Regional Management Corp (NYSE:RM) Expected to Post Quarterly Sales of $80.50 Million
Equities research analysts forecast that Regional Management Corp (NYSE:RM) will post sales of $80.50 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Regional Management’s earnings. The highest sales estimate is $82.11 million and the lowest is $78.88 million. Regional Management reported sales of $72.42 million in the same quarter last year, which indicates a positive year over year growth rate of 11.2%. The business is expected to report its next quarterly earnings report on Tuesday, July 30th.
According to Zacks, analysts expect that Regional Management will report full-year sales of $339.70 million for the current financial year, with estimates ranging from $335.45 million to $343.94 million. For the next financial year, analysts anticipate that the business will post sales of $371.11 million, with estimates ranging from $365.80 million to $376.42 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Regional Management.
Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, May 8th. The credit services provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.12). Regional Management had a net margin of 11.02% and a return on equity of 13.80%. The company had revenue of $81.75 million for the quarter, compared to analyst estimates of $85.00 million.
Shares of Regional Management stock traded up $0.30 on Wednesday, reaching $26.49. 2,093 shares of the company were exchanged, compared to its average volume of 41,627. Regional Management has a one year low of $22.90 and a one year high of $36.31. The firm has a market cap of $314.35 million, a P/E ratio of 8.38 and a beta of 0.92. The company has a quick ratio of 51.35, a current ratio of 51.35 and a debt-to-equity ratio of 2.25. The firm’s 50-day moving average is $25.14.
In other news, Director Basswood Partners, L.L.C. bought 62,155 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average price of $24.03 per share, with a total value of $1,493,584.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Basswood Capital Management, L bought 68,977 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average cost of $24.03 per share, with a total value of $1,657,517.31. The disclosure for this purchase can be found here. Corporate insiders own 9.50% of the company’s stock.
Large investors have recently made changes to their positions in the company. Signia Capital Management LLC raised its stake in Regional Management by 84.5% during the 1st quarter. Signia Capital Management LLC now owns 75,646 shares of the credit services provider’s stock worth $1,847,000 after acquiring an additional 34,644 shares in the last quarter. Argent Capital Management LLC boosted its stake in shares of Regional Management by 19.3% in the first quarter. Argent Capital Management LLC now owns 65,412 shares of the credit services provider’s stock valued at $1,597,000 after purchasing an additional 10,602 shares during the period. AJO LP boosted its stake in shares of Regional Management by 3.9% in the first quarter. AJO LP now owns 166,924 shares of the credit services provider’s stock valued at $4,076,000 after purchasing an additional 6,338 shares during the period. Tieton Capital Management LLC boosted its stake in shares of Regional Management by 19.8% in the first quarter. Tieton Capital Management LLC now owns 231,026 shares of the credit services provider’s stock valued at $5,642,000 after purchasing an additional 38,216 shares during the period. Finally, Martingale Asset Management L P boosted its stake in shares of Regional Management by 9.6% in the first quarter. Martingale Asset Management L P now owns 73,218 shares of the credit services provider’s stock valued at $1,788,000 after purchasing an additional 6,399 shares during the period. 87.05% of the stock is owned by hedge funds and other institutional investors.
About Regional Management
Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.
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