$80.54 Million in Sales Expected for Regional Management Corp (RM) This Quarter

Wall Street analysts expect that Regional Management Corp (NYSE:RM) will post sales of $80.54 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Regional Management’s earnings, with estimates ranging from $78.96 million to $82.11 million. Regional Management posted sales of $72.42 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.2%. The business is expected to announce its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Regional Management will report full year sales of $339.85 million for the current financial year, with estimates ranging from $335.76 million to $343.94 million. For the next financial year, analysts forecast that the company will post 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 follow Regional Management.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, May 8th. The credit services provider reported $0.67 earnings per share (EPS) 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 firm had revenue of $81.75 million during the quarter, compared to the consensus estimate of $85.00 million.

A number of equities research analysts have recently issued reports on the stock. JMP Securities reissued a “buy” rating and issued a $34.00 price target on shares of Regional Management in a report on Sunday, February 17th. Zacks Investment Research downgraded shares of Regional Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 16th. ValuEngine raised shares of Regional Management from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. BTIG Research started coverage on shares of Regional Management in a research note on Friday, February 22nd. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Janney Montgomery Scott raised shares of Regional Management from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $32.50.

RM traded down $0.31 during trading on Friday, hitting $23.59. 1,080 shares of the company traded hands, compared to its average volume of 46,943. The firm has a market cap of $292.74 million, a P/E ratio of 7.47 and a beta of 0.97. Regional Management has a one year low of $22.90 and a one year high of $37.21. The company has a debt-to-equity ratio of 2.25, a quick ratio of 51.35 and a current ratio of 51.35.

Institutional investors have recently modified their holdings of the company. SEI Investments Co bought a new stake in Regional Management in the first quarter valued at $25,000. Charles Schwab Investment Management Inc. boosted its holdings in Regional Management by 4.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 143,453 shares of the credit services provider’s stock valued at $3,504,000 after acquiring an additional 5,916 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Regional Management by 2.2% in the first quarter. Renaissance Technologies LLC now owns 454,937 shares of the credit services provider’s stock valued at $11,110,000 after acquiring an additional 9,937 shares in the last quarter. Citigroup Inc. boosted its holdings in Regional Management by 398.7% in the first quarter. Citigroup Inc. now owns 5,919 shares of the credit services provider’s stock valued at $145,000 after acquiring an additional 4,732 shares in the last quarter. Finally, Signia Capital Management LLC boosted its holdings in Regional Management by 84.5% in the first quarter. Signia Capital Management LLC now owns 75,646 shares of the credit services provider’s stock valued at $1,847,000 after acquiring an additional 34,644 shares in the last quarter. Hedge funds and other institutional investors own 87.23% of the company’s stock.

About Regional Management

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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