Regional Management Corp. (NYSE:RM) is scheduled to release its earnings data after the market closes on Monday, July 24th.
Regional Management Corp. (NYSE:RM) last announced its earnings results on Tuesday, May 2nd. The credit services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $65.82 million for the quarter, compared to the consensus estimate of $63.01 million. Regional Management Corp. had a net margin of 10.61% and a return on equity of 13.37%. On average, analysts expect Regional Management Corp. to post $2.02 EPS for the current fiscal year and $2.77 EPS for the next fiscal year.
Shares of Regional Management Corp. (NYSE:RM) opened at 24.45 on Friday. The stock has a market capitalization of $284.11 million, a P/E ratio of 10.87 and a beta of 1.36. Regional Management Corp. has a 52 week low of $16.78 and a 52 week high of $27.56. The company has a 50-day moving average of $22.96 and a 200-day moving average of $21.90.
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RM has been the subject of several recent analyst reports. Zacks Investment Research upgraded Regional Management Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. BMO Capital Markets restated a “hold” rating and issued a $26.00 price target on shares of Regional Management Corp. in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $22.00 price target on shares of Regional Management Corp. in a research note on Tuesday, April 11th. ValuEngine downgraded Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, JMP Securities upgraded Regional Management Corp. from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Regional Management Corp. presently has an average rating of “Hold” and a consensus target price of $26.00.
In other news, Director Michael R. Dunn sold 12,681 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $20.88, for a total transaction of $264,779.28. Following the sale, the director now directly owns 105,213 shares of the company’s stock, valued at approximately $2,196,847.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Dunn sold 17,859 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $20.79, for a total value of $371,288.61. Following the sale, the director now directly owns 127,691 shares in the company, valued at $2,654,695.89. The disclosure for this sale can be found here. Insiders sold a total of 53,657 shares of company stock valued at $1,104,881 over the last 90 days. 9.50% of the stock is currently owned by corporate insiders.
About Regional Management Corp.
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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