$0.69 EPS Expected for Regional Management Corp (RM) This Quarter

Equities analysts forecast that Regional Management Corp (NYSE:RM) will post earnings per share of $0.69 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Regional Management’s earnings. The highest EPS estimate is $0.74 and the lowest is $0.64. Regional Management posted earnings of $0.65 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The business is expected to issue its next earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Regional Management will report full-year earnings of $3.16 per share for the current financial year, with EPS estimates ranging from $3.04 to $3.34. For the next fiscal year, analysts forecast that the firm will post earnings of $3.62 per share, with EPS estimates ranging from $3.48 to $3.75. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Regional Management.

Regional Management (NYSE:RM) last posted its earnings results on Tuesday, February 13th. The credit services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Regional Management had a return on equity of 12.80% and a net margin of 11.00%. The business had revenue of $72.11 million during the quarter, compared to the consensus estimate of $71.86 million.

Several analysts have recently weighed in on RM shares. ValuEngine downgraded Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 13th. BMO Capital Markets reissued a “hold” rating and issued a $32.00 target price on shares of Regional Management in a report on Monday, January 8th. Zacks Investment Research downgraded Regional Management from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $27.00 price objective on shares of Regional Management in a research note on Friday, December 22nd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $33.00 price objective on shares of Regional Management in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $29.00.

Regional Management (NYSE RM) traded down $0.13 during trading on Wednesday, hitting $30.95. The stock had a trading volume of 91,809 shares, compared to its average volume of 93,149. Regional Management has a fifty-two week low of $18.31 and a fifty-two week high of $35.34. The company has a debt-to-equity ratio of 2.34, a current ratio of 39.39 and a quick ratio of 39.39. The stock has a market cap of $370.99, a P/E ratio of 12.19 and a beta of 1.42.

In other Regional Management news, major shareholder Basswood Capital Management, L sold 25,962 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $27.55, for a total transaction of $715,253.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position in Regional Management by 43.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 17,166 shares of the credit services provider’s stock worth $415,000 after purchasing an additional 5,236 shares during the period. Bowling Portfolio Management LLC grew its holdings in shares of Regional Management by 30.8% in the 4th quarter. Bowling Portfolio Management LLC now owns 73,492 shares of the credit services provider’s stock worth $1,934,000 after acquiring an additional 17,317 shares during the period. Second Curve Capital LLC grew its holdings in shares of Regional Management by 67.5% in the 3rd quarter. Second Curve Capital LLC now owns 633,034 shares of the credit services provider’s stock worth $15,326,000 after acquiring an additional 255,000 shares during the period. American Century Companies Inc. grew its holdings in shares of Regional Management by 8.0% in the 3rd quarter. American Century Companies Inc. now owns 180,253 shares of the credit services provider’s stock worth $4,364,000 after acquiring an additional 13,351 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Regional Management by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 695,053 shares of the credit services provider’s stock worth $16,424,000 after acquiring an additional 46,288 shares during the period. Institutional investors own 85.61% of the company’s stock.

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Regional Management Company Profile

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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Earnings History and Estimates for Regional Management (NYSE:RM)

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