Wall Street brokers expect Regional Management Corp. (NYSE:RM – Get Rating) reports sales of $117.18 million for the current quarter, Zacks reports. Two analysts made estimates of the regional branch’s earnings, with estimates ranging from $116.48 million to $117.88 million. Regional management reported sales of $97.73 million in the same quarter last year, indicating a positive growth rate of 19.9% year-over-year. The company is due to announce its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect regional management to report annual revenue of $492.09 million for the current year, with estimates ranging from $488.94 million to $495.24 million. millions of dollars. For next year, analysts expect the company to record sales of $551.60 million, with estimates ranging from $547.74 million to $555.46 million. Zacks Investment Research sales averages are an average based on a survey of sell-side research analysts who cover regional management.
Regional Management (NYSE:RM – Get Rating) last released quarterly earnings data on Wednesday, February 9. The credit services provider reported earnings per share of $2.04 for the quarter, beating analysts’ consensus estimate of $1.79 by $0.25. The company posted revenue of $119.48 million in the quarter, compared to $116.84 million expected by analysts. Regional Management posted a return on equity of 31.59% and a net margin of 20.70%. During the same period a year earlier, the company posted EPS of $1.28.
RM has been the subject of several analyst reports. Zacks Investment Research upgraded regional management from a “strong buy” rating to a “hold” rating in a Wednesday, Feb. 2 research note. StockNews.com upgraded regional leadership from a “buy” rating to a “strong buy” rating in a Tuesday, March 22 research note.
NYSE RM shares opened at $47.33 on Friday. The company has a debt ratio of 3.88, a current ratio of 27.76 and a quick ratio of 27.76. The stock has a market capitalization of $465.25 million, a P/E ratio of 5.68 and a beta of 1.35. Regional management has a 1 year minimum of $33.21 and a 1 year maximum of $67.60. The company has a fifty-day moving average price of $49.79 and a 200-day moving average price of $54.90.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 16. Shareholders of record on Wednesday, February 23 received a dividend of $0.30. The ex-dividend date was Tuesday, February 22. This is a boost from the previous quarterly regional management dividend of $0.25. This represents a dividend of $1.20 on an annualized basis and a yield of 2.54%. The Regional Management’s dividend distribution rate (DPR) is 14.41%.
In other regional management news, CEO Robert William Beck sold 5,000 shares in a trade dated Tuesday, March 8. The stock was sold at an average price of $47.74, for a total value of $238,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, Basswood Capital Management director L sold 2,367 shares in a trade dated Wednesday, February 16. The shares were sold at an average price of $53.92, for a total value of $127,628.64. The disclosure of this sale can be found here. During the last quarter, insiders sold 12,367 shares of the company valued at $656,179. 9.70% of the shares are currently held by insiders of the company.
Several hedge funds have recently changed their positions in the company. 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 valued at $88,000 after buying 208 additional shares during the period. Diversified Trust Co increased its holdings of Regional Management shares by 6.0% in the fourth quarter. Diversified Trust Co now owns 3,935 shares of the credit service provider valued at $226,000 after purchasing an additional 221 shares during the period. Deutsche Bank AG increased its equity stake in regional management by 5.8% in the fourth quarter. Deutsche Bank AG now owns 4,839 shares of the credit service provider valued at $278,000 after purchasing an additional 264 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in regional management by 0.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 61,976 shares of the credit service provider worth $3,561,000 after acquiring an additional 275 shares during the period. Finally, UBS Group AG increased its holdings in regional management by 7.7% during the third quarter. UBS Group AG now owns 4,461 shares of the credit services provider worth $259,000 after acquiring 319 additional shares during the period. 85.57% of the shares are currently held by institutional investors and hedge funds.
About regional management (Get an evaluation)
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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