Equities analysts predict that Medallion Financial Corp. (NASDAQ:MFIN) will announce $35.20 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Medallion Financial’s earnings. The lowest sales estimate is $34.38 million and the highest is $36.42 million. Medallion Financial posted sales of $30.01 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.3%. The firm is scheduled to report its next quarterly earnings report on Monday, August 2nd.
According to Zacks, analysts expect that Medallion Financial will report full year sales of $140.05 million for the current year, with estimates ranging from $137.24 million to $143.83 million. For the next financial year, analysts anticipate that the company will post sales of $166.67 million, with estimates ranging from $153.45 million to $179.88 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow Medallion Financial.
Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings results on Sunday, May 2nd. The credit services provider reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.15. Medallion Financial had a negative return on equity of 4.13% and a negative net margin of 8.50%. The firm had revenue of $30.61 million during the quarter, compared to analyst estimates of $32.51 million.
Shares of Medallion Financial stock traded down $0.01 on Tuesday, hitting $9.13. The company’s stock had a trading volume of 1 shares, compared to its average volume of 56,368. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. Medallion Financial has a 1 year low of $2.13 and a 1 year high of $9.50. The firm’s fifty day moving average is $8.52. The firm has a market cap of $228.56 million, a P/E ratio of -17.25 and a beta of 3.00.
Large investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Medallion Financial by 5.7% during the 4th quarter. BlackRock Inc. now owns 140,412 shares of the credit services provider’s stock worth $688,000 after buying an additional 7,550 shares in the last quarter. Corsair Capital Management L.P. grew its position in shares of Medallion Financial by 144.3% in the fourth quarter. Corsair Capital Management L.P. now owns 26,018 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 15,370 shares in the last quarter. Ridgewood Investments LLC grew its position in shares of Medallion Financial by 65.2% in the first quarter. Ridgewood Investments LLC now owns 25,348 shares of the credit services provider’s stock valued at $179,000 after purchasing an additional 10,000 shares in the last quarter. Stifel Financial Corp grew its position in shares of Medallion Financial by 2.8% in the fourth quarter. Stifel Financial Corp now owns 376,689 shares of the credit services provider’s stock valued at $1,846,000 after purchasing an additional 10,300 shares in the last quarter. Finally, rhino investment partners Inc purchased a new stake in shares of Medallion Financial in the fourth quarter valued at approximately $2,046,000. Institutional investors own 22.76% of the company’s stock.
About Medallion Financial
Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxi medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance home improvements; commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and medallion loans.
Further Reading: Compound Annual Growth Rate (CAGR)
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