Wall Street brokerages forecast that Regional Management Corp. (NYSE:RM) will announce $68.91 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Regional Management Corp.’s earnings, with the lowest sales estimate coming in at $68.17 million and the highest estimate coming in at $69.45 million. Regional Management Corp. posted sales of $62.48 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that Regional Management Corp. will report full year sales of $68.91 million for the current year, with estimates ranging from $268.17 million to $272.30 million. For the next year, analysts forecast that the business will post sales of $295.99 million per share, with estimates ranging from $283.32 million to $306.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Regional Management Corp..

Regional Management Corp. (NYSE:RM) last issued its quarterly earnings results on Tuesday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.06. The firm had revenue of $65.34 million for the quarter, compared to analyst estimates of $65 million. Regional Management Corp. had a net margin of 10.37% and a return on equity of 12.98%. Regional Management Corp.’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company posted $0.49 EPS.

RM has been the topic of several recent analyst reports. TheStreet upgraded shares of Regional Management Corp. from a “c+” rating to a “b-” rating in a research report on Thursday, July 6th. ValuEngine lowered shares of Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $22.00 target price on shares of Regional Management Corp. in a research report on Tuesday, April 11th. Zacks Investment Research upgraded shares of Regional Management Corp. from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Finally, BMO Capital Markets restated a “hold” rating and set a $26.00 target price on shares of Regional Management Corp. in a research report on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.83.

Regional Management Corp. (NYSE:RM) opened at 23.71 on Wednesday. The company has a 50-day moving average of $23.76 and a 200-day moving average of $21.83. Regional Management Corp. has a 52 week low of $18.31 and a 52 week high of $27.56. The stock has a market capitalization of $276.27 million, a price-to-earnings ratio of 10.41 and a beta of 1.36.

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Hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. increased its stake in shares of Regional Management Corp. by 73.4% in the second quarter. Prudential Financial Inc. now owns 79,393 shares of the credit services provider’s stock valued at $1,876,000 after buying an additional 33,600 shares during the period. American Century Companies Inc. increased its stake in shares of Regional Management Corp. by 3.6% in the second quarter. American Century Companies Inc. now owns 166,902 shares of the credit services provider’s stock valued at $3,944,000 after buying an additional 5,795 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Regional Management Corp. by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 84,264 shares of the credit services provider’s stock valued at $1,991,000 after buying an additional 11,486 shares during the period. Algert Global LLC acquired a new stake in shares of Regional Management Corp. during the second quarter valued at about $234,000. Finally, Eagle Global Advisors LLC increased its stake in shares of Regional Management Corp. by 9.5% in the second quarter. Eagle Global Advisors LLC now owns 14,373 shares of the credit services provider’s stock valued at $340,000 after buying an additional 1,241 shares during the period. 88.11% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Regional Management Corp. (NYSE:RM)

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