Equities research analysts expect Regional Management Corp (NYSE:RM) to report sales of $80.54 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Regional Management’s earnings. The lowest sales estimate is $78.96 million and the highest is $82.11 million. Regional Management reported sales of $72.42 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.2%. The company is scheduled to announce its next quarterly earnings report on Tuesday, July 30th.
According to Zacks, analysts expect that Regional Management will report full-year sales of $339.85 million for the current year, with estimates ranging from $335.76 million to $343.94 million. For the next year, analysts expect that the business will report sales of $371.34 million, with estimates ranging from $366.26 million to $376.42 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Regional Management.
Regional Management (NYSE:RM) last announced its earnings results on Wednesday, May 8th. The credit services provider reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.12). Regional Management had a return on equity of 13.80% and a net margin of 11.02%. The business had revenue of $81.75 million for the quarter, compared to analyst estimates of $85.00 million.
Several analysts have issued reports on the company. Zacks Investment Research cut Regional Management from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. ValuEngine cut Regional Management from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 27th. BTIG Research assumed coverage on Regional Management in a report on Friday, February 22nd. They issued a “buy” rating and a $36.00 target price for the company. Janney Montgomery Scott upgraded Regional Management from a “neutral” rating to a “buy” rating in a report on Thursday, May 9th. Finally, JMP Securities restated a “buy” rating and issued a $34.00 target price on shares of Regional Management in a report on Sunday, February 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.50.
A number of large investors have recently modified their holdings of the business. SEI Investments Co acquired a new position in Regional Management during the 1st quarter worth about $25,000. Citigroup Inc. lifted its stake in Regional Management by 7,813.3% during the 4th quarter. Citigroup Inc. now owns 1,187 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 1,172 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Regional Management by 210.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,948 shares of the credit services provider’s stock worth $48,000 after acquiring an additional 1,321 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Regional Management by 358.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,845 shares of the credit services provider’s stock worth $92,000 after acquiring an additional 3,007 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Regional Management by 236.3% during the 1st quarter. JPMorgan Chase & Co. now owns 8,001 shares of the credit services provider’s stock worth $196,000 after acquiring an additional 5,622 shares in the last quarter. Institutional investors own 87.21% of the company’s stock.
Shares of RM traded down $0.03 during trading hours on Friday, hitting $24.04. 43 shares of the stock were exchanged, compared to its average volume of 37,902. The company has a debt-to-equity ratio of 2.25, a quick ratio of 51.35 and a current ratio of 51.35. The stock has a market capitalization of $287.59 million, a price-to-earnings ratio of 7.54 and a beta of 0.97. Regional Management has a 12-month low of $22.90 and a 12-month high of $37.21.
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 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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