Wall Street analysts predict that Regional Management Corp. (NYSE:RM) will report revenue of $116.84 million for the current quarter. Zacks Investment Research reports. Two analysts have provided estimates for Regional Management’s revenue, with estimates ranging from $116.67 million to $117.00 million. Regional Management reported revenue of $97.44 million for the same quarter last year, indicating a positive growth rate of 19.9% year over year. The company is expected to report its next earnings results after the market close on Wednesday, February 9th.
On average, analysts expect regional management to report full-year revenue of $425.71 million for the current fiscal year, with estimates ranging from $425.54 million to $425.87 million. For the next fiscal year, analysts expect the company to post revenue of $471.96 million, with estimates ranging from $470.32 million to $473.60 million. Zacks Investment Research sell side averages are an average based on a survey of sell side research analysts covering regional management.
Regional Management (NYSE:RM) last issued its quarterly earnings data on Monday, November 1st. The credit servicer reported earnings per share (EPS) of $2.11 for the quarter, beating analyst consensus estimates of $1.56 by $0.55. The company had revenue of $111.46 million for the quarter, compared to analysts’ expectations of $103.32 million. Regional Management had a net margin of 20.25% and a return on equity of 29.58%. In the same quarter last year, the company generated earnings per share of $1.01.
Several equity analysts recently rated RM stock. JMP Securities downgraded shares of Regional Management from a rating of “outperform” to a rating of “market perform” in a research note on Wednesday, September 29. Zacks Investment Research upgraded Regional Management’s stock to a “buy” rating from a “hold” rating and set a price target for the stock of $66.00 in a report on Friday, November 5.
Regional Management shares opened at $50.98 on Tuesday. The company has a debt to equity ratio of 3.49, a current ratio of 34.12 and a quick ratio of 34.12. The company has a 50-day moving average price of $56.55. Regional Management has a 52-week low of $26.61 and a 52-week high of $67.60. The stock has a market cap of $505.31 million, a P/E of 6.73 and a beta of 1.30.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. A dividend of $0.25 per share was paid to investors of record on Wednesday, November 24th. This equates to an annualized dividend of $1.00 and a dividend yield of 1.96%. The ex-dividend date of this dividend was Tuesday November 23rd. Regional Management’s payout ratio is currently 13.21%.
In other Regional Management News, Director Basswood Capital Management, L. sold 58,359 shares of the company in a transaction Monday, November 22nd. The stock sold at an average price of $64.19 for a total value of $3,746,064.21. The sale was disclosed in a document filed with the SEC, which can be accessed here this hyperlink. Also managing director Robert Wilhelm Beck sold 3,000 shares of Regional Management stock in a transaction dated Thursday, November 11. The shares sold at an average price of $60.98 for a total value of $182,940.00. Disclosure for this sale can be found here. Over the past ninety days, insiders have sold 94,865 shares of the company’s shares, valued at $5,927,941. Company insiders own 9.70% of the company’s shares.
A number of large investors have recently added to or reduced their stakes in RM. Koshinski Asset Management Inc. acquired a new regional management position valued at $25,000 during the third quarter. Lazard Asset Management LLC acquired a new $30,000 stake in Regional Management stock during the second quarter. Citigroup Inc. increased its stake in Regional Management stock by 132.7% in the third quarter. Citigroup Inc. now owns 910 shares of the credit servicer, valued at $53,000, after buying another 519 shares last quarter. Federated Hermes Inc. acquired a new stake in Regional Management stock valued at $51,000 during the second quarter. Finally, Advisor Group Holdings Inc. purchased a new $55,000 stake in Regional Management stock during the second quarter. Institutional investors and hedge funds own 80.60% of the company’s shares.
About regional management
Regional Management Corp. engages in the provision of financial services to consumers. The Company’s products include small, large and consumer loans. It also offers optional payment and collateral insurance products. The company was founded on March 25, 1987 by Richard A. Godley and C. Glynn Quattlebaum and is headquartered in Greer, SC.
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