Wall Street analysts expect that Medallion Financial Corp. (NASDAQ:MFIN – Get Rating) will announce $35.96 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Medallion Financial’s earnings, with the lowest sales estimate coming in at $35.88 million and the highest estimate coming in at $36.04 million. Medallion Financial posted sales of $30.61 million during the same quarter last year, which suggests a positive year-over-year growth rate of 17.5%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Medallion Financial will report full-year sales of $154.95 million for the current financial year, with estimates ranging from $149.19 million to $160.71 million. For the next year, analysts forecast that the business will report sales of $188.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Medallion Financial.
Medallion Financial (NASDAQ:MFIN – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The credit services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.52. The business had revenue of $50.25 million for the quarter, compared to the consensus estimate of $36.23 million. Medallion Financial had a net margin of 28.40% and a return on equity of 16.28%.
NASDAQ:MFIN opened at $7.73 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.62. The company has a market cap of $197.45 million, a P/E ratio of 3.56 and a beta of 2.44. Medallion Financial has a fifty-two week low of $3.50 and a fifty-two week high of $10.05. The firm’s 50 day moving average is $8.47 and its two-hundred day moving average is $8.03.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 14th were given a $0.08 dividend. The ex-dividend date was Friday, March 11th. This represents a $0.32 annualized dividend and a dividend yield of 4.14%. This is a positive change from Medallion Financial’s previous quarterly dividend of $0.05. Medallion Financial’s dividend payout ratio is presently 14.75%.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Medallion Financial by 101.2% in the fourth quarter. BlackRock Inc. now owns 106,517 shares of the credit services provider’s stock worth $617,000 after acquiring an additional 53,563 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Medallion Financial in the fourth quarter worth $254,000. Corsair Capital Management L.P. increased its position in shares of Medallion Financial by 214.8% in the fourth quarter. Corsair Capital Management L.P. now owns 159,241 shares of the credit services provider’s stock worth $924,000 after acquiring an additional 108,649 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Medallion Financial by 73.9% in the fourth quarter. JPMorgan Chase & Co. now owns 16,036 shares of the credit services provider’s stock worth $93,000 after acquiring an additional 6,817 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Medallion Financial by 100.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,840 shares of the credit services provider’s stock valued at $167,000 after purchasing an additional 14,453 shares in the last quarter. 31.41% of the stock is owned by institutional investors.
Medallion Financial Company Profile (Get Rating)
Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. The company operates through four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Medallion Lending. It provides loans that finance consumer purchases of recreational vehicles, boats, and trailers; consumer home improvements; commercial businesses; and taxi medallions to individuals, and small to mid-size businesses.
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