Regional Management Corp. (RM) Scheduled to Post Quarterly Earnings on Tuesday
Regional Management Corp. (NYSE:RM) is set to announce its earnings results after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.49 per share for the quarter.
Regional Management Corp. (NYSE:RM) last announced its quarterly earnings data on Tuesday, May 2nd. The credit services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $63.01 million. On average, analysts expect Regional Management Corp. to post $2.46 EPS for the current fiscal year and $2.72 EPS for the next fiscal year.
Shares of Regional Management Corp. (NYSE RM) traded down 1.04% during mid-day trading on Thursday, hitting $24.79. 171,664 shares of the stock traded hands. Regional Management Corp. has a 52 week low of $18.31 and a 52 week high of $27.56. The company has a market cap of $288.06 million, a price-to-earnings ratio of 11.02 and a beta of 1.36. The stock has a 50-day moving average of $23.45 and a 200-day moving average of $21.84.
Several research analysts have recently commented on the stock. DA Davidson restated a “neutral” rating and set a $27.00 price target on shares of Regional Management Corp. in a research note on Tuesday, July 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $25.00 target price on shares of Regional Management Corp. in a research note on Friday, July 14th. TheStreet upgraded shares of Regional Management Corp. from a “c+” rating to a “b-” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of Regional Management Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $26.00 target price on shares of Regional Management Corp. in a research note on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Regional Management Corp. currently has an average rating of “Hold” and an average price target of $26.00.
In related news, Director Michael R. Dunn sold 12,681 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $20.88, for a total value of $264,779.28. Following the transaction, the director now directly owns 105,213 shares in the company, valued at approximately $2,196,847.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.50% of the company’s stock.
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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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