Regional Management Corp (RM) Expected to Announce Earnings of $0.79 Per Share

Brokerages forecast that Regional Management Corp (NYSE:RM) will report earnings per share (EPS) of $0.79 for the current quarter, Zacks reports. Two analysts have issued estimates for Regional Management’s earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $0.79. Regional Management posted earnings per share of $0.72 in the same quarter last year, which indicates a positive year over year growth rate of 9.7%. The company is expected to issue its next quarterly earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that Regional Management will report full year earnings of $3.55 per share for the current financial year, with EPS estimates ranging from $3.36 to $3.80. For the next fiscal year, analysts forecast that the company will post earnings of $3.97 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Regional Management.

Regional Management (NYSE:RM) last released its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.79 by $0.11. The business had revenue of $83.75 million for the quarter, compared to the consensus estimate of $82.44 million. Regional Management had a net margin of 11.52% and a return on equity of 14.80%.

Several analysts have recently commented on the stock. JMP Securities reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Regional Management in a report on Sunday. Zacks Investment Research downgraded shares of Regional Management from a “hold” rating to a “sell” rating in a report on Saturday. Stephens set a $34.00 price objective on shares of Regional Management and gave the company a “hold” rating in a report on Friday, November 9th. ValuEngine raised shares of Regional Management from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Regional Management in a report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $32.20.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citigroup Inc. boosted its holdings in Regional Management by 7,813.3% during the fourth quarter. Citigroup Inc. now owns 1,187 shares of the credit services provider’s stock worth $28,000 after buying an additional 1,172 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Regional Management by 358.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,845 shares of the credit services provider’s stock worth $92,000 after buying an additional 3,007 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Regional Management during the third quarter worth $243,000. MetLife Investment Advisors LLC boosted its holdings in Regional Management by 54.7% during the third quarter. MetLife Investment Advisors LLC now owns 8,503 shares of the credit services provider’s stock worth $245,000 after buying an additional 3,007 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new stake in Regional Management during the third quarter worth $257,000. 84.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of RM stock traded down $0.45 during trading hours on Thursday, hitting $27.86. The company’s stock had a trading volume of 35,398 shares, compared to its average volume of 35,967. The company has a market capitalization of $333.80 million, a P/E ratio of 8.71 and a beta of 0.95. The company has a debt-to-equity ratio of 2.26, a current ratio of 44.21 and a quick ratio of 44.21. Regional Management has a 12-month low of $22.90 and a 12-month high of $37.21.

Regional Management Company Profile

Regional Management Corp., a diversified consumer finance company, provides various 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; automobile purchase 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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Earnings History and Estimates for Regional Management (NYSE:RM)

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