Regional Management Corp (RM) Expected to Announce Quarterly Sales of $85.00 Million

Wall Street analysts forecast that Regional Management Corp (NYSE:RM) will report $85.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Regional Management’s earnings. The highest sales estimate is $86.63 million and the lowest is $83.36 million. Regional Management reported sales of $72.63 million during the same quarter last year, which indicates a positive year-over-year growth rate of 17%. The firm is scheduled to report its next earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that Regional Management will report full year sales of $352.53 million for the current year, with estimates ranging from $342.78 million to $362.28 million. For the next fiscal year, analysts anticipate that the business will report sales of $369.52 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Regional Management.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.11. The business had revenue of $83.75 million during the quarter, compared to the consensus estimate of $82.44 million. Regional Management had a net margin of 11.52% and a return on equity of 14.51%.

RM has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “buy” rating and issued a $34.00 price target on shares of Regional Management in a research note on Sunday, February 17th. Stephens restated a “hold” rating and set a $33.00 price target on shares of Regional Management in a report on Sunday, January 6th. BTIG Research began coverage on shares of Regional Management in a report on Friday, February 22nd. They set a “buy” rating and a $36.00 price target on the stock. ValuEngine upgraded shares of Regional Management from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $27.00 price target on shares of Regional Management in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $32.83.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. grew its stake in Regional Management by 7,813.3% in the 4th quarter. Citigroup Inc. now owns 1,187 shares of the credit services provider’s stock valued at $28,000 after buying an additional 1,172 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Regional Management by 358.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,845 shares of the credit services provider’s stock valued at $92,000 after buying an additional 3,007 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Regional Management in the 3rd quarter valued at $243,000. MetLife Investment Advisors LLC grew its stake in Regional Management by 54.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 8,503 shares of the credit services provider’s stock valued at $245,000 after buying an additional 3,007 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new position in Regional Management in the 3rd quarter valued at $257,000. Institutional investors own 87.21% of the company’s stock.

Shares of NYSE:RM traded down $0.39 during trading on Monday, reaching $26.34. The company had a trading volume of 25,029 shares, compared to its average volume of 32,052. The firm has a market cap of $317.53 million, a P/E ratio of 8.31 and a beta of 1.01. Regional Management has a twelve month low of $22.90 and a twelve month high of $37.21. The company has a current ratio of 36.76, a quick ratio of 44.21 and a debt-to-equity ratio of 2.33.

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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