Jefferies Financial Group analysts cut earnings estimates for Regional Management Corp. (NYSE:RM)

Regional management company (NYSE: RM – Get a rating) – Jefferies Financial Group lowered its first-quarter 2023 EPS estimates for regional leadership stocks in a research note released to investors on Wednesday, August 3. Jefferies Financial Group analyst J. Hecht now expects the credit services provider to post earnings per share of $1.59 for the quarter, down from its previous estimate of 1. $85. Regional management’s current annual earnings consensus estimate is $7.57 per share. Jefferies Financial Group also released estimates for Q2 2023 regional leadership earnings at $2.02 EPS and Q3 2023 earnings at $1.94 EPS.

Several other stock analysts have also recently commented on the stock. StockNews.com downgraded the regional leadership’s stock from a “strong buy” rating to a “buy” rating in a Friday, April 8 research note. Keefe, Bruyette & Woods lowered their price target on Regional Management shares from $53.00 to $41.00 in a Monday, July 11 research note.

Regional Management Price Performance

NYSE:RM shares opened at $41.09 on Friday. The company has a market capitalization of $397.34 million, a price-earnings ratio of 5.10 and a beta of 1.38. The company has a debt ratio of 3.76, a current ratio of 30.17 and a quick ratio of 30.17. The company has a 50-day simple moving average of $40.75 and a 200-day simple moving average of $45.48. Regional management has a one-year minimum of $36.50 and a one-year maximum of $67.60.

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Regional Management (NYSE: RM – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The credit service provider reported EPS 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 17.23% and a return on equity of 28.56%. In the same quarter of the previous year, the company achieved EPS of $2.31.

Hedge funds weigh on regional management

A number of hedge funds have recently bought and sold shares of RM. Assenagon Asset Management SA increased its holdings in regional management by 18.6% in the first quarter. Assenagon Asset Management SA now owns 39,328 shares of the credit services provider worth $1,910,000 after purchasing an additional 6,174 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Regional Management in the fourth quarter valued at $1,496,000. Khrom Capital Management LLC increased its holdings in regional management by 12.2% in the fourth quarter. Khrom Capital Management LLC now owns 174,139 shares of the credit service provider worth $10,006,000 after purchasing an additional 19,000 shares during the period. MBM Wealth Consultants LLC increased its holdings in regional management by 10.8% in the fourth quarter. MBM Wealth Consultants LLC now owns 6,574 shares of the credit service provider worth $378,000 after purchasing an additional 641 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its stake in regional management by 0.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 61,976 shares of the credit service provider worth $3,561,000 after purchasing an additional 275 shares during the period. Institutional investors hold 89.95% of the company’s shares.

Insider activity

Separately, director Sandra K. Johnson sold 1,687 shares of the company in a transaction on Monday, May 23. The shares were sold at an average price of $44.77, for a total transaction of $75,526.99. Following the completion of the transaction, the director now owns 4,997 shares of the company, valued at $223,715.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Insiders hold 8.90% of the shares of the company.

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

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