Wall Street brokerages predict that Medallion Financial Corp. (NASDAQ:MFIN – Get Rating) will post $0.31 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Medallion Financial’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.22. Medallion Financial posted earnings of $0.41 per share in the same quarter last year, which would suggest a negative year over year growth rate of 24.4%. The firm is expected to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Medallion Financial will report full-year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.12 to $1.72. For the next fiscal year, analysts anticipate that the business will post earnings of $1.95 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Medallion Financial.
Medallion Financial (NASDAQ:MFIN – Get Rating) last issued its quarterly earnings data on Monday, May 2nd. The credit services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. Medallion Financial had a net margin of 28.27% and a return on equity of 16.37%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in Medallion Financial by 281.0% during the 3rd quarter. Royal Bank of Canada now owns 3,932 shares of the credit services provider’s stock valued at $31,000 after buying an additional 2,900 shares in the last quarter. Barclays PLC grew its holdings in Medallion Financial by 277.7% during the 3rd quarter. Barclays PLC now owns 4,347 shares of the credit services provider’s stock valued at $34,000 after buying an additional 3,196 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Medallion Financial during the 4th quarter valued at approximately $66,000. Janney Montgomery Scott LLC grew its holdings in Medallion Financial by 15.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,144 shares of the credit services provider’s stock valued at $70,000 after buying an additional 1,670 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in Medallion Financial during the 3rd quarter valued at approximately $96,000. 27.89% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:MFIN opened at $7.67 on Wednesday. The firm’s 50 day moving average price is $8.42 and its 200-day moving average price is $7.98. Medallion Financial has a twelve month low of $3.50 and a twelve month 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 stock has a market capitalization of $195.64 million, a PE ratio of 3.45 and a beta of 2.35.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 4.17%. The ex-dividend date is Friday, May 13th. Medallion Financial’s dividend payout ratio is 14.41%.
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.
- Get a free copy of the StockNews.com research report on Medallion Financial (MFIN)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Medallion Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medallion Financial and related companies with MarketBeat.com's FREE daily email newsletter.