Brokerages Anticipate Regional Management Corp. (NYSE: RM) to report quarterly sales of $ 116.84 million
Wall Street analysts expect Regional Management Corp. (NYSE: RM) reports sales of $ 116.84 million for the current fiscal quarter, according to Zacks investment research. Two analysts provided revenue estimates for Regional Management. The highest sales estimate is $ 117.00 million and the lowest is $ 116.67 million. Regional management posted sales of $ 97.44 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.9%. The company is expected to release its next results on Wednesday, February 9.
On average, analysts expect regional management to report annual revenue of $ 425.71 million for the current fiscal year, with estimates ranging from $ 425.54 million to $ 425.87. millions of dollars. For the next fiscal year, analysts expect the company to record sales of $ 471.96 million, with estimates ranging from $ 470.32 million to $ 473.60 million. Zacks sales averages are an average based on a survey of research companies that track regional management.
Regional management (NYSE: RM) last released its quarterly results on Monday, November 1. The credit services provider reported earnings of $ 2.11 per share for the quarter, beating Thomson Reuters consensus estimate of $ 1.56 by $ 0.55. The company posted revenue of $ 111.46 million in the quarter, compared to a consensus estimate of $ 103.32 million. Regional Management posted a return on equity of 29.58% and a net margin of 20.25%. During the same period of the previous year, the company posted EPS of $ 1.01.
RM has been the subject of several recent analyst reports. Zacks investment research upgraded regional management from a “keep” rating to a “buy” rating and set a price target of $ 66.00 for the company in a report released on Friday, November 5. JMP Securities upgraded regional management from an “outperformance” rating to a “market performance” rating in a research report published on Wednesday (September 29th).
RM stock opened at $ 54.11 on Wednesday. The company has a debt to equity ratio of 3.49, a rapid ratio of 34.12 and a current ratio of 34.12. The stock has a fifty-day simple moving average of $ 58.21. Regional management has a twelve month minimum of $ 26.61 and a twelve month maximum of $ 67.60. The stock has a market cap of $ 536.34 million, a price-to-earnings ratio of 7.15 and a beta of 1.31.
The company also recently unveiled a quarterly dividend, which will be paid on Wednesday, December 15. Shareholders 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 1.85%. The regional management payout rate is currently 13.21%.
In related news, Director Basswood Capital Management, L sold 58,359 shares of the company in a trade that took place on Monday, November 22. The stock was sold for an average price of $ 64.19, for a total value of $ 3,746,064.21. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Executive Vice President Brian J. Fisher sold 4,860 shares of the company in a trade on Thursday, November 11. The stock was sold for an average price of $ 60.44, for a total value of $ 293,738.40. Disclosure of this sale can be found here. During the last quarter, insiders sold 99,865 shares of the company valued at $ 6,216,391. Company insiders own 9.70% of the company’s shares.
Institutional investors recently changed their holdings of equities. UBS Group AG increased its stake in Regional Management shares by 7.7% during the third quarter. UBS Group AG now owns 4,461 shares of the credit service provider worth $ 259,000 after purchasing an additional 319 shares in the last quarter. Royal Bank of Canada increased its position in Regional Management stocks by 1.8% during the third quarter. Royal Bank of Canada now owns 18,647 shares of the credit services provider valued at $ 1,085,000 after acquiring 325 additional shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in Regional Management in the third quarter for a value of approximately $ 25,000. Morgan Stanley increased its stake in Regional Management by 1.8% in the first quarter. Morgan Stanley now owns 25,900 shares of the credit services provider valued at $ 898,000 after purchasing an additional 447 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Regional Management by 132.7% in the third quarter. Citigroup Inc. now owns 910 shares of the credit service provider valued at $ 53,000 after purchasing an additional 519 shares in the last quarter. Hedge funds and other institutional investors hold 80.87% of the company’s shares.
Profile of the regional management company
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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