Zacks: Analysts Anticipate Regional Management Corp. (NYSE:RM) Will Post Quarterly Sales of $64.57 Million
Equities analysts expect Regional Management Corp. (NYSE:RM) to announce $64.57 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Regional Management Corp.’s earnings, with estimates ranging from $63.31 million to $65.20 million. Regional Management Corp. posted sales of $57.33 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.6%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, August 1st.
On average, analysts expect that Regional Management Corp. will report full year sales of $64.57 million for the current fiscal year, with estimates ranging from $270.49 million to $273.30 million. For the next year, analysts anticipate that the firm will report sales of $296.62 million per share, with estimates ranging from $287.62 million to $308.40 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Regional Management Corp..
Regional Management Corp. (NYSE:RM) last released its quarterly earnings results on Tuesday, May 2nd. The credit services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. Regional Management Corp. had a net margin of 10.61% and a return on equity of 13.37%. The company had revenue of $65.82 million for the quarter, compared to analyst estimates of $63.01 million.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Regional Management Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. ValuEngine upgraded Regional Management Corp. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $25.00 price target on shares of Regional Management Corp. in a research note on Friday, July 14th. JMP Securities upgraded Regional Management Corp. from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Tuesday, June 13th. Finally, DA Davidson restated a “neutral” rating and issued a $27.00 price target on shares of Regional Management Corp. in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.00.
In other news, Director Michael R. Dunn sold 17,859 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $20.79, for a total transaction of $371,288.61. Following the sale, the director now directly owns 127,691 shares of the company’s stock, valued at approximately $2,654,695.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael R. Dunn sold 12,681 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $20.88, for a total value of $264,779.28. Following the sale, the director now directly owns 105,213 shares in the company, valued at $2,196,847.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,657 shares of company stock worth $1,104,881. Insiders own 9.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its position in Regional Management Corp. by 11.9% in the fourth quarter. State Street Corp now owns 157,015 shares of the credit services provider’s stock valued at $4,130,000 after buying an additional 16,655 shares in the last quarter. Allianz Asset Management AG purchased a new position in Regional Management Corp. during the fourth quarter valued at approximately $413,000. Prudential Financial Inc. increased its position in Regional Management Corp. by 136.6% in the first quarter. Prudential Financial Inc. now owns 45,793 shares of the credit services provider’s stock valued at $890,000 after buying an additional 26,440 shares in the last quarter. Wellington Management Group LLP increased its position in Regional Management Corp. by 9.9% in the first quarter. Wellington Management Group LLP now owns 1,146,282 shares of the credit services provider’s stock valued at $22,272,000 after buying an additional 103,176 shares in the last quarter. Finally, Oxford Asset Management increased its position in Regional Management Corp. by 23.6% in the first quarter. Oxford Asset Management now owns 124,708 shares of the credit services provider’s stock valued at $2,423,000 after buying an additional 23,788 shares in the last quarter. 88.37% of the stock is currently owned by institutional investors and hedge funds.
Regional Management Corp. (NYSE:RM) traded down 0.29% during trading on Thursday, hitting $24.41. 23,922 shares of the stock were exchanged. The stock has a market cap of $283.64 million, a price-to-earnings ratio of 10.85 and a beta of 1.36. The firm’s 50 day moving average price is $22.83 and its 200-day moving average price is $21.88. Regional Management Corp. has a 1-year low of $16.78 and a 1-year high of $27.56.
Regional Management Corp. Company Profile
Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.
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