Medallion Financial (NASDAQ:MFIN) Issues Quarterly Earnings Results

Medallion Financial (NASDAQ:MFIN) released its earnings results on Tuesday. The credit services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10, Zacks reports. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. The firm had revenue of $53.10 million for the quarter, compared to analysts’ expectations of $53.66 million.

Medallion Financial Stock Up 0.9 %

Shares of MFIN traded up $0.07 on Tuesday, hitting $8.17. 32,288 shares of the stock traded hands, compared to its average volume of 41,921. Medallion Financial has a one year low of $6.48 and a one year high of $10.50. The company has a market capitalization of $188.47 million, a PE ratio of 4.83 and a beta of 2.07. The business has a 50 day simple moving average of $8.95 and a 200 day simple moving average of $8.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Medallion Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th.

About Medallion Financial

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.