Uncategorized

Regional Management Corp. (NYSE:RM) Expected to Post Quarterly Sales of $117.18 Million

Wall Street brokerages expect Regional Management Corp. (NYSE:RMGet Rating) to report sales of $117.18 million for the current quarter, Zacks reports. Two analysts have made estimates for Regional Management’s earnings, with estimates ranging from $116.48 million to $117.88 million. Regional Management reported sales of $97.73 million during the same quarter last year, which indicates a positive year over year growth rate of 19.9%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Regional Management will report full year sales of $492.09 million for the current year, with estimates ranging from $488.94 million to $495.24 million. For the next year, analysts anticipate that the business will report sales of $551.60 million, with estimates ranging from $547.74 million to $555.46 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Regional Management.

Regional Management (NYSE:RMGet Rating) last issued its quarterly earnings data on Wednesday, February 9th. The credit services provider reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.25. The firm had revenue of $119.48 million during the quarter, compared to analysts’ expectations of $116.84 million. Regional Management had a return on equity of 31.59% and a net margin of 20.70%. During the same period in the prior year, the business posted $1.28 EPS.

RM has been the subject of a number of analyst reports. Zacks Investment Research cut Regional Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 2nd. StockNews.com upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 22nd.

Shares of NYSE RM opened at $47.33 on Friday. The company has a debt-to-equity ratio of 3.88, a current ratio of 27.76 and a quick ratio of 27.76. The stock has a market capitalization of $465.25 million, a P/E ratio of 5.68 and a beta of 1.35. Regional Management has a 1-year low of $33.21 and a 1-year high of $67.60. The business has a fifty day moving average price of $49.79 and a 200 day moving average price of $54.90.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 16th. Shareholders of record on Wednesday, February 23rd were paid a $0.30 dividend. The ex-dividend date was Tuesday, February 22nd. This is a boost from Regional Management’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.54%. Regional Management’s dividend payout ratio (DPR) is 14.41%.

In other Regional Management news, CEO Robert William Beck sold 5,000 shares of the stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of $47.74, for a total value of $238,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Basswood Capital Management, L sold 2,367 shares of the stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $53.92, for a total value of $127,628.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,367 shares of company stock valued at $656,179. 9.70% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Dorsey Wright & Associates increased its holdings in shares of Regional Management by 15.6% in the fourth quarter. Dorsey Wright & Associates now owns 1,540 shares of the credit services provider’s stock valued at $88,000 after purchasing an additional 208 shares during the period. Diversified Trust Co increased its holdings in shares of Regional Management by 6.0% in the fourth quarter. Diversified Trust Co now owns 3,935 shares of the credit services provider’s stock valued at $226,000 after purchasing an additional 221 shares during the period. Deutsche Bank AG increased its holdings in shares of Regional Management by 5.8% in the fourth quarter. Deutsche Bank AG now owns 4,839 shares of the credit services provider’s stock valued at $278,000 after purchasing an additional 264 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Regional Management by 0.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 61,976 shares of the credit services provider’s stock worth $3,561,000 after acquiring an additional 275 shares during the period. Finally, UBS Group AG grew its holdings in Regional Management by 7.7% during the third quarter. UBS Group AG now owns 4,461 shares of the credit services provider’s stock worth $259,000 after acquiring an additional 319 shares during the period. 85.57% of the stock is currently owned by institutional investors and hedge funds.

About Regional Management (Get Rating)

Regional Management Corp. engages in the provision of consumer financial services. The firm’s products include small, large, and retail installment loans. It also offers optional payment and collateral protection insurance products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is headquartered in Greer, SC.

Further Reading

Get a free copy of the Zacks research report on Regional Management (RM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Regional Management right now?

Before you consider Regional Management, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Regional Management wasn’t on the list.

While Regional Management currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here