Brokerages Anticipate Medallion Financial Corp. (NASDAQ:MFIN) to Post $0.31 Earnings Per Share

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%.

Several equities analysts have recently weighed in on the stock. B. Riley lowered their price objective on shares of Medallion Financial from $13.00 to $12.00 in a research note on Tuesday, April 12th. StockNews.com lowered shares of Medallion Financial from a “buy” rating to a “hold” rating in a report on Friday. Finally, Zacks Investment Research lowered shares of Medallion Financial from a “hold” rating to a “sell” rating in a report on Friday, May 6th.

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.

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