Medallion Financial (MFIN) Set to Announce Earnings on Tuesday

Medallion Financial (NASDAQ:MFIN) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Medallion Financial to post earnings of $0.36 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). The firm had revenue of $71.80 million during the quarter, compared to analyst estimates of $50.39 million. Medallion Financial had a net margin of 14.97% and a return on equity of 10.35%. During the same period in the prior year, the firm posted $0.62 earnings per share. On average, analysts expect Medallion Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Medallion Financial Stock Performance

Shares of MFIN opened at $9.07 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $210.15 million, a P/E ratio of 5.04 and a beta of 2.14. The company’s fifty day moving average is $8.12 and its two-hundred day moving average is $8.01. Medallion Financial has a 1 year low of $6.34 and a 1 year high of $10.14.

Medallion Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.40 annualized dividend and a yield of 4.41%. Medallion Financial’s dividend payout ratio is currently 22.22%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Medallion Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.

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.