Brokerages expect Regional Management Corp (NYSE:RM) to report earnings per share of $0.65 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Regional Management’s earnings. Regional Management reported earnings of $0.55 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.2%. The business is expected to report its next quarterly earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that Regional Management will report full-year earnings of $3.15 per share for the current year, with EPS estimates ranging from $3.03 to $3.33. For the next fiscal year, analysts expect that the firm will report earnings of $3.65 per share, with EPS estimates ranging from $3.51 to $3.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Regional Management.
Regional Management (NYSE:RM) last announced its quarterly earnings data on Tuesday, May 1st. The credit services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The firm had revenue of $72.63 million for the quarter, compared to analyst estimates of $72.27 million. Regional Management had a net margin of 11.09% and a return on equity of 12.51%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Regional Management from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Wednesday, May 2nd. ValuEngine lowered shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $30.17.
Shares of RM opened at $36.71 on Thursday. The firm has a market cap of $429.52 million, a PE ratio of 14.80 and a beta of 1.18. The company has a debt-to-equity ratio of 2.19, a quick ratio of 48.75 and a current ratio of 48.75. Regional Management has a 1-year low of $21.47 and a 1-year high of $37.21.
In other Regional Management news, insider Basswood Capital Management, L purchased 14,311 shares of the stock in a transaction on Monday, June 4th. The shares were bought at an average cost of $36.58 per share, with a total value of $523,496.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.50% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the business. Teachers Advisors LLC raised its position in shares of Regional Management by 9.4% in the fourth quarter. Teachers Advisors LLC now owns 18,642 shares of the credit services provider’s stock worth $490,000 after acquiring an additional 1,597 shares during the period. Prudential Financial Inc. raised its position in shares of Regional Management by 4.5% in the first quarter. Prudential Financial Inc. now owns 85,596 shares of the credit services provider’s stock worth $2,726,000 after acquiring an additional 3,680 shares during the period. California Public Employees Retirement System raised its position in shares of Regional Management by 13.3% in the first quarter. California Public Employees Retirement System now owns 39,306 shares of the credit services provider’s stock worth $1,252,000 after acquiring an additional 4,606 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Regional Management in the fourth quarter worth about $145,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Regional Management by 7.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 82,369 shares of the credit services provider’s stock worth $2,167,000 after acquiring an additional 5,685 shares during the period. Institutional investors and hedge funds own 85.60% of the company’s stock.
Regional Management Company Profile
Regional Management Corp., a diversified consumer finance company, provides various 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; automobile purchase 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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