volume of 8,939 shares, compared to its average volume of 32,578. The company has a current ratio of 19.17, a quick ratio of 19.16 and a debt-to-equity ratio of 10.52. The company has a market cap of $214.05 million, a P/E ratio of 11.49 and a beta of 1.98. Consumer Portfolio Services has a 1 year low of $7.03 and a 1 year high of $12.73. The business's 50 day moving average price is $11.08 and its 200 day moving average price is $10.22.

Insiders Place Their Bets

In other Consumer Portfolio Services news, VP April Crisp sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $11.15, for a total transaction of $27,875.00. Following the sale, the vice president now directly owns 17,212 shares of the company's stock, valued at $191,913.80. The trade was a 12.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William B. Roberts sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $10.45, for a total value of $156,750.00. Following the sale, the director now directly owns 700,078 shares in the company, valued at $7,315,815.10. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,500 shares of company stock valued at $287,925 over the last ninety days. 69.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Consumer Portfolio Services from a "strong-buy" rating to a "buy" rating in a research report on Friday.

Consumer Portfolio Services Company Profile

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.