Wall Street analysts expect that Regional Management Corp (NYSE:RM) will announce earnings of $1.08 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Regional Management’s earnings. The highest EPS estimate is $1.08 and the lowest is $1.07. Regional Management reported earnings of $0.90 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The company is scheduled to issue its next earnings results on Tuesday, February 11th.
On average, analysts expect that Regional Management will report full year earnings of $3.52 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.53. For the next financial year, analysts expect that the firm will report earnings of $4.10 per share, with EPS estimates ranging from $4.06 to $4.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Regional Management.
Regional Management (NYSE:RM) last released its quarterly earnings results on Wednesday, November 6th. The credit services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.99 by $0.09. Regional Management had a return on equity of 13.80% and a net margin of 11.66%. The business had revenue of $91.71 million during the quarter, compared to analyst estimates of $87.78 million.
Shares of RM traded down $0.26 during midday trading on Friday, hitting $32.79. 28,980 shares of the stock were exchanged, compared to its average volume of 49,611. Regional Management has a 52-week low of $22.90 and a 52-week high of $34.93. The stock has a fifty day simple moving average of $29.66 and a 200 day simple moving average of $26.93. The firm has a market cap of $364.45 million, a P/E ratio of 10.34 and a beta of 1.01. The company has a debt-to-equity ratio of 2.57, a quick ratio of 39.86 and a current ratio of 39.86.
In other news, Director Michael R. Dunn sold 28,795 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $28.01, for a total transaction of $806,547.95. Following the completion of the transaction, the director now directly owns 63,656 shares in the company, valued at $1,783,004.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Basswood Capital Management, L sold 75,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $25.85, for a total value of $1,938,750.00. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Hancock Whitney Corp raised its stake in shares of Regional Management by 18.2% in the second quarter. Hancock Whitney Corp now owns 10,896 shares of the credit services provider’s stock valued at $287,000 after acquiring an additional 1,677 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Regional Management by 12.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 87,488 shares of the credit services provider’s stock valued at $2,464,000 after acquiring an additional 9,759 shares in the last quarter. BlackRock Inc. raised its stake in shares of Regional Management by 6.7% in the second quarter. BlackRock Inc. now owns 1,005,116 shares of the credit services provider’s stock valued at $26,505,000 after acquiring an additional 63,350 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Regional Management by 91.1% in the third quarter. Assenagon Asset Management S.A. now owns 23,620 shares of the credit services provider’s stock valued at $665,000 after acquiring an additional 11,263 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Regional Management by 1,428.6% in the second quarter. Morgan Stanley now owns 23,831 shares of the credit services provider’s stock valued at $628,000 after acquiring an additional 22,272 shares in the last quarter. Institutional investors and hedge funds own 87.93% of the company’s stock.
About Regional Management
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 traditional lenders. The company offers small and large installment 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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