Regional Management Corp (RM) Expected to Announce Quarterly Sales of $85.00 Million

Wall Street brokerages expect that Regional Management Corp (NYSE:RM) will post sales of $85.00 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Regional Management’s earnings, with the highest sales estimate coming in at $86.63 million and the lowest estimate coming in at $83.36 million. Regional Management reported sales of $72.63 million during the same quarter last year, which indicates a positive year over year growth rate of 17%. The business is expected to issue its next quarterly earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that Regional Management will report full year sales of $352.53 million for the current year, with estimates ranging from $342.78 million to $362.28 million. For the next fiscal year, analysts anticipate that the business will report sales of $369.52 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Regional Management.

Regional Management (NYSE:RM) last released its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.11. Regional Management had a return on equity of 14.51% and a net margin of 11.52%. The company had revenue of $83.75 million during the quarter, compared to analysts’ expectations of $82.44 million.



A number of equities analysts have recently weighed in on RM shares. Zacks Investment Research upgraded Regional Management from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, November 14th. Stephens reissued a “hold” rating and set a $33.00 price target on shares of Regional Management in a research report on Sunday, January 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 price target on shares of Regional Management in a research report on Monday, January 7th. ValuEngine raised shares of Regional Management from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, JMP Securities reaffirmed a “buy” rating and issued a $34.00 target price on shares of Regional Management in a research report on Sunday, February 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.83.

Shares of NYSE RM traded down $0.22 during trading hours on Monday, reaching $27.30. 769 shares of the stock were exchanged, compared to its average volume of 28,824. The firm has a market cap of $324.46 million, a P/E ratio of 8.61 and a beta of 1.01. The company has a current ratio of 36.76, a quick ratio of 44.21 and a debt-to-equity ratio of 2.33. Regional Management has a 52 week low of $22.90 and a 52 week high of $37.21.

Several institutional investors have recently modified their holdings of RM. First Trust Advisors LP boosted its stake in shares of Regional Management by 34.5% during the 3rd quarter. First Trust Advisors LP now owns 14,505 shares of the credit services provider’s stock worth $418,000 after acquiring an additional 3,721 shares during the last quarter. Seizert Capital Partners LLC purchased a new position in shares of Regional Management during the 3rd quarter worth $700,000. Martingale Asset Management L P purchased a new position in shares of Regional Management during the 3rd quarter worth $257,000. BlackRock Inc. boosted its stake in shares of Regional Management by 3.3% during the 3rd quarter. BlackRock Inc. now owns 629,212 shares of the credit services provider’s stock worth $18,142,000 after acquiring an additional 20,005 shares during the last quarter. Finally, Panagora Asset Management Inc. purchased a new position in shares of Regional Management during the 3rd quarter worth $1,024,000. Institutional investors and hedge funds own 87.21% 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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Earnings History and Estimates for Regional Management (NYSE:RM)

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