Stock analysts predict that Regional Management Corp. (NYSE:RM) will report sales of $117.18 million for the current quarter, reports Zacks Investment Research. Two analysts provided regional leadership earnings estimates, with estimates ranging from $116.48 million to $117.88 million. The regional branch recorded sales of $97.73 million in the same quarter last year, which would indicate a positive growth rate of 19.9% year over year. The company is expected to release its next earnings report on Tuesday, May 3.
On average, analysts expect regional management to record annual revenue of $492.09 million for the current fiscal year, with estimates ranging from $488.94 million to $495.24 million. millions of dollars. For the next fiscal year, analysts expect the company to post sales of $551.60 million, with estimates ranging from $547.74 million to $555.46 million. Zacks Investment Research sales calculations are an average average based on a survey of analysts who provide coverage for regional direction.
Regional Management (NYSE:RM) last released its quarterly earnings data on Tuesday, February 8. The credit service provider reported earnings per share of $2.04 for the quarter, beating analysts’ consensus estimate of $1.84 by $0.20. Regional Management posted a return on equity of 29.58% and a net margin of 20.25%. In the same quarter a year earlier, the company posted earnings per share of $1.28.
Separately, Zacks Investment Research upgraded regional management from a “strong buy” rating to a “hold” rating in a Wednesday, February 2 report.
Separately, director Carlos Palomares sold 5,000 shares in a transaction dated Monday, January 3. The shares were sold at an average price of $57.97, for a total value of $289,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, Basswood Capital Management director L sold 58,359 shares of the company in a transaction that took place on Monday, November 22. The stock was sold at an average price of $64.19, for a total transaction of $3,746,064.21. The disclosure of this sale can be found here. Insiders sold 68,359 shares of the company worth $4,341,864 in the past ninety days. 9.70% of the shares are currently held by insiders of the company.
Hedge funds have recently changed their positions in the stock. Charles Schwab Investment Management Inc. increased its position in regional management by 26.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,071 shares of the credit services provider worth $3,739,000 after buying an additional 13,744 shares last quarter. JPMorgan Chase & Co. increased its stake in Regional Management by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 52,201 shares of the credit services provider worth $3,000,000 after acquiring 2,628 additional shares last quarter. Qube Research & Technologies Ltd bought a new position in shares of Regional Management in the fourth quarter worth $316,000. Citigroup Inc. increased its holdings of Regional Management stock by 112.9% in the fourth quarter. Citigroup Inc. now owns 1,937 shares of the credit services provider valued at $111,000 after buying 1,027 additional shares in the last quarter. Finally, Acadian Asset Management LLC increased its equity stake in Regional Management by 11.7% in the fourth quarter. Acadian Asset Management LLC now owns 183,836 shares of the credit service provider valued at $10,556,000 after purchasing an additional 19,221 shares in the last quarter. 80.60% of the shares are held by institutional investors and hedge funds.
The regional management stock opened at $51.87 on Monday. The company has a quick ratio of 34.12, a current ratio of 34.12 and a leverage ratio of 3.49. The company’s fifty-day moving average is $54.08. The stock has a market capitalization of $514.14 million, a P/E ratio of 6.85 and a beta of 1.30. Regional management has a fifty-two week minimum of $30.75 and a fifty-two week maximum of $67.60.
The company also recently announced 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 is an increase from the previous quarterly regional management dividend of $0.25. This represents an annualized dividend of $1.20 and a yield of 2.31%. The ex-dividend date is Tuesday, February 22. The Regional Division’s payout rate is 13.21%.
Regional Management Company Profile
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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