Brokerages expect that Regional Management Corp (NYSE:RM) will report earnings per share (EPS) of $0.65 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Regional Management’s earnings. Regional Management reported earnings per share of $0.55 in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.2%. The business is expected to report its next quarterly earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that Regional Management will report full year earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $3.03 to $3.33. For the next year, analysts anticipate that the business will post earnings of $3.65 per share, with EPS estimates ranging from $3.51 to $3.85. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Regional Management.
Regional Management (NYSE:RM) last announced its earnings results on Tuesday, May 1st. The credit services provider reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.03. The business had revenue of $72.63 million during the quarter, compared to the consensus estimate of $72.27 million. Regional Management had a net margin of 11.09% and a return on equity of 12.51%.
Regional Management stock traded down $0.42 during trading hours on Thursday, reaching $36.56. The stock had a trading volume of 40,395 shares, compared to its average volume of 72,874. The company has a market capitalization of $431.28 million, a PE ratio of 16.18 and a beta of 1.18. The company has a debt-to-equity ratio of 2.19, a quick ratio of 48.75 and a current ratio of 48.75. Regional Management has a 52 week low of $21.47 and a 52 week high of $37.21.
In related news, insider Basswood Capital Management, L acquired 14,311 shares of the business’s stock in a transaction dated Monday, June 4th. The shares were purchased at an average price of $36.58 per share, for a total transaction of $523,496.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of RM. Second Curve Capital LLC boosted its position in Regional Management by 70.3% in the fourth quarter. Second Curve Capital LLC now owns 1,078,034 shares of the credit services provider’s stock valued at $28,363,000 after buying an additional 445,000 shares during the last quarter. Matarin Capital Management LLC purchased a new stake in Regional Management in the first quarter valued at approximately $3,561,000. Dimensional Fund Advisors LP boosted its position in Regional Management by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 973,839 shares of the credit services provider’s stock valued at $31,007,000 after buying an additional 104,066 shares during the last quarter. Basswood Capital Management L.L.C. boosted its position in Regional Management by 6.9% in the fourth quarter. Basswood Capital Management L.L.C. now owns 1,537,760 shares of the credit services provider’s stock valued at $40,458,000 after buying an additional 99,275 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Regional Management by 436.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 84,214 shares of the credit services provider’s stock valued at $2,216,000 after buying an additional 68,514 shares during the last quarter. Hedge funds and other institutional investors own 85.60% of the company’s stock.
About Regional Management
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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