Stock analysts expect Regional Management Corp. (NYSE: RM) posts earnings per share of $ 1.79 for the current quarter, Zack reports. Two analysts estimated the regional leadership’s earnings, with the highest estimate of EPS at $ 1.85 and the lowest estimate at $ 1.72. Regional management reported earnings per share of $ 1.28 for the same quarter last year, suggesting a positive year-over-year growth rate of 39.8%. The company is expected to release its next quarterly earnings report on Wednesday, February 9.
According to Zacks, analysts expect regional management to report annual earnings of $ 8.18 per share for the current fiscal year, with EPS estimates ranging from $ 8.01 to $ 8.41. For next year, analysts predict the company will report earnings of $ 6.61 per share, with EPS estimates ranging from $ 5.41 to $ 8.38. Zacks’ earnings per share calculations are an average based on a survey of seller-side research companies that provide coverage for regional leadership.
Regional management (NYSE: RM) last released its quarterly earnings data on Monday, November 1. The credit services provider reported earnings of $ 2.11 per share for the quarter, beating the consensus estimate of $ 1.56 by $ 0.55. The Regional Management generates a net margin of 20.25% and a return on equity of 29.58%. The company posted revenue of $ 111.46 million for the quarter, compared to analysts’ expectations of $ 103.32 million. In the same quarter of the previous year, the company posted earnings per share of $ 1.01.
RM has been the subject of several research reports. Zacks investment research Upgraded Regional Management shares from a “hold” rating to a “buy” rating and set a target price of $ 66.00 on the stock in a report released on Friday, November 5. JMP Securities downgraded Regional Management shares from an “outperformance” rating to a “market performance” rating in a report released on Wednesday, September 29.
Actions of Regional management stock open for $ 55.77 Monday. The company has a current ratio of 34.12, a rapid ratio of 34.12 and a debt ratio of 3.49. The company has a market cap of $ 552.79 million, a PE ratio of 7.37 and a beta of 1.31. The company has a fifty-day simple moving average of $ 58.43. Regional management has a twelve month minimum of $ 26.61 and a twelve month maximum of $ 67.60.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 15. Investors of record on Wednesday, November 24 will receive a dividend of $ 0.25. The ex-dividend date of this dividend is Tuesday, November 23. This represents a dividend of $ 1.00 on an annualized basis and a dividend yield of 1.79%. The regional division’s dividend payout ratio is currently 13.21%.
Separately, director Michael R. Dunn sold 10,000 shares of the company in a trade on Monday, November 8. The stock was sold for an average price of $ 58.45, for a total trade of $ 584,500.00. The sale was disclosed in a legal file with the SEC, which can be accessed via this link. Additionally, Principal Basswood Capital Management, L sold 58,359 shares of the company in a trade on Monday, November 22. The shares were sold for an average price of $ 64.19, for a total value of $ 3,746,064.21. Disclosure of this sale can be found here. Insiders have sold a total of 99,865 shares of the company valued at $ 6,216,391 in the past 90 days. 9.70% of the shares are currently held by insiders of the company.
Several hedge funds and other institutional investors have recently changed their holdings in the company. Acuitas Investments LLC increased its stake in Regional Management shares by 3,753.6% during the 2nd quarter. Acuitas Investments LLC now owns 3,654,786 shares of the credit service provider valued at $ 79,000 after purchasing an additional 3,559,946 shares during the period. LSV Asset Management increased its stake in Regional Management by 7.6% in the 2nd quarter. LSV Asset Management now owns 446,187 shares of the credit service provider valued at $ 20,765,000 after acquiring an additional 31,473 shares during the last quarter. FMR LLC increased its stake in Regional Management by 131,116.0% in the 2nd quarter. FMR LLC now owns 295,236 shares of the credit service provider valued at $ 13,740,000 after acquiring an additional 295,011 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Regional Management by 108.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 192,510 shares of the credit service provider valued at $ 8,959,000 after acquiring an additional 100,059 shares in the last quarter. Finally, State Street Corp increased its stake in Regional Management by 10.8% in the second quarter. State Street Corp now owns 164,233 shares of the credit services provider worth $ 7,643,000 after acquiring an additional 15,968 shares in the last quarter. 80.87% of the shares are currently held by hedge funds and other institutional investors.
About regional management
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 guarantee protection products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is headquartered in Greer, SC.
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