Analysts expect Regional Management Corp (NYSE:RM) to report earnings per share (EPS) of $1.08 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Regional Management’s earnings. The lowest EPS estimate is $1.07 and the highest is $1.08. Regional Management posted earnings of $0.90 per share in the same quarter last year, which indicates a positive year over year growth rate of 20%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 11th.
According to Zacks, analysts expect that Regional Management will report full year earnings of $3.57 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.69. For the next year, analysts expect that the business will post earnings of $4.14 per share, with EPS estimates ranging from $4.06 to $4.27. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Regional Management.
Regional Management (NYSE:RM) last announced its quarterly earnings data on Wednesday, November 6th. The credit services provider reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.09. Regional Management had a return on equity of 13.80% and a net margin of 11.66%. The firm had revenue of $91.71 million during the quarter, compared to analysts’ expectations of $87.78 million.
Regional Management stock traded up $0.36 during mid-day trading on Friday, reaching $31.41. The stock had a trading volume of 44,054 shares, compared to its average volume of 49,410. The company has a debt-to-equity ratio of 2.57, a quick ratio of 39.86 and a current ratio of 39.86. Regional Management has a fifty-two week low of $22.90 and a fifty-two week high of $34.93. The stock’s 50-day simple moving average is $31.55 and its 200-day simple moving average is $27.73. The firm has a market capitalization of $338.53 million, a PE ratio of 9.91 and a beta of 1.01.
In other Regional Management news, EVP Daniel J. Taggart sold 3,351 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $32.74, for a total value of $109,711.74. Following the transaction, the executive vice president now owns 12,131 shares of the company’s stock, valued at $397,168.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Basswood Capital Management, L acquired 4,620 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $30.90 per share, for a total transaction of $142,758.00. The disclosure for this purchase can be found here. 9.50% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can boosted its position in Regional Management by 203.4% in the second quarter. Bank of Montreal Can now owns 1,174 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 787 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Regional Management in the third quarter worth $86,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Regional Management in the second quarter worth $276,000. Hancock Whitney Corp raised its stake in shares of Regional Management by 18.2% in the second quarter. Hancock Whitney Corp now owns 10,896 shares of the credit services provider’s stock valued at $287,000 after buying an additional 1,677 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Regional Management by 3.8% in the third quarter. Rhumbline Advisers now owns 13,333 shares of the credit services provider’s stock valued at $375,000 after buying an additional 490 shares during the period. 89.15% of the stock is currently owned by institutional investors and hedge funds.
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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