Stock analysts predict that Regional Management Corp. (New York Stock Exchange:RM – get rating) will record sales of $123.49 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for regional management earnings, with the lower estimate for sales at $123.20 million and the higher estimate at $123.77 million. Regional management posted sales of $99.68 million during the same quarter last year, suggesting a positive year-over-year growth rate of 23.9%. The company is scheduled to report its next quarterly earnings results on Monday, January 1.
According to Zacks, analysts expect regional management to report annual sales of $506.22 million for the current fiscal year, with estimates ranging from $504.79 million to $507.66 million. For the next fiscal year, analysts expect the business to post sales of $548.87 million, with estimates ranging from $548.61 million to $549.12 million. Zacks Investment Research sales averages are an average based on a survey of sell-side research firms covering regional management.
Regional Management (New York Stock Exchange:RM – get rating) last published its quarterly earnings results on Wednesday, May 4. The credit service provider reported earnings per share of $2.67 for the quarter, beating the consensus estimate of $1.91 by $0.76. The company had revenue of $120.85 million during the quarter, compared to the consensus estimate of $117.18 million. The Regional Management had a net margin of 19.92% and a return on capital of 31.62%. During the same period last year, the company posted earnings per share of $2.31.
Several brokerage houses have issued reports on RM. StockNews.com downgraded shares of Regional Management from a “strong buy” rating to a “buy” rating in a research report on Friday, April 8. Zacks Investment Research lowered shares of Regional Management from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10.
In other news, Director Sandra K. Johnson sold 1,687 shares of Regional Management in a transaction that occurred on Monday, May 23. The shares were sold at an average price of $44.77, for a total value of $75,526.99. Following the completion of the sale, the director now directly owns 4,997 shares of the company, valued at $223,715.69. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. In addition, general manager Robert William Beck sold 5,000 shares of the capital stock of Regional Management in a transaction that occurred on Tuesday, March 8. The shares were sold at an average price of $47.74, for a total transaction of $238,700.00. Disclosure of this sale can be found here. The members of the company own 8.90% of the company’s shares.
Several hedge funds and other institutional investors have recently made changes to their stock positions. Citigroup Inc. increased its holdings in Regional Management by 132.7% during the third quarter. Citigroup Inc. now owns 910 shares of the credit services provider valued at $53,000 after buying an additional 519 shares last quarter. Quantbot Technologies LP increased its shareholding in Regional Management by 120.0% in the first quarter. Quantbot Technologies LP now owns 1,100 shares of the credit services provider worth $53,000 after buying an additional 600 shares last quarter. Lazard Asset Management LLC increased its stake in Regional Management stock by 61.3% in the fourth quarter. Lazard Asset Management LLC now owns 953 shares of the credit service provider worth $54,000 after buying an additional 362 shares last quarter. Dorsey Wright & Associates increased its holding in Regional Management stock by 15.6% in the fourth quarter. Dorsey Wright & Associates now owns 1,540 shares of the credit service provider worth $88,000 after buying an additional 208 shares last quarter. Finally, BNP Paribas Arbitrage SA increased its participation in Regional Management shares by 482.3% in the third quarter. BNP Paribas Arbitrage SA now owns 1,846 shares of the credit service provider worth $107,000 after buying an additional 1,529 shares last quarter. Institutional investors own 89.95% of the company’s shares.
Actions of RM actions opened at $47.36 on Friday. Regional Management has a 52-week minimum of $41.68 and a 52-week maximum of $67.60. The firm has a debt-to-equity ratio of 3.76, a quick ratio of 30.17, and a current ratio of 30.17. The company has a 50-day simple moving average of $46.07 and a 200-day simple moving average of $51.17. The company has a market capitalization of $458.07 million, a price-earnings ratio of 5.45, and a beta of 1.33.
The company also recently announced a quarterly dividend, to be paid on Wednesday, June 15. Shareholders of record on Wednesday May 25 will receive a dividend of $0.30. The ex-dividend date of this dividend is Tuesday, May 24. This represents an annualized dividend of $1.20 and a dividend yield of 2.53%. The dividend payment index of the Regional Management is 13.81%.
Regional Management Company Profile (get rating)
Regional Management Corp., a diversified consumer finance company, offers various installment loan products primarily to customers with limited access to consumer credit from banks, savings banks, 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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