Atlanticus (NASDAQ:ATLC) Issues Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Atlanticus (NASDAQ:ATLC) issued its quarterly earnings data on Thursday. The credit services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.19, Zacks reports. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The company had revenue of $353.19 million during the quarter, compared to analysts’ expectations of $355.02 million.

Atlanticus Stock Up 11.3 %

Shares of NASDAQ:ATLC opened at $48.64 on Friday. The stock’s 50-day moving average price is $55.55 and its two-hundred day moving average price is $48.19. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus has a 12-month low of $23.09 and a 12-month high of $64.70. The firm has a market cap of $716.90 million, a price-to-earnings ratio of 10.93 and a beta of 2.16.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ATLC shares. B. Riley raised Atlanticus to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities raised their price target on Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $57.20.

Atlanticus Company Profile

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.