Equities analysts predict that Medallion Financial Corp (NASDAQ:MFIN) will post earnings per share (EPS) of $0.11 for the current quarter, according to Zacks. Two analysts have issued estimates for Medallion Financial’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.20. Medallion Financial posted earnings per share of ($0.19) during the same quarter last year, which indicates a positive year over year growth rate of 157.9%. The firm is expected to announce its next quarterly earnings report on Monday, November 11th.
According to Zacks, analysts expect that Medallion Financial will report full year earnings of ($0.03) per share for the current financial year, with EPS estimates ranging from ($0.18) to $0.12. For the next financial year, analysts expect that the business will post earnings of $0.95 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Medallion Financial.
Medallion Financial (NASDAQ:MFIN) last released its earnings results on Monday, August 5th. The credit services provider reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.36). The business had revenue of $24.88 million during the quarter, compared to analysts’ expectations of $31.52 million. Medallion Financial had a negative return on equity of 0.63% and a negative net margin of 1.05%.
MFIN has been the topic of a number of recent research reports. ValuEngine raised shares of Medallion Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Zacks Investment Research downgraded shares of Medallion Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Medallion Financial presently has a consensus rating of “Hold” and a consensus price target of $10.67.
Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of Medallion Financial by 1,344.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,242 shares of the credit services provider’s stock worth $42,000 after buying an additional 5,810 shares during the period. JPMorgan Chase & Co. grew its position in shares of Medallion Financial by 200.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,614 shares of the credit services provider’s stock worth $42,000 after buying an additional 4,414 shares during the period. Northern Trust Corp purchased a new stake in Medallion Financial during the 2nd quarter valued at about $128,000. Deutsche Bank AG grew its position in Medallion Financial by 93.6% during the 4th quarter. Deutsche Bank AG now owns 35,685 shares of the credit services provider’s stock valued at $166,000 after purchasing an additional 17,255 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Medallion Financial during the 2nd quarter valued at about $289,000. 22.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:MFIN traded down $0.01 during midday trading on Tuesday, reaching $6.60. The company’s stock had a trading volume of 245,369 shares, compared to its average volume of 105,081. The firm has a 50 day moving average of $5.03 and a 200-day moving average of $6.17. The firm has a market capitalization of $162.60 million, a P/E ratio of -12.22 and a beta of 1.48. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.67. Medallion Financial has a 12-month low of $4.07 and a 12-month high of $7.80.
Medallion Financial Company Profile
Medallion Financial Corp., through with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.
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