Regional Management (RM) Set to Announce Quarterly Earnings on Wednesday

Regional Management (NYSE:RM) is set to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.90 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.17. Regional Management had a return on equity of 8.85% and a net margin of 2.89%. The firm had revenue of $141.66 million during the quarter, compared to the consensus estimate of $140.68 million. On average, analysts expect Regional Management to post $4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Regional Management Stock Up 1.4 %

Shares of NYSE RM opened at $26.14 on Wednesday. Regional Management has a 12-month low of $20.50 and a 12-month high of $34.60. The company has a market cap of $257.95 million, a P/E ratio of 15.94 and a beta of 1.47. The company has a current ratio of 41.17, a quick ratio of 41.16 and a debt-to-equity ratio of 4.33. The stock has a fifty day moving average price of $23.93 and a 200 day moving average price of $24.17.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 22nd were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.20 annualized dividend and a yield of 4.59%. Regional Management’s dividend payout ratio is currently 73.17%.

Insiders Place Their Bets

In other Regional Management news, Director Basswood Capital Management, L sold 13,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $22.36, for a total value of $290,680.00. Following the transaction, the director now owns 486,365 shares of the company’s stock, valued at $10,875,121.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RM shares. StockNews.com raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 2nd. Stephens reissued an “equal weight” rating and issued a $30.00 price objective on shares of Regional Management in a research report on Thursday, February 8th.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.