Stock analysts predict that Regional Management Corp. (NYSE:RM – Get a rating) will post sales of $123.49 million for the current quarter, Zacks Investment Research reports. Two analysts have released regional management earnings estimates, with the lowest sales estimate of $123.20 million and the highest estimate of $123.77 million. Regional management recorded sales of $99.68 million in the same quarter last year, suggesting a positive year-over-year growth rate of 23.9%. The company is due to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect regional management to report annual revenue of $506.22 million for the current fiscal year, with estimates ranging from $504.79 million to $507.66. millions of dollars. For the next fiscal year, analysts expect the company to post sales of $548.87 million, with estimates ranging from $548.61 million to $549.12 million. Zacks Investment Research sales averages are an average based on a survey of sell-side research firms that cover regional management.
Regional Directorate (NYSE:RM – Get a rating) last released its quarterly results on Wednesday, May 4. The credit service provider reported earnings per share of $2.67 for the quarter, beating the consensus estimate of $1.91 by $0.76. The company posted revenue of $120.85 million in the quarter, versus a consensus estimate of $117.18 million. Regional Management generated a net margin of 19.92% and a return on equity of 31.62%. In the same period a year earlier, the company posted earnings per share of $2.31.
A number of brokerages have released reports on RM. StockNews.com downgraded the regional leadership’s shares from a “strong buy” rating to a “buy” rating in a Friday, April 8 research report. Zacks Investment Research upgraded the regional leadership’s shares from a “buy” rating to a “hold” rating in a Tuesday, May 10 research note.
In other news, Director Sandra K. Johnson sold 1,687 shares of Regional Management in a trade that took place on Monday, May 23. The shares were sold at an average price of $44.77, for a total value of $75,526.99. Following the completion of the sale, the administrator now directly owns 4,997 shares of the company, valued at $223,715.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Also, CEO Robert William Beck sold 5,000 shares of Regional Management in a trade that took place on Tuesday, March 8. The stock was sold at an average price of $47.74, for a total transaction of $238,700.00. Disclosure of this sale can be found here. Insiders of the company hold 8.90% of the shares of the company.
A number of hedge funds and other institutional investors have recently changed their positions in the stock. Citigroup Inc. increased its holdings in regional management by 132.7% during the third quarter. Citigroup Inc. now owns 910 shares of the credit service provider valued at $53,000 after buying an additional 519 shares last quarter. Quantbot Technologies LP increased its holdings of regional management shares by 120.0% in the first quarter. Quantbot Technologies LP now owns 1,100 shares of the credit services provider worth $53,000 after buying an additional 600 shares in the last quarter. Lazard Asset Management LLC increased its holdings of Regional Management stock by 61.3% in the fourth quarter. Lazard Asset Management LLC now owns 953 shares of the credit services provider worth $54,000 after buying 362 additional shares last quarter. Dorsey Wright & Associates increased its equity stake in Regional Management by 15.6% in the fourth quarter. Dorsey Wright & Associates now owns 1,540 shares of the credit service provider worth $88,000 after buying 208 more shares last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Regional Management shares by 482.3% in the third quarter. BNP Paribas Arbitrage SA now owns 1,846 shares of the credit services provider worth $107,000 after buying an additional 1,529 shares last quarter. Institutional investors hold 89.95% of the company’s shares.
Shares of RM Action opened at $47.36 on Friday. Regional leadership has a 52-week low of $41.68 and a 52-week high of $67.60. The company has a debt ratio of 3.76, a quick ratio of 30.17 and a current ratio of 30.17. The company has a 50-day simple moving average of $46.07 and a two-hundred-day simple moving average of $51.17. The company has a market capitalization of $458.07 million, a price-earnings ratio of 5.45 and a beta of 1.33.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Wednesday, May 25 will receive a dividend of $0.30. The ex-dividend date is Tuesday, May 24. This represents an annualized dividend of $1.20 and a dividend yield of 2.53%. The Regional Management dividend distribution rate is 13.81%.
Regional Management Company Profile (Get a rating)
Regional Management Corp., a diversified consumer finance company, offers 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.
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