Analysts Anticipate Regional Management Corp (RM) Will Post Quarterly Sales of $82.44 Million

Brokerages expect that Regional Management Corp (NYSE:RM) will announce sales of $82.44 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Regional Management’s earnings. The lowest sales estimate is $80.84 million and the highest is $84.03 million. Regional Management posted sales of $72.11 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The company is expected to announce its next quarterly earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that Regional Management will report full-year sales of $305.39 million for the current financial year, with estimates ranging from $303.79 million to $306.99 million. For the next year, analysts expect that the firm will report sales of $350.70 million, with estimates ranging from $339.72 million to $361.67 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Regional Management.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Thursday, November 8th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. Regional Management had a net margin of 12.02% and a return on equity of 13.74%. The company had revenue of $77.92 million for the quarter, compared to the consensus estimate of $78.72 million.

RM has been the topic of several research reports. Zacks Investment Research raised shares of Regional Management from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, November 14th. Stephens set a $34.00 target price on shares of Regional Management and gave the company a “hold” rating in a report on Friday, November 9th. ValuEngine raised shares of Regional Management from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, BMO Capital Markets lifted their target price on shares of Regional Management from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $32.20.

Regional Management stock traded down $0.41 during midday trading on Friday, hitting $27.67. 2,116 shares of the company’s stock were exchanged, compared to its average volume of 53,243. Regional Management has a 12-month low of $22.36 and a 12-month high of $37.21. The company has a debt-to-equity ratio of 2.26, a quick ratio of 44.21 and a current ratio of 44.21. The company has a market capitalization of $331.10 million, a P/E ratio of 12.27 and a beta of 0.81.

Several large investors have recently modified their holdings of RM. Matarin Capital Management LLC purchased a new stake in Regional Management during the third quarter worth about $3,081,000. Renaissance Technologies LLC boosted its holdings in Regional Management by 18.3% during the third quarter. Renaissance Technologies LLC now owns 496,291 shares of the credit services provider’s stock worth $14,308,000 after buying an additional 76,755 shares in the last quarter. Bowling Portfolio Management LLC purchased a new stake in Regional Management during the second quarter worth about $1,884,000. Panagora Asset Management Inc. purchased a new stake in Regional Management during the third quarter worth about $1,024,000. Finally, Argent Capital Management LLC boosted its holdings in Regional Management by 51.2% during the second quarter. Argent Capital Management LLC now owns 82,250 shares of the credit services provider’s stock worth $2,880,000 after buying an additional 27,840 shares in the last quarter. 86.53% of the stock is currently owned by institutional investors and hedge funds.

Regional Management Company Profile

Regional Management Corp., a diversified consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.

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

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