Wall Street analysts expect Regional Management Corp. (NYSE:RM – Get a rating) will announce sales of $116.25 million for the current quarter, Zacks reports. Two analysts have released Regional Branch earnings estimates. The lowest sales estimate is $114.28 million and the highest is $118.21 million. Regional management reported sales of $99.68 million in the same quarter last year, indicating a positive growth rate of 16.6% year-over-year. The company is due to announce its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect regional management to report annual revenue of $496.86 million for the current fiscal year, with estimates ranging from $488.94 million to $504.79. millions of dollars. For the next fiscal year, analysts expect the company to post sales of $551.60 million, with estimates ranging from $547.74 million to $555.46 million. Zacks sales averages are an average based on a survey of research companies that cover regional management.
Regional Directorate (NYSE:RM – Get a rating) last reported quarterly earnings data on Wednesday, May 4. The credit service provider reported earnings per share of $2.67 for the quarter, beating the consensus estimate of $1.91 by $0.76. Regional Management posted a return on equity of 31.59% and a net margin of 20.70%. During the same period last year, the company posted earnings per share of $2.31.
A number of equity research analysts have recently commented on RM’s stock. Zacks Investment Research upgraded regional management from a “sell” to a “hold” rating in a report released Wednesday. StockNews.com downgraded regional management from a “strong buy” rating to a “buy” rating in a Friday, April 8 research report.
In related news, CEO Robert William Beck sold 5,000 shares of the company in a trade dated Tuesday, March 8. The shares were sold at an average price of $47.74, for a total transaction of $238,700.00. The transaction was disclosed in an SEC filing, available at this hyperlink. Additionally, Basswood Capital Management director L sold 2,367 shares of Regional Management in a trade on Wednesday, February 16. The stock was sold at an average price of $53.92, for a total value of $127,628.64. Disclosure of this sale can be found here. 9.70% of the shares are held by company insiders.
Several hedge funds have recently changed their holdings in the company. Citigroup Inc. increased its holdings in regional management by 132.7% during the third quarter. Citigroup Inc. now owns 910 shares of the credit services provider valued at $53,000 after buying an additional 519 shares in the last quarter. Lazard Asset Management LLC increased its holdings in regional management by 61.3% during the 4th quarter. Lazard Asset Management LLC now owns 953 shares of the credit service provider worth $54,000 after acquiring 362 additional shares in the last quarter. Dorsey Wright & Associates increased its holdings of Regional Management shares by 15.6% during the fourth quarter. Dorsey Wright & Associates now owns 1,540 shares of the credit services provider worth $88,000 after buying 208 more shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Regional Management shares by 482.3% during the third quarter. BNP Paribas Arbitrage SA now owns 1,846 shares of the credit services provider worth $107,000 after buying an additional 1,529 shares last quarter. Finally, Denali Advisors LLC acquired a new position in regional management in Q4 worth approximately $132,000. Institutional investors and hedge funds own 89.95% of the company’s shares.
Shares of Regional management stock opened at $46.21 on Friday. Regional management has a one-year low of $41.65 and a one-year high of $67.60. The company has a debt ratio of 3.88, a quick ratio of 27.76 and a current ratio of 27.76. The stock’s fifty-day moving average is $46.89 and its 200-day moving average is $52.38. The stock has a market capitalization of $452.40 million, a P/E ratio of 5.32 and a beta of 1.33.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15. Investors of record on Wednesday, May 25 will receive a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 24. This represents an annualized dividend of $1.20 and a yield of 2.60%. The Regional Division’s payout rate is currently 13.81%.
Regional Management Company Profile (Get a rating)
Regional Management Corp., a diversified consumer finance company, offers 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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