Wall Street analysts expect Regional Management Corp. (NYSE:RM- Get a rating) will report earnings per share of $1.91 for the current fiscal quarter, according to Zacks. Two analysts provided regional management revenue estimates. The highest EPS estimate is $2.16 and the lowest is $1.66. Regional management reported earnings of $2.31 per share in the same quarter last year, indicating a negative 17.3% year-over-year growth rate. The company is due to release its next quarterly results on Tuesday, May 3.
On average, analysts expect regional management to report annual earnings of $6.98 per share for the current year, with EPS estimates ranging from $6.21 to $8.38. For the next fiscal year, analysts expect the company to post earnings of $7.34 per share, with EPS estimates ranging from $7.23 to $7.44. Zacks earnings per share averages are an average based on a survey of research analysts who provide coverage for regional management.
Regional Management (NYSE: RM – Get a rating) last released its quarterly earnings data on Tuesday, February 8. The credit service provider reported earnings per share (EPS) of $2.04 for the quarter, beating Thomson Reuters consensus estimate of $1.84 by $0.20. Regional Management posted a return on equity of 31.67% and a net margin of 20.70%. In the same period a year earlier, the company had earned earnings per share of $1.28.
RM has been the subject of a number of recent research reports. Zacks Investment Research upgraded regional management from a “strong buy” rating to a “hold” rating in a Wednesday, February 2, report. StockNews.com upgraded regional management from a “strong buy” rating to a “buy” rating in a report on Monday, February 14.
RM shares were down $2.63 during Friday trading hours, hitting $49.36. 538 shares of the company were traded, against an average volume of 42,761. The company has a market capitalization of $489.26 million, a P/E ratio of 5.99 and a beta of 1.33. Regional leadership has a fifty-two week low of $33.21 and a fifty-two week high of $67.60. The company has a debt ratio of 3.49, a quick ratio of 34.12 and a current ratio of 34.12. The company has a 50-day simple moving average of $53.13 and a two-hundred-day simple moving average of $56.19.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 16. Shareholders of record on Wednesday, February 23 will receive a dividend of $0.30 per share. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Tuesday, February 22. This is an increase from the previous quarterly regional management dividend of $0.25. The Regional Management’s dividend distribution rate (DPR) is 14.41%.
In other news from the Regional Department, the Director Carlos Palomares sold 5,000 shares of the company in a transaction that took place on Monday, January 3. The stock was sold at an average price of $57.97, for a total value of $289,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Basswood Capital Management, L sold 2,367 shares of the company in a trade that took place on Wednesday, February 16. The shares were sold at an average price of $53.92, for a total value of $127,628.64. Disclosure of this sale can be found here. Insiders of the company own 9.70% of the shares of the company.
Hedge funds have recently changed their stock holdings. Goldman Sachs Group Inc. increased its holdings in regional management by 135.9% in the second quarter. Goldman Sachs Group Inc. now owns 136,240 shares of the credit services provider worth $6,341,000 after acquiring 78,498 additional shares last quarter. Federated Hermes Inc. bought a new stake in Regional Management in the second quarter worth $51,000. Nuveen Asset Management LLC increased its holdings of Regional Management shares by 108.2% during the second quarter. Nuveen Asset Management LLC now owns 192,510 shares of the credit services provider valued at $8,959,000 after purchasing an additional 100,059 shares last quarter. State Street Corp increased its holdings of Regional Management stock 10.8% in the second quarter. State Street Corp now owns 164,233 shares of the credit service provider valued at $7,643,000 after buying an additional 15,968 shares last quarter. Finally, Morgan Stanley increased its equity stake in regional management by 130.4% during the second quarter. Morgan Stanley now owns 59,683 shares of the credit service provider valued at $2,778,000 after buying 33,783 additional shares last quarter. 85.57% of the shares are currently held by institutional investors.
Regional Management Company Profile (Get a rating)
Regional Management Corp. provides financial services to consumers. The Company’s products include small, large and retail installment loans. It also offers optional payment insurance and warranty protection products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is based in Greer, SC.
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