Regional Management Corp. (NYSE:RM) Expected to Announce Quarterly Sales of $68.91 Million

Equities research analysts expect Regional Management Corp. (NYSE:RM) to announce $68.91 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Regional Management Corp.’s earnings, with estimates ranging from $68.17 million to $69.45 million. Regional Management Corp. reported sales of $62.48 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Regional Management Corp. will report full-year sales of $68.91 million for the current financial year, with estimates ranging from $268.17 million to $272.30 million. For the next fiscal year, analysts forecast that the business will post sales of $295.99 million per share, with estimates ranging from $283.32 million to $306.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Regional Management Corp..

Regional Management Corp. (NYSE:RM) last posted its earnings results on Tuesday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. Regional Management Corp. had a net margin of 10.37% and a return on equity of 12.98%. The firm had revenue of $65.34 million during the quarter, compared to the consensus estimate of $65 million. During the same quarter last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis.

A number of equities analysts have weighed in on RM shares. BMO Capital Markets reaffirmed a “hold” rating and set a $26.00 price target on shares of Regional Management Corp. in a research note on Tuesday, April 11th. Zacks Investment Research downgraded shares of Regional Management Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $22.00 price target on shares of Regional Management Corp. in a research note on Tuesday, April 11th. ValuEngine downgraded shares of Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, JMP Securities raised shares of Regional Management Corp. from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $25.83.

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Shares of Regional Management Corp. (NYSE:RM) opened at 23.71 on Wednesday. The company has a 50-day moving average of $23.76 and a 200 day moving average of $21.83. Regional Management Corp. has a 12-month low of $18.31 and a 12-month high of $27.56. The firm has a market cap of $276.27 million, a P/E ratio of 10.41 and a beta of 1.36.

Large investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its stake in Regional Management Corp. by 7.1% in the first quarter. American International Group Inc. now owns 6,512 shares of the credit services provider’s stock worth $127,000 after buying an additional 430 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Regional Management Corp. by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 42,866 shares of the credit services provider’s stock worth $833,000 after buying an additional 509 shares during the last quarter. Eagle Global Advisors LLC raised its stake in Regional Management Corp. by 9.5% in the second quarter. Eagle Global Advisors LLC now owns 14,373 shares of the credit services provider’s stock worth $340,000 after buying an additional 1,241 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Regional Management Corp. by 5.4% in the first quarter. Public Employees Retirement System of Ohio now owns 26,953 shares of the credit services provider’s stock worth $524,000 after buying an additional 1,385 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Regional Management Corp. by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 72,778 shares of the credit services provider’s stock worth $1,414,000 after buying an additional 1,888 shares during the last quarter. 88.11% of the stock is owned by institutional investors and hedge funds.

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.

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

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