OppFi Announces $0.12 Per Share Special Dividend, $20M Share Repurchase Program
$OPFI
Finance: Consumer Services
Finance
OppFi Announces $0.12 Per Share Special Dividend, $20M Share Repurchase Program
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/11/2022 | $10.00 → $6.00 | Market Outperform | JMP Securities |
| 3/11/2022 | $10.00 → $4.50 | Buy | Needham |
| 8/20/2021 | $7.00 | Neutral | Piper Sandler |
| 8/17/2021 | $10.00 | Buy | Needham |
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Full Year 2024 Guidance Update Affirm total revenue $510 million to $530 million Raise adjusted net income $50 million to $54 million from previous range of $46 million to $49 million Increase adjusted earnings per share $0.58 to $0.62 from previous range of $0.53 to $0.57, based on approximate weighted average diluted share count of 86.5 million
OppFi (NYSE:OPFI) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.05 by 100 percent. This is a 100 percent increase over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $127.343 million which beat the analyst consensus estimate of $124.276 million by 2.47 percent. This is a 5.79 percent increase over sales of $120.374 million the same period last year.
JMP Securities reiterated coverage of OppFi with a rating of Market Outperform and set a new price target of $6.00 from $10.00 previously
Needham reiterated coverage of OppFi with a rating of Buy and set a new price target of $4.50 from $10.00 previously
Piper Sandler initiated coverage of OppFi with a rating of Neutral and set a new price target of $7.00
Net income increased 106.4% year over year to $32.1 million, a Company record for any quarter Adjusted net income1 increased 116.2% year over year to $28.8 million, a Company record for any quarter Basic and diluted EPS of $0.21 and $0.21, respectively Adjusted EPS1 increased 112.4% year over year to $0.33 Net charge-off rate as a percentage of total revenue decreased 810 basis points year over year to 34.3% Average yield, annualized increased by 540 basis points year over year to 133.9% Total revenue increased 2.6% year over year to $136.6 million, a Company record for any quarter Adjusted EPS1 guidance for full-year 2024 increased to $0.85 to $0.87 from $0.73 to $0.75 OppFi Inc. (
OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans, will report financial results for its third quarter 2024 before the market-open on Thursday, November 7, 2024. Management will host a conference call on November 7, 2024 at 9:00 a.m. ET to discuss OppFi's financial results and business outlook. The webcast of the conference call will be available on the Investor Relations section of the Company's website at investors.oppfi.com. The conference call can also be accessed with the following dial-in information: Domestic: (800) 274-8461 Internatio
Net income increased 53.1% year over year to $27.7 million, a Company record for a second quarter Adjusted net income increased 56.2% year over year to $24.8 million, a Company record for a second quarter Basic and diluted EPS of $0.16 and $0.16, respectively Adjusted EPS increased 53.5% year over year to $0.29 Net charge-off rate as a percentage of total revenue decreased 370 basis points year over year to 32.5% Total revenue yield increased by 600 basis points year over year to 134.8% Total revenue increased 3.1% year over year to $126.3 million, a Company record for a second quarter Adjusted EPS guidance for full-year 2024 increased to $0.73 to $0.75 from $0.58 to $0.62 A
Kaplan, former CEO of OppFi and Co-Founder of Insureon will lead Cadre's next chapter as Williams also assumes role of Co-Chairman of Global Investment Committee Ryan Williams, Founder and CEO of Cadre, today announced his decision to assume the roles of Executive Chairman and Co-Chairman of Cadre's Global Investment Committee, and to appoint Jared Kaplan, an entrepreneurial executive with extensive operating experience leading fintech firms, as Cadre's next CEO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220623005370/en/Ryan Williams, Founder, Executive Chairman and Co-Chairman of Global Investment Committee, Cadre (Photo:
OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced the appointments of Manuel ("Manny") Chagas as Chief Operating Officer and Shaun Smolarz as Head of Investor Relations. In his role as Chief Operating Officer, Chagas will manage OppFi's people team, operations functions, and banking partnerships to attain greater productivity as well as optimize employee and customer experiences. "We are fortunate to add Manny to our senior leadership team," said Todd Schwartz, Chief Executive Officer and Executive Chairman of OppFi. "He has an impressive track record of improvin
OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced the appointment of Ms. Pamela ("Pam") Johnson as the Company's Chief Financial Officer. Johnson joined OppFi as Chief Accounting Officer in 2021. Previously, she was Chief Financial Officer for more than 10 years at consumer finance companies Heights Finance Corporation and Pioneer Financial Services. Johnson also served nine years in accounting with a large, regional bank. She began her career in public accounting at KPMG. Johnson will replace Mr. Shiven Shah, who served as the Company's Chief Financial Officer f
4 - OppFi Inc. (0001818502) (Issuer)
4 - OppFi Inc. (0001818502) (Issuer)
4 - OppFi Inc. (0001818502) (Issuer)
10-Q - OppFi Inc. (0001818502) (Filer)
8-K - OppFi Inc. (0001818502) (Filer)
8-K - OppFi Inc. (0001818502) (Filer)
Net income increased 106.4% year over year to $32.1 million, a Company record for any quarter Adjusted net income1 increased 116.2% year over year to $28.8 million, a Company record for any quarter Basic and diluted EPS of $0.21 and $0.21, respectively Adjusted EPS1 increased 112.4% year over year to $0.33 Net charge-off rate as a percentage of total revenue decreased 810 basis points year over year to 34.3% Average yield, annualized increased by 540 basis points year over year to 133.9% Total revenue increased 2.6% year over year to $136.6 million, a Company record for any quarter Adjusted EPS1 guidance for full-year 2024 increased to $0.85 to $0.87 from $0.73 to $0.75 OppFi Inc. (
OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans, will report financial results for its third quarter 2024 before the market-open on Thursday, November 7, 2024. Management will host a conference call on November 7, 2024 at 9:00 a.m. ET to discuss OppFi's financial results and business outlook. The webcast of the conference call will be available on the Investor Relations section of the Company's website at investors.oppfi.com. The conference call can also be accessed with the following dial-in information: Domestic: (800) 274-8461 Internatio
NEW YORK, NY / ACCESSWIRE / August 15, 2024 / OppFi Inc (NYSE:OPFI) is a tech-enabled specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans. The company will be available for 1-on-1 meetings throughout the day in addition to their presentation.Q2-24 results were a record for a Q2, and OPFI raised full-year 2024 earnings guidance by more than 20%Recently diversified business by acquiring minority stake in Bitty Advance to expand mission to small business financingEvent: Q3 Investor SummitDate: August 20th, 2024Presentation Time: 2:00 pm ET Location: https://www.webcaster4.com/Webcast/Page/3062/51137The theme is 50 micro-cap compani