Analysts expect that Regional Management Corp (NYSE:RM) will announce $82.44 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Regional Management’s earnings, with estimates ranging from $80.84 million to $84.03 million. Regional Management posted sales of $72.11 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The business is expected to announce its next quarterly earnings results on Tuesday, February 12th.
On average, analysts expect that Regional Management will report full-year sales of $305.39 million for the current financial year, with estimates ranging from $303.79 million to $306.99 million. For the next financial year, analysts anticipate that the company will post sales of $350.70 million, with estimates ranging from $339.72 million to $361.67 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Regional Management.
Regional Management (NYSE:RM) last posted its quarterly earnings data on Thursday, November 8th. The credit services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. Regional Management had a return on equity of 13.74% and a net margin of 12.02%. The business had revenue of $77.92 million for the quarter, compared to the consensus estimate of $78.72 million.
Several research firms recently commented on RM. ValuEngine upgraded Regional Management from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Zacks Investment Research downgraded Regional Management from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Finally, Stephens set a $34.00 price objective on Regional Management and gave the company a “hold” rating in a research note on Friday, November 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.20.
Regional Management stock traded down $0.22 during trading on Friday, hitting $24.60. The stock had a trading volume of 60,634 shares, compared to its average volume of 56,282. Regional Management has a 1 year low of $24.30 and a 1 year high of $37.21. The company has a current ratio of 44.21, a quick ratio of 44.21 and a debt-to-equity ratio of 2.26. The company has a market cap of $292.66 million, a price-to-earnings ratio of 10.88 and a beta of 0.78.
Several large investors have recently bought and sold shares of RM. Massachusetts Financial Services Co. MA lifted its position in shares of Regional Management by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 59,547 shares of the credit services provider’s stock worth $2,085,000 after acquiring an additional 8,154 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Regional Management by 19.7% during the second quarter. First Trust Advisors LP now owns 10,784 shares of the credit services provider’s stock worth $378,000 after acquiring an additional 1,775 shares in the last quarter. Mackay Shields LLC purchased a new stake in shares of Regional Management during the second quarter worth $284,000. Bowling Portfolio Management LLC purchased a new stake in shares of Regional Management during the second quarter worth $1,884,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Regional Management by 534.8% during the second quarter. Russell Investments Group Ltd. now owns 15,019 shares of the credit services provider’s stock worth $526,000 after acquiring an additional 12,653 shares in the last quarter. Hedge funds and other institutional investors own 84.99% 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.
Further Reading: Return on Investment (ROI)
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