Regional Management Corp (RM) Expected to Announce Quarterly Sales of $85.00 Million

Wall Street brokerages predict that Regional Management Corp (NYSE:RM) will report sales of $85.00 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Regional Management’s earnings. The highest sales estimate is $86.63 million and the lowest is $83.36 million. Regional Management posted sales of $72.63 million during the same quarter last year, which would indicate a positive year over year growth rate of 17%. The company is scheduled to report its next earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that Regional Management will report full-year sales of $352.53 million for the current fiscal year, with estimates ranging from $342.78 million to $362.28 million. For the next financial year, analysts anticipate that the firm will post sales of $369.52 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Regional Management.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.11. Regional Management had a return on equity of 14.51% and a net margin of 11.52%. The business had revenue of $83.75 million during the quarter, compared to the consensus estimate of $82.44 million.

RM has been the topic of several recent analyst reports. ValuEngine lowered Regional Management from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 27th. Zacks Investment Research cut shares of Regional Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $27.00 target price on shares of Regional Management in a report on Monday, January 7th. BTIG Research started coverage on shares of Regional Management in a research report on Friday, February 22nd. They set a “buy” rating and a $36.00 price target on the stock. Finally, Stephens reaffirmed a “hold” rating and set a $33.00 price target on shares of Regional Management in a research report on Sunday, January 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.83.

NYSE:RM traded down $0.10 during trading hours on Wednesday, reaching $24.68. 76,000 shares of the stock were exchanged, compared to its average volume of 33,824. The company has a market cap of $292.19 million, a P/E ratio of 7.79 and a beta of 1.00. Regional Management has a twelve month low of $22.90 and a twelve month high of $37.21. The company has a quick ratio of 36.76, a current ratio of 36.76 and a debt-to-equity ratio of 2.33.

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of Regional Management by 21.8% during the fourth quarter. Geode Capital Management LLC now owns 106,850 shares of the credit services provider’s stock worth $2,568,000 after buying an additional 19,106 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Regional Management by 13.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 19,034 shares of the credit services provider’s stock worth $458,000 after acquiring an additional 2,288 shares during the period. Millennium Management LLC increased its stake in Regional Management by 44.6% during the 4th quarter. Millennium Management LLC now owns 83,297 shares of the credit services provider’s stock worth $2,003,000 after acquiring an additional 25,687 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in Regional Management by 358.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,845 shares of the credit services provider’s stock valued at $92,000 after acquiring an additional 3,007 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in Regional Management by 5.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 80,083 shares of the credit services provider’s stock valued at $1,926,000 after acquiring an additional 4,291 shares in the last quarter. 87.21% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Regional Management (NYSE:RM)

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