$84.14 Million in Sales Expected for Regional Management Corp (RM) This Quarter

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Wall Street analysts predict that Regional Management Corp (NYSE:RM) will announce $84.14 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Regional Management’s earnings. The lowest sales estimate is $83.36 million and the highest is $84.91 million. Regional Management posted sales of $72.63 million in the same quarter last year, which suggests a positive year over year growth rate of 15.8%. The business is expected to report its next earnings report on Tuesday, May 7th.

On average, analysts expect that Regional Management will report full-year sales of $352.23 million for the current fiscal year, with estimates ranging from $342.78 million to $361.67 million. For the next fiscal year, analysts anticipate that the firm will report sales of $369.52 million. Zacks’ sales averages are an average based on a survey of analysts that follow Regional Management.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.11. The company had revenue of $83.75 million during the quarter, compared to analysts’ expectations of $82.44 million. Regional Management had a net margin of 11.52% and a return on equity of 14.80%.

A number of equities analysts have weighed in on RM shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $27.00 price objective on shares of Regional Management in a research report on Monday, January 7th. ValuEngine upgraded shares of Regional Management from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Regional Management from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, November 14th. JMP Securities reiterated a “buy” rating and issued a $34.00 target price on shares of Regional Management in a research report on Sunday. Finally, Stephens set a $34.00 target price on shares of Regional Management and gave the company a “hold” rating in a research report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Regional Management presently has an average rating of “Hold” and an average target price of $32.20.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Regional Management by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 991,450 shares of the credit services provider’s stock valued at $28,583,000 after buying an additional 8,829 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Regional Management by 50.3% in the fourth quarter. BlackRock Inc. now owns 945,960 shares of the credit services provider’s stock valued at $22,751,000 after purchasing an additional 316,748 shares during the period. Vanguard Group Inc. grew its holdings in shares of Regional Management by 0.3% in the third quarter. Vanguard Group Inc. now owns 554,592 shares of the credit services provider’s stock valued at $15,989,000 after purchasing an additional 1,890 shares during the period. Vanguard Group Inc grew its holdings in shares of Regional Management by 0.3% in the third quarter. Vanguard Group Inc now owns 554,592 shares of the credit services provider’s stock valued at $15,989,000 after purchasing an additional 1,890 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Regional Management by 18.3% in the third quarter. Renaissance Technologies LLC now owns 496,291 shares of the credit services provider’s stock valued at $14,308,000 after purchasing an additional 76,755 shares during the period. Institutional investors and hedge funds own 84.66% of the company’s stock.

NYSE:RM traded down $0.45 during trading hours on Friday, reaching $27.86. 35,398 shares of the company were exchanged, compared to its average volume of 35,967. The company has a debt-to-equity ratio of 2.26, a quick ratio of 44.21 and a current ratio of 44.21. The stock has a market capitalization of $333.80 million, a PE ratio of 8.71 and a beta of 0.95. Regional Management has a twelve month low of $22.90 and a twelve month high of $37.21.

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

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