Wall Street brokerages expect Medallion Financial Corp. (NASDAQ:MFIN – Get Rating) to announce $37.27 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Medallion Financial’s earnings, with the lowest sales estimate coming in at $35.33 million and the highest estimate coming in at $39.21 million. Medallion Financial reported sales of $37.26 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0%. The firm is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Medallion Financial will report full-year sales of $152.82 million for the current financial year, with estimates ranging from $144.13 million to $161.52 million. For the next financial year, analysts forecast that the company will post sales of $188.06 million. Zacks’ sales averages are an average based on a survey of research firms that cover Medallion Financial.
Medallion Financial (NASDAQ:MFIN – Get Rating) last announced its quarterly earnings data on Monday, May 2nd. The credit services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Medallion Financial had a return on equity of 16.37% and a net margin of 28.27%.
NASDAQ:MFIN opened at $7.46 on Friday. Medallion Financial has a 52 week low of $3.50 and a 52 week high of $10.05. 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 capitalization of $190.28 million, a P/E ratio of 3.38 and a beta of 2.35. The stock’s fifty day moving average is $8.45 and its two-hundred day moving average is $7.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, May 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.29%. Medallion Financial’s dividend payout ratio is currently 14.41%.
Large investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in Medallion Financial by 32.7% during the 1st quarter. Morgan Stanley now owns 21,291 shares of the credit services provider’s stock valued at $151,000 after acquiring an additional 5,247 shares during the last quarter. Raymond James & Associates purchased a new stake in Medallion Financial during the 3rd quarter valued at approximately $167,000. Barclays PLC raised its stake in shares of Medallion Financial by 277.7% during the 3rd quarter. Barclays PLC now owns 4,347 shares of the credit services provider’s stock worth $34,000 after buying an additional 3,196 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Medallion Financial during the 3rd quarter worth approximately $113,000. Finally, Manatuck Hill Partners LLC purchased a new position in shares of Medallion Financial during the 3rd quarter worth approximately $158,000. 27.89% of the stock is owned by institutional investors and hedge funds.
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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