Equities research analysts forecast that Regional Management Corp. (NYSE:RM – Get Rating) will announce $117.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Regional Management’s earnings, with the highest sales estimate coming in at $117.88 million and the lowest estimate coming in at $116.48 million. Regional Management posted sales of $97.73 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19.9%. The business is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Regional Management will report full year sales of $492.09 million for the current financial year, with estimates ranging from $488.94 million to $495.24 million. For the next financial year, analysts expect that the firm will report sales of $551.60 million, with estimates ranging from $547.74 million to $555.46 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Regional Management.
Regional Management (NYSE:RM – Get Rating) last issued its earnings results on Wednesday, February 9th. The credit services provider reported $2.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.25. The business had revenue of $119.48 million during the quarter, compared to analysts’ expectations of $116.84 million. Regional Management had a return on equity of 31.59% and a net margin of 20.70%. During the same quarter in the previous year, the business earned $1.28 EPS.
Several research firms recently issued reports on RM. StockNews.com lowered Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 8th. Zacks Investment Research downgraded shares of Regional Management from a “hold” rating to a “sell” rating in a research report on Wednesday.
In other Regional Management news, CEO Robert William Beck sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 8th. The shares were sold at an average price of $47.74, for a total value of $238,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Basswood Capital Management, L sold 2,367 shares of the firm’s stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $53.92, for a total transaction of $127,628.64. The disclosure for this sale can be found here. 9.70% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Forager Capital Management LLC bought a new stake in Regional Management in the 4th quarter valued at $25,332,000. Nuveen Asset Management LLC lifted its holdings in shares of Regional Management by 12.9% during the 4th quarter. Nuveen Asset Management LLC now owns 211,182 shares of the credit services provider’s stock worth $12,135,000 after acquiring an additional 24,151 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Regional Management by 11.7% during the 4th quarter. Acadian Asset Management LLC now owns 183,836 shares of the credit services provider’s stock worth $10,556,000 after acquiring an additional 19,221 shares during the period. Khrom Capital Management LLC lifted its stake in Regional Management by 12.2% in the 4th quarter. Khrom Capital Management LLC now owns 174,139 shares of the credit services provider’s stock valued at $10,006,000 after purchasing an additional 19,000 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Regional Management by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 163,734 shares of the credit services provider’s stock valued at $9,526,000 after purchasing an additional 16,691 shares during the last quarter. 85.57% of the stock is owned by hedge funds and other institutional investors.
Shares of RM opened at $47.98 on Friday. The business’s 50 day moving average is $48.88 and its two-hundred day moving average is $53.74. Regional Management has a 52-week low of $36.44 and a 52-week high of $67.60. The firm has a market cap of $469.72 million, a price-to-earnings ratio of 5.76 and a beta of 1.32. The company has a quick ratio of 27.76, a current ratio of 27.76 and a debt-to-equity ratio of 3.88.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 16th. Shareholders of record on Wednesday, February 23rd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.50%. This is an increase from Regional Management’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, February 22nd. Regional Management’s payout ratio is currently 14.41%.
About Regional Management (Get Rating)
Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.
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