Regional Management (RM) Expected to Post Quarterly Sales of $72.27 Million

Wall Street analysts expect that Regional Management (NYSE:RM) will announce $72.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Regional Management’s earnings, with the highest sales estimate coming in at $72.86 million and the lowest estimate coming in at $71.68 million. Regional Management posted sales of $65.82 million in the same quarter last year, which suggests a positive year over year growth rate of 9.8%. The firm is expected to issue its next earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Regional Management will report full-year sales of $301.56 million for the current fiscal year, with estimates ranging from $301.25 million to $301.87 million. For the next fiscal year, analysts expect that the business will post sales of $342.98 million per share, with estimates ranging from $340.58 million to $345.39 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Regional Management.

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Regional Management (NYSE:RM) last issued its earnings results on Tuesday, February 13th. The credit services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. Regional Management had a net margin of 11.00% and a return on equity of 12.54%. The company had revenue of $72.11 million for the quarter, compared to analyst estimates of $71.86 million.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Regional Management from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, January 10th. ValuEngine raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. BMO Capital Markets reissued a “hold” rating and set a $32.00 price objective on shares of Regional Management in a research note on Monday, January 8th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 price objective on shares of Regional Management in a research note on Friday, December 22nd. Finally, Jefferies Group reissued a “buy” rating and set a $33.00 price objective on shares of Regional Management in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.00.

In related news, Director Roel C. Campos purchased 800 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were bought at an average price of $31.56 per share, with a total value of $25,248.00. Following the completion of the purchase, the director now directly owns 29,654 shares in the company, valued at approximately $935,880.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel J. Taggart sold 3,200 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $30.45, for a total transaction of $97,440.00. Following the transaction, the senior vice president now directly owns 3,351 shares in the company, valued at approximately $102,037.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,325 shares of company stock worth $928,591. 8.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RM. Second Curve Capital LLC grew its holdings in Regional Management by 70.3% during the 4th quarter. Second Curve Capital LLC now owns 1,078,034 shares of the credit services provider’s stock worth $28,363,000 after acquiring an additional 445,000 shares in the last quarter. Basswood Capital Management L.L.C. grew its holdings in Regional Management by 6.9% during the 4th quarter. Basswood Capital Management L.L.C. now owns 1,537,760 shares of the credit services provider’s stock worth $40,458,000 after acquiring an additional 99,275 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Regional Management by 436.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 84,214 shares of the credit services provider’s stock worth $2,216,000 after buying an additional 68,514 shares during the last quarter. Millennium Management LLC lifted its position in shares of Regional Management by 185.5% in the 4th quarter. Millennium Management LLC now owns 86,815 shares of the credit services provider’s stock worth $2,284,000 after buying an additional 56,407 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Regional Management by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 835,364 shares of the credit services provider’s stock worth $20,224,000 after buying an additional 38,978 shares during the last quarter. 88.19% of the stock is owned by institutional investors and hedge funds.

RM traded down $0.02 on Friday, hitting $33.01. 77,998 shares of the company were exchanged, compared to its average volume of 79,750. The company has a current ratio of 42.60, a quick ratio of 42.60 and a debt-to-equity ratio of 2.37. Regional Management has a fifty-two week low of $19.23 and a fifty-two week high of $35.34. The firm has a market capitalization of $385.78, a P/E ratio of 13.75 and a beta of 1.19.

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Regional Management Company Profile

Regional Management Corp., a diversified consumer finance company, provides various 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; automobile purchase 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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