Equities analysts forecast that Regional Management Corp. (NYSE:RM) will post sales of $68.81 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made 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 would indicate a positive year over year growth rate of 10.1%. The firm is scheduled to issue its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Regional Management Corp. will report full-year sales of $68.81 million for the current year, with estimates ranging from $268.17 million to $272.24 million. For the next financial year, analysts forecast that the business will report sales of $290.78 million per share, with estimates ranging from $283.32 million to $298.24 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Regional Management Corp..

Regional Management Corp. (NYSE:RM) last issued its earnings results on Tuesday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.06. The business had revenue of $65.34 million for the quarter, compared to analyst estimates of $65.00 million. Regional Management Corp. had a return on equity of 12.98% and a net margin of 10.37%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS.

A number of equities research analysts have issued reports on the stock. TheStreet raised shares of Regional Management Corp. from a “c+” rating to a “b-” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $25.00 target price on shares of Regional Management Corp. in a research note on Friday, July 14th. BidaskClub lowered shares of Regional Management Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. ValuEngine lowered shares of Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, BMO Capital Markets lifted their target price on shares of Regional Management Corp. from $24.00 to $25.00 and gave the company a “market perform” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Regional Management Corp. has a consensus rating of “Hold” and an average target price of $25.71.

Several hedge funds have recently added to or reduced their stakes in RM. Wells Fargo & Company MN lifted its stake in shares of Regional Management Corp. by 408.9% in the 1st quarter. Wells Fargo & Company MN now owns 138,860 shares of the credit services provider’s stock valued at $2,698,000 after purchasing an additional 111,573 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Regional Management Corp. by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 72,778 shares of the credit services provider’s stock valued at $1,414,000 after purchasing an additional 1,888 shares during the last quarter. Oxford Asset Management lifted its stake in shares of Regional Management Corp. by 23.6% in the 1st quarter. Oxford Asset Management now owns 124,708 shares of the credit services provider’s stock valued at $2,423,000 after purchasing an additional 23,788 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Regional Management Corp. by 136.6% in the 1st quarter. Prudential Financial Inc. now owns 45,793 shares of the credit services provider’s stock valued at $890,000 after purchasing an additional 26,440 shares during the last quarter. Finally, American International Group Inc. lifted its stake in shares of Regional Management Corp. by 7.1% in the 1st quarter. American International Group Inc. now owns 6,512 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 430 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

Shares of Regional Management Corp. (NYSE RM) traded down 0.27% during mid-day trading on Friday, reaching $22.32. The company had a trading volume of 24,356 shares. The company’s 50-day moving average is $22.77 and its 200 day moving average is $21.61. The stock has a market capitalization of $260.07 million, a P/E ratio of 9.80 and a beta of 1.36. Regional Management Corp. has a 52-week low of $18.31 and a 52-week high of $27.56.

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

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