Equities analysts expect Regional Management Corp (NYSE:RM) to announce $80.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Regional Management’s earnings, with the lowest sales estimate coming in at $78.88 million and the highest estimate coming in at $82.11 million. Regional Management posted sales of $72.42 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.2%. The business is expected to issue its next earnings report on Tuesday, July 30th.
On average, analysts expect that Regional Management will report full year sales of $339.70 million for the current financial year, with estimates ranging from $335.45 million to $343.94 million. For the next fiscal year, analysts forecast that the company will post sales of $371.11 million, with estimates ranging from $365.80 million to $376.42 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Regional Management.
Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, May 8th. The credit services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.12). Regional Management had a net margin of 11.02% and a return on equity of 13.80%. The company had revenue of $81.75 million during the quarter, compared to analyst estimates of $85.00 million.
Several equities research analysts recently commented on RM shares. Zacks Investment Research cut Regional Management from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Janney Montgomery Scott raised Regional Management from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. ValuEngine raised Regional Management from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. JMP Securities reaffirmed a “buy” rating and set a $34.00 target price on shares of Regional Management in a research note on Sunday, February 17th. Finally, BTIG Research started coverage on Regional Management in a research note on Friday, February 22nd. They set a “buy” rating and a $36.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $32.50.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Regional Management by 50.3% in the fourth quarter. BlackRock Inc. now owns 945,960 shares of the credit services provider’s stock valued at $22,751,000 after acquiring an additional 316,748 shares during the period. Vanguard Group Inc. grew its stake in Regional Management by 0.3% in the third quarter. Vanguard Group Inc. now owns 554,592 shares of the credit services provider’s stock valued at $15,989,000 after acquiring an additional 1,890 shares during the period. Vanguard Group Inc grew its stake in Regional Management by 0.3% in the third quarter. Vanguard Group Inc now owns 554,592 shares of the credit services provider’s stock valued at $15,989,000 after acquiring an additional 1,890 shares during the period. Renaissance Technologies LLC grew its stake in Regional Management by 2.2% in the first quarter. Renaissance Technologies LLC now owns 454,937 shares of the credit services provider’s stock valued at $11,110,000 after acquiring an additional 9,937 shares during the period. Finally, Cannell Capital LLC grew its stake in Regional Management by 152.4% in the fourth quarter. Cannell Capital LLC now owns 393,455 shares of the credit services provider’s stock valued at $9,463,000 after acquiring an additional 237,567 shares during the period. 87.23% of the stock is owned by hedge funds and other institutional investors.
NYSE RM traded up $0.39 during trading hours on Friday, hitting $24.11. 18,752 shares of the company’s stock were exchanged, compared to its average volume of 37,536. Regional Management has a 1-year low of $22.90 and a 1-year high of $37.21. The stock has a market capitalization of $288.07 million, a P/E ratio of 7.61 and a beta of 0.97. The company has a debt-to-equity ratio of 2.25, a current ratio of 51.35 and a quick ratio of 51.35.
Regional Management Company Profile
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 traditional lenders. The company offers small and large installment loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.
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