Analysts predict that Regional Management Corp (NYSE:RM) will announce sales of $78.72 million for the current quarter, according to Zacks. Two analysts have made estimates for Regional Management’s earnings, with the highest sales estimate coming in at $80.81 million and the lowest estimate coming in at $76.63 million. Regional Management reported sales of $69.19 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The firm is scheduled to report its next quarterly earnings report on Wednesday, November 14th.
According to Zacks, analysts expect that Regional Management will report full year sales of $308.73 million for the current year, with estimates ranging from $302.01 million to $315.46 million. For the next year, analysts forecast that the business will report sales of $359.12 million, with estimates ranging from $342.87 million to $375.37 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Regional Management.
Regional Management (NYSE:RM) last released its quarterly earnings data on Tuesday, July 31st. The credit services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. Regional Management had a net margin of 11.64% and a return on equity of 12.87%. The business had revenue of $72.42 million during the quarter, compared to the consensus estimate of $73.73 million.
A number of brokerages recently commented on RM. Zacks Investment Research downgraded shares of Regional Management from a “buy” rating to a “hold” rating in a report on Saturday, September 8th. BMO Capital Markets increased their price target on shares of Regional Management from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, August 2nd. Stephens reaffirmed a “hold” rating and issued a $37.00 price target on shares of Regional Management in a report on Wednesday, August 1st. ValuEngine downgraded shares of Regional Management from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, TheStreet downgraded shares of Regional Management from a “b” rating to a “c+” rating in a report on Monday, July 16th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Regional Management has a consensus rating of “Hold” and a consensus target price of $34.60.
Shares of NYSE:RM traded down $0.47 during trading on Friday, reaching $28.60. The company’s stock had a trading volume of 454 shares, compared to its average volume of 61,472. The company has a current ratio of 47.26, a quick ratio of 47.26 and a debt-to-equity ratio of 2.28. Regional Management has a 12 month low of $21.50 and a 12 month high of $37.21. The company has a market cap of $339.92 million, a price-to-earnings ratio of 12.90 and a beta of 0.90.
A number of hedge funds and other institutional investors have recently made changes to their positions in RM. Dimensional Fund Advisors LP lifted its stake in Regional Management by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 973,839 shares of the credit services provider’s stock worth $31,007,000 after purchasing an additional 104,066 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Regional Management by 21.3% during the second quarter. Renaissance Technologies LLC now owns 419,536 shares of the credit services provider’s stock worth $14,692,000 after acquiring an additional 73,536 shares during the period. Bowling Portfolio Management LLC purchased a new position in shares of Regional Management during the second quarter worth approximately $1,884,000. Schwab Charles Investment Management Inc. increased its position in shares of Regional Management by 38.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 116,827 shares of the credit services provider’s stock worth $3,720,000 after acquiring an additional 32,613 shares during the period. Finally, EAM Global Investors LLC purchased a new position in shares of Regional Management during the first quarter worth approximately $994,000. 86.02% of the stock is owned by institutional investors and hedge funds.
About Regional Management
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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