FY2018 EPS Estimates for Regional Management Corp. Decreased by Jefferies Group (RM)

Regional Management Corp. (NYSE:RM) – Jefferies Group lowered their FY2018 earnings per share (EPS) estimates for Regional Management Corp. in a research note issued on Thursday. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will earn $2.76 per share for the year, down from their prior forecast of $2.79. Jefferies Group also issued estimates for Regional Management Corp.’s Q4 2018 earnings at $0.76 EPS.

Several other analysts have also commented on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $25.00 price target on shares of Regional Management Corp. in a research report on Sunday. Stephens began coverage on shares of Regional Management Corp. in a research report on Wednesday, August 23rd. They issued an “equal weight” rating and a $25.00 price target on the stock. ValuEngine lowered shares of Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. BidaskClub lowered shares of Regional Management Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, DA Davidson reiterated a “neutral” rating and issued a $27.00 price target on shares of Regional Management Corp. in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Regional Management Corp. currently has a consensus rating of “Hold” and a consensus price target of $25.83.

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Shares of Regional Management Corp. (RM) opened at $23.06 on Monday. The company has a market cap of $269.04, a P/E ratio of 9.85 and a beta of 1.40. Regional Management Corp. has a 1 year low of $18.31 and a 1 year high of $27.56. The company has a debt-to-equity ratio of 2.34, a current ratio of 39.39 and a quick ratio of 39.39.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. boosted its position in Regional Management Corp. by 7.1% during the first quarter. American International Group Inc. now owns 6,512 shares of the credit services provider’s stock worth $127,000 after acquiring an additional 430 shares during the last quarter. UBS Group AG boosted its position in Regional Management Corp. by 115.0% during the first quarter. UBS Group AG now owns 7,137 shares of the credit services provider’s stock worth $138,000 after acquiring an additional 3,818 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in Regional Management Corp. during the first quarter worth approximately $165,000. Hancock Holding Co. acquired a new stake in Regional Management Corp. during the second quarter worth approximately $217,000. Finally, The Manufacturers Life Insurance Company boosted its position in Regional Management Corp. by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock worth $218,000 after acquiring an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 86.78% of the company’s stock.

Regional Management Corp. Company Profile

Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.

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

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