Wall Street analysts expect Regional Management Corp. (NYSE: RM) reported revenues of $ 116.84 million for the current fiscal quarter Zacks Investment Research. Two analysts have given estimates of Regional Management’s profits. The highest revenue estimate is $ 117.00 million and the lowest is $ 116.67 million. Regional Management posted revenue of $ 97.44 million for the same quarter last year, indicating a positive year-over-year growth rate of 19.9%. The company is expected to release its next earnings numbers on Wednesday, February 9th.
On average, analysts expect regional management to post total annual revenue of $ 425.71 million for the current fiscal year, with estimates ranging between $ 425.54 million and $ 425.87 million. For the next fiscal year, analysts expect sales of 471.96 million US dollars, with estimates ranging between 470.32 million US dollars and 473.60 million US dollars. Zacks’ average in sales is an average based on a survey of research companies that track Regional Management.
Regional Management (NYSE: RM) last released its quarterly results on Monday, November 1st. The credit services company reported earnings per share of $ 2.11 for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.56 by $ 0.55. The company had revenue of $ 111.46 million for the quarter, compared to the consensus estimate of $ 103.32 million. Regional management had a return on equity of 29.58% and a net margin of 20.25%. In the same period last year, the company achieved $ 1.01 EPS.
RM has been the subject of several new analyst reports. Zacks Investment Research In a report dated Friday, November 5th, regional management upgraded the company from a “hold” rating to a “buy” rating and set a price target of $ 66.00 for the company. JMP Securities downgraded Regional Management from an “Outperform” rating to a “Market-Perform” rating in a research report dated Wednesday September 29th.
RM shares opened at $ 54.11 on Wednesday. The company has a debt of 3.49, a quick ratio of 34.12, and a current ratio of 34.12. The stock has a fifty-day simple moving average of $ 58.21. Regional Management has a twelve month low of $ 26.61 and a twelve month high of $ 67.60. The stock has a market capitalization of $ 536.34 million, a price / earnings ratio of 7.15, and a beta of 1.31.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday November 24th will receive a dividend of $ 0.25. The ex-dividend date of this dividend is Tuesday November 23rd. This equates to an annual dividend of $ 1.00 and a dividend yield of 1.85%. The distribution rate of the regional management is currently 13.21%.
In related news, director Basswood Capital Management, L sold 58,359 shares in the company in a transaction that occurred on Monday, November 22nd. The stock sold at an average price of $ 64.19 for a total value of $ 3,746,064.21. The transaction was announced in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In addition, EVP Brian J. Fisher sold 4,860 shares in the company on Thursday, November 11th. The stock sold at an average price of $ 60.44 for a total value of $ 293,738.40. The disclosure for this sale can be found here. Last quarter, insiders sold 99,865 shares of the company for $ 6,216,391. Company insiders own 9.70% of the company’s shares.
Institutional investors recently changed their holdings in the stock. UBS Group AG increased its stake in Regional Management shares by 7.7% in the third quarter. UBS Group AG now owns 4,461 shares in the credit servicer valued at $ 259,000 after purchasing an additional 319 shares last quarter. The Royal Bank of Canada increased its position in Regional Management stocks by 1.8% in the third quarter. The Royal Bank of Canada now owns 18,647 shares in the credit servicer, valued at $ 1,085,000, after purchasing an additional 325 shares last quarter. Koshinski Asset Management Inc. bought a new stake in Regional Management worth approximately $ 25,000 in the third quarter. Morgan Stanley increased its stake in Regional Management by 1.8% in the first quarter. Morgan Stanley now owns 25,900 shares in the credit servicer, valued at $ 898,000, after buying an additional 447 shares last quarter. Finally, Citigroup Inc. increased its stake in Regional Management by 132.7% in the third quarter. Citigroup Inc. now owns 910 shares in the credit servicer, valued at $ 53,000, after purchasing an additional 519 shares last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.
Company profile of the regional management
Regional Management Corp. deals with the provision of financial services to consumers. The company’s products include small, large, and personal installment loans. It also offers optional payment and collateral protection insurance products. The company was founded on March 25, 1987 by Richard A. Godley and C. Glynn Quattlebaum and is headquartered in Greer, SC.
Recommended Story: Why is Momentum Important to Successful Trading?
For more information on Zacks Investment Research’s research offerings, please visit Zacks.com
This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [emailÂ protected]
Should You Invest $ 1,000 in Regional Management Now?
Before you think about regional management, this is what you should hear.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are whispering to customers to buy now, before the broader market takes hold … and Regional Management wasn’t on the list.
While regional management currently has a “hold” rating from analysts, top-rated analysts hold these five stocks for better buys.
Check out the 5 stocks here