Wall Street analysts expect Regional Management Corp. (NYSE:RM) will post revenue of $116.84 million for the current quarter, Zacks Investment Research reports. Two analysts provided regional management earnings estimates, with estimates ranging from $116.67 million to $117.00 million. Regional management reported sales of $97.44 million in the same quarter last year, suggesting a positive growth rate of 19.9% year-over-year. The company is expected to release its next results after the market closes on Wednesday, February 9.
On average, analysts expect regional management to report annual revenue of $425.71 million for the current fiscal year, with estimates ranging from $425.54 million to $425.87 millions of dollars. For the next fiscal year, analysts expect the company to 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 sell-side research analysts who cover regional management.
Regional Management (NYSE:RM) last released its quarterly earnings data on Monday, November 1. The credit services provider reported earnings per share (EPS) of $2.11 for the quarter, beating consensus analyst estimates of $1.56 by $0.55. The company posted revenue of $111.46 million for the quarter, compared to $103.32 million expected by analysts. Regional Management generated a net margin of 20.25% and a return on equity of 29.58%. In the same quarter of the previous year, the company had earned earnings per share of $1.01.
Several equity research analysts have recently weighed in on RM shares. JMP Securities downgraded the regional management’s shares from an “outperforming” rating to a “market performing” rating in a Wednesday, September 29 research note. Zacks Investment Research upgraded the regional leadership’s stock from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a Friday, Nov. 5, report.
Shares of regional management opened at $50.98 on Tuesday. The company has a debt ratio of 3.49, a current ratio of 34.12 and a quick ratio of 34.12. The company has a 50-day moving average price of $56.55. Regional leadership has a 52-week low of $26.61 and a 52-week high of $67.60. The stock has a market capitalization of $505.31 million, a PE ratio of 6.73 and a beta of 1.30.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 15. Investors of record on Wednesday, November 24 received a dividend of $0.25 per share. This represents an annualized dividend of $1.00 and a dividend yield of 1.96%. The ex-dividend date was Tuesday, November 23. The Regional Management dividend distribution rate is currently 13.21%.
In other regional management news, Basswood Capital Management director L sold 58,359 shares of the company in a trade dated Monday, November 22. The stock was sold at an average price of $64.19, for a total value of $3,746,064.21. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Also, CEO Robert William Beck sold 3,000 shares of Regional Management in a trade dated Thursday, November 11. The shares were sold at 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 ninety days, insiders have sold 94,865 shares of the company valued at $5,927,941. Company insiders hold 9.70% of the company’s stock.
A number of large investors have recently increased or reduced their stake in RM. Koshinski Asset Management Inc. acquired a new regional management position during Q3 valued at $25,000. Lazard Asset Management LLC purchased a new stake in Regional Management stock in Q2 for $30,000. Citigroup Inc. increased its stake in Regional Management shares by 132.7% in the third quarter. Citigroup Inc. now owns 910 shares of the credit service provider worth $53,000 after buying 519 more shares last quarter. Federated Hermes Inc. bought a new stake in Regional Management stock in Q2 for $51,000. Finally, Advisor Group Holdings Inc. acquired a new stake in the shares of Regional Management during the second quarter at a value of $55,000. Institutional investors and hedge funds own 80.60% of the company’s shares.
About regional management
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 warranty protection products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is based in Greer, SC.
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