Regional Management Corp (RM) Expected to Announce Quarterly Sales of $78.72 Million
Wall Street analysts expect Regional Management Corp (NYSE:RM) to report $78.72 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Regional Management’s earnings. The lowest sales estimate is $76.63 million and the highest is $80.81 million. Regional Management reported sales of $69.19 million during the same quarter last year, which indicates a positive year over year growth rate of 13.8%. The company is expected to issue its next earnings report on Wednesday, November 14th.
On average, analysts expect that Regional Management will report full-year sales of $308.73 million for the current year, with estimates ranging from $302.01 million to $315.46 million. For the next fiscal year, analysts expect that the business will post sales of $359.12 million per share, with estimates ranging from $342.87 million to $375.37 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Regional Management.
Regional Management (NYSE:RM) last released its quarterly earnings data on Tuesday, July 31st. The credit services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. The firm had revenue of $72.42 million for the quarter, compared to analysts’ expectations of $73.73 million. Regional Management had a net margin of 11.64% and a return on equity of 12.87%.
In other Regional Management news, insider Basswood Capital Management, L purchased 14,311 shares of Regional Management stock in a transaction that occurred on Monday, June 4th. The shares were bought at an average price of $36.58 per share, for a total transaction of $523,496.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in Regional Management in the fourth quarter worth $145,000. Mackay Shields LLC bought a new stake in Regional Management in the second quarter worth $284,000. Sun Life Financial INC bought a new stake in Regional Management in the second quarter worth $301,000. First Trust Advisors LP increased its position in Regional Management by 19.7% in the second quarter. First Trust Advisors LP now owns 10,784 shares of the credit services provider’s stock worth $378,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Origin Asset Management LLP bought a new stake in Regional Management in the first quarter worth $443,000. Institutional investors own 86.20% of the company’s stock.
Shares of Regional Management stock traded down $0.20 on Wednesday, hitting $34.76. 38,300 shares of the company traded hands, compared to its average volume of 64,939. The stock has a market cap of $402.99 million, a P/E ratio of 15.65 and a beta of 1.01. The company has a debt-to-equity ratio of 2.28, a current ratio of 47.26 and a quick ratio of 47.26. Regional Management has a 52 week low of $21.47 and a 52 week high of $37.21.
About Regional Management
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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