Marlin Business Services Corp. (NASDAQ:MRLN) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MRLN to report 3Q20 loss of $ 0.05 per share.
For the full year, analysts anticipate top line of $ 74.72 million, while looking forward to loss of $ 1.45 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.17 ~ $ 2.27 per share
Click Here For More Historical Outlooks Of Marlin Business Services Corp.
Previous Quarter Performance
Marlin Business Services Corp. revealed loss for the second quarter of $ 0.43 per share, from the revenue of $ 21.27 million. The quarterly revenues reduced 12.03 percent compared with the same quarter last year. Wall street analysts are predicting, MRLN to report 2Q20 loss of $ 0.41 per share from revenue of $ 19.43 million. The bottom line results missed street analysts by $ 0.02 or 4.88 percent, at the same time, top line results outshined analysts by $ 1.84 million or 9.47 percent.
Stock Performance
Shares of Marlin Business Services Corp. traded low $ -0.17 or -2.44 percent on Wednesday, reaching $ 6.80 with volume of 23.00 thousand shares. Marlin Business Services Corp. has traded high as $ 7.19 and has cracked $ 6.67 on the downward trend
According to the previous trading day, closing price of $ 6.80, representing a 49.57 % increase from the 52 week low of $ 4.66 and a 71.55 % decrease over the 52 week high of $ 24.50.
The company has a market capital of $ 81.20 million and is part of the Financial Services sector and Credit Services industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.14 per share on July 30, 2020. The dividend were payable on August 20, 2020 to holders of record as of the close of business on August 10, 2020 and ex-dividend date on August 7, 2020.
Marlin Business Services Corp. provides credit products and services to small and mid-sized businesses in the United States. The companys products and services include loans and leases for the acquisition of commercial equipment and working capital loans.
