OppFi (NYSE:OPFI - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.850-0.870 for the period, compared to the consensus estimate of 0.740. The company issued revenue guidance of $510.0 million-$530.0 million, compared to the consensus revenue estimate of $519.0 million.
OppFi Price Performance
Shares of OPFI traded up $1.20 during trading hours on Thursday, hitting $6.61. The stock had a trading volume of 1,235,304 shares, compared to its average volume of 276,412. The firm has a 50 day simple moving average of $4.74 and a 200-day simple moving average of $3.95. The firm has a market capitalization of $569.70 million, a P/E ratio of 76.63 and a beta of 1.20. OppFi has a 1-year low of $2.30 and a 1-year high of $6.63.
OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.12. The business had revenue of $126.30 million during the quarter, compared to the consensus estimate of $121.14 million. OppFi had a return on equity of 28.73% and a net margin of 1.00%. During the same quarter in the previous year, the business earned $0.19 EPS. Equities analysts predict that OppFi will post 0.74 EPS for the current fiscal year.
Insider Buying and Selling at OppFi
In other news, Director David Vennettilli sold 38,886 shares of the business's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $4.34, for a total value of $168,765.24. Following the transaction, the director now owns 94,497 shares in the company, valued at $410,116.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 84.00% of the company's stock.
OppFi Company Profile
(
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OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.
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