Wall Street brokerages expect that Regional Management Corp (NYSE:RM) will report earnings per share (EPS) of $0.60 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Regional Management’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.64. Regional Management posted earnings per share of $0.56 during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The business is expected to announce its next earnings report after the market closes on Tuesday, February 13th.
According to Zacks, analysts expect that Regional Management will report full-year earnings of $2.18 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $2.88 per share, with EPS estimates ranging from $2.63 to $3.28. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Regional Management.
Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, November 8th. The credit services provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). The business had revenue of $69.19 million during the quarter, compared to the consensus estimate of $68.81 million. Regional Management had a return on equity of 12.62% and a net margin of 9.66%.
A number of equities research analysts have recently weighed in on RM shares. Jefferies Group reiterated a “buy” rating and issued a $33.00 price objective on shares of Regional Management in a research report on Thursday, January 11th. ValuEngine upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Zacks Investment Research lowered Regional Management from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. BMO Capital Markets reiterated a “hold” rating and issued a $25.00 price objective on shares of Regional Management in a research report on Sunday, November 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $27.00 price objective on shares of Regional Management in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Regional Management currently has a consensus rating of “Hold” and a consensus price target of $29.00.
Shares of Regional Management (NYSE:RM) traded down $0.72 during mid-day trading on Friday, hitting $27.83. The stock had a trading volume of 32,069 shares, compared to its average volume of 76,120. The company has a market cap of $324.69, a price-to-earnings ratio of 12.82 and a beta of 1.42. Regional Management has a 12-month low of $18.31 and a 12-month high of $29.15. The company has a current ratio of 39.39, a quick ratio of 39.39 and a debt-to-equity ratio of 2.34.
In other news, major shareholder Basswood Capital Management, L purchased 7,881 shares of the company’s stock in a transaction that occurred on Saturday, December 29th. The shares were bought at an average cost of $26.40 per share, for a total transaction of $208,058.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Second Curve Capital LLC raised its stake in Regional Management by 67.5% during the third quarter. Second Curve Capital LLC now owns 633,034 shares of the credit services provider’s stock valued at $15,326,000 after buying an additional 255,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Regional Management by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 796,386 shares of the credit services provider’s stock valued at $18,819,000 after buying an additional 88,569 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Regional Management by 436.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 84,214 shares of the credit services provider’s stock valued at $2,216,000 after buying an additional 68,514 shares during the last quarter. Vanguard Group Inc. raised its stake in Regional Management by 7.1% during the second quarter. Vanguard Group Inc. now owns 695,053 shares of the credit services provider’s stock valued at $16,424,000 after buying an additional 46,288 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Regional Management by 71.1% during the second quarter. Parametric Portfolio Associates LLC now owns 81,069 shares of the credit services provider’s stock valued at $1,916,000 after buying an additional 33,694 shares during the last quarter. Institutional investors own 87.14% of the company’s stock.
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About Regional Management
Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.
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