Analysts expect Regional Management Corp. (NYSE: RM) Reports Quarterly Revenue of $ 116.84 Million
Equity research analysts predict Regional Management Corp. (NYSE: RM) will report sales of $ 116.84 million for the current quarter, Zacks reports. Two analysts estimated regional management earnings, with the lowest sales estimate at $ 116.67 million and the highest estimate at $ 117.00 million. Regional management posted sales of $ 97.44 million in the same quarter last year, suggesting a positive year-over-year growth rate of 19.9%. The company is expected to report its next quarterly results on Wednesday, February 9.
According to Zacks, analysts expect regional management to report annual sales of $ 425.71 million for the current year, with estimates ranging from $ 425.54 million to $ 425.87 million . For the next fiscal year, analysts predict the company will post sales of $ 471.96 million, with estimates ranging from $ 470.32 million to $ 473.60 million. Zacks Investment Research sales averages are an average based on a survey of seller-side analysts who follow regional management.
Regional management (NYSE: RM) last released its quarterly results on Monday, November 1. The credit service provider reported EPS of $ 2.11 for the quarter, beating the consensus estimate of $ 1.56 by $ 0.55. The company posted revenue of $ 111.46 million in the quarter, compared to analysts’ expectations of $ 103.32 million. Regional Management posted a return on equity of 29.58% and a net margin of 20.25%. In the same quarter of last year, the company achieved earnings per share of $ 1.01.
RM has been the subject of several analyst reports. JMP Securities downgraded regional management from an “outperformance” rating to a “market performance” rating in a research report released on Wednesday, September 29. Zacks investment research upgraded regional management from a “keep” rating to a “buy” rating and set a price target of $ 66.00 for the company in a research report released on Friday, November 5.
In other regional management news, Executive Vice President Brian J. Fisher sold 4,860 shares of the company in a trade on Thursday, November 11. The stock was sold for an average price of $ 60.44, for a total value of $ 293,738.40. The transaction has been disclosed in a legal file with the SEC, which can be accessed through this link. Also, CEO Robert william beck sold 3,000 shares of Regional Management in a transaction dated Thursday, November 11. The stock was sold for an average price of $ 60.98, for a total value of $ 182,940.00. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 89,865 shares of the company valued at $ 5,638,091. 9.70% of the shares are held by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of RM. FMR LLC increased its stake in Regional Management shares to 131,116.0% during the second quarter. FMR LLC now owns 295,236 shares of the credit service provider valued at $ 13,740,000 after purchasing an additional 295,011 shares during the last quarter. Nuveen Asset Management LLC increased its holdings of Regional Management shares by 108.2% during the second quarter. Nuveen Asset Management LLC now owns 192,510 shares of the credit service provider valued at $ 8,959,000 after purchasing an additional 100,059 shares in the last quarter. State Street Corp increased its holdings of Regional Management stocks by 10.8% in the second quarter. State Street Corp now owns 164,233 shares of the credit service provider valued at $ 7,643,000 after purchasing an additional 15,968 shares in the last quarter. Geode Capital Management LLC increased its stake in Regional Management shares by 11.4% during the third quarter. Geode Capital Management LLC now owns 163,734 shares of the credit service provider valued at $ 9,526,000 after purchasing an additional 16,691 shares in the last quarter. Finally, Khrom Capital Management LLC increased its stake in Regional Management shares by 3.3% during the third quarter. Khrom Capital Management LLC now owns 155,139 shares of the credit service provider valued at $ 9,026,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds hold 80.87% of the company’s shares.
Regional Management shares opened at $ 57.40 on Tuesday. The stock has a market cap of $ 568.95 million, a price-to-earnings ratio of 7.58 and a beta of 1.30. Regional management has a minimum of $ 26.61 over 52 weeks and a maximum of $ 67.60 over 52 weeks. The company has a rapid ratio of 34.12, a current ratio of 34.12 and a debt ratio of 3.49. The stock has a 50-day simple moving average of $ 57.58.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15. Shareholders of record on Wednesday, November 24 received a dividend of $ 0.25. This represents an annualized dividend of $ 1.00 and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, November 23. The regional management payout rate is currently 13.21%.
Profile of the regional management company
Regional Management Corp. provides financial services to consumers. The company’s products include small, large and retail installment loans. It also offers optional payment insurance and guarantee protection products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is headquartered in Greer, SC.
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