Regional Management (NYSE:RM – Get Free Report) issued its quarterly earnings results on Wednesday. The credit services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.69, Zacks reports. Regional Management had a return on equity of 8.85% and a net margin of 2.89%. The company had revenue of $144.31 million during the quarter, compared to the consensus estimate of $140.02 million. During the same period last year, the business posted $0.90 earnings per share.
Regional Management Stock Up 7.4 %
Shares of RM traded up $1.88 during mid-day trading on Thursday, reaching $27.17. The company had a trading volume of 17,518 shares, compared to its average volume of 23,491. The company has a debt-to-equity ratio of 4.33, a quick ratio of 41.16 and a current ratio of 41.17. The firm has a 50-day moving average price of $24.29 and a 200 day moving average price of $24.17. Regional Management has a 52 week low of $20.50 and a 52 week high of $34.60. The company has a market capitalization of $268.17 million, a price-to-earnings ratio of 16.71 and a beta of 1.45.
Regional Management Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 22nd were given a $0.30 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.42%. Regional Management’s dividend payout ratio is currently 73.17%.
Insider Activity at Regional Management
Analyst Ratings Changes
Several equities research analysts recently issued reports on RM shares. Stephens reissued an “equal weight” rating and set a $30.00 price objective on shares of Regional Management in a research note on Thursday, February 8th. StockNews.com raised Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 2nd.
Get Our Latest Research Report on RM
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 lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.
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