Zacks: Brokerages Expect Regional Management Corp. (NYSE:RM) Will Announce Quarterly Sales of $123.49 Million

Wall Street brokerages predict that Regional Management Corp. (NYSE:RMGet Rating) will announce sales of $123.49 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Regional Management’s earnings, with estimates ranging from $123.20 million to $123.77 million. Regional Management posted sales of $99.68 million in the same quarter last year, which indicates a positive year over year growth rate of 23.9%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Regional Management will report full-year sales of $506.22 million for the current financial year, with estimates ranging from $504.79 million to $507.66 million. For the next fiscal year, analysts expect that the company will report sales of $548.87 million, with estimates ranging from $548.61 million to $549.12 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Regional Management.

Regional Management (NYSE:RMGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The credit services provider reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.76. Regional Management had a net margin of 19.92% and a return on equity of 31.62%. During the same quarter in the previous year, the business earned $2.31 EPS.

Several research firms have commented on RM. Zacks Investment Research downgraded Regional Management from a “buy” rating to a “hold” rating in a report on Tuesday. StockNews.com downgraded Regional Management from a “strong-buy” rating to a “buy” rating in a report on Friday, April 8th.

In related news, Director Basswood Capital Management, L sold 2,367 shares of Regional Management stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $53.92, for a total transaction of $127,628.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert William Beck sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $47.74, for a total value of $238,700.00. The disclosure for this sale can be found here. Insiders own 9.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dorsey Wright & Associates boosted its stake 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 worth $88,000 after acquiring an additional 208 shares during the last quarter. Diversified Trust Co boosted its stake 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 worth $226,000 after acquiring an additional 221 shares during the last quarter. Deutsche Bank AG boosted its stake 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 worth $278,000 after acquiring an additional 264 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Regional Management by 0.4% in 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 last quarter. Finally, UBS Group AG boosted its stake in shares of Regional Management by 7.7% in 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 last quarter. 89.95% of the stock is currently owned by institutional investors.

RM stock traded up $0.75 during midday trading on Friday, reaching $43.12. The company’s stock had a trading volume of 72,914 shares, compared to its average volume of 44,468. Regional Management has a 1 year low of $41.65 and a 1 year high of $67.60. The firm has a market capitalization of $416.97 million, a price-to-earnings ratio of 4.96 and a beta of 1.33. The stock has a fifty day simple moving average of $46.25 and a two-hundred day simple moving average of $51.90. The company has a debt-to-equity ratio of 3.76, a quick ratio of 27.76 and a current ratio of 30.17.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, May 25th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, May 24th. This represents a $1.20 annualized dividend and a yield of 2.78%. Regional Management’s dividend payout ratio (DPR) is presently 13.81%.

Regional Management Company Profile (Get Rating)

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

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