EPS of $1.07 expected for Regional Management Corp. (NYSE:RM) this quarter
Wall Street brokerages expect Regional Management Corp. (NYSE:RM – Get a rating) will post earnings per share of $1.07 for the current quarter, according to Zacks Investment Research. Two analysts provided regional management revenue estimates. The highest EPS estimate is $1.09 and the lowest is $1.05. Regional management posted earnings of $1.87 per share in the same quarter last year, suggesting a negative growth rate of 42.8% year-over-year. The company is expected to release its next results on Monday, January 1.
On average, analysts expect regional management to report annual earnings of $7.22 per share for the current fiscal year, with EPS estimates ranging from $6.80 to $7.48. For the next fiscal year, analysts expect the company to post earnings of $7.52 per share, with EPS estimates ranging from $7.04 to $7.87. Zacks Investment Research earnings per share averages are an average based on a survey of sell-side research firms that cover regional management.
Regional Directorate (NYSE:RM – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The credit services provider reported EPS of $2.67 for the quarter, beating analyst consensus estimates of $1.91 by $0.76. Regional Management generated a net margin of 19.92% and a return on equity of 31.62%. In the same quarter a year earlier, the company posted earnings of $2.31 per share.
Several research analysts have recently commented on RM’s actions. Zacks Investment Research cut the regional leadership’s shares from a “buy” rating to a “hold” rating in a Tuesday, May 10, report. StockNews.com downgraded regional management shares from a “strong buy” rating to a “buy” rating in a Friday, April 8 research report.
Separately, director Sandra K. Johnson sold 1,687 shares of the company in a trade that took place on Monday, May 23. The shares were sold at an average price of $44.77, for a total value of $75,526.99. Following the sale, the director now owns 4,997 shares of the company, valued at $223,715.69. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC website. Also, CEO Robert William Beck sold 5,000 shares of the company in a transaction that took place on Tuesday, March 8. The stock was sold at an average price of $47.74, for a total transaction of $238,700.00. Disclosure of this sale can be found here. 8.90% of the shares are held by insiders of the company.
Several large investors have recently changed their stake in the company. BlackRock Inc. increased its stake in Regional Management securities by 2.6% in the 1st quarter. BlackRock Inc. now owns 913,071 shares of the credit services provider valued at $44,348,000 after buying an additional 23,053 shares last quarter. Forager Capital Management LLC purchased a new stake in Regional Management during Q4, valued at $25,332,000. Nuveen Asset Management LLC strengthened its position in regional management by 12.9% during the 4th quarter. Nuveen Asset Management LLC now owns 211,182 shares of the credit service provider valued at $12,135,000 after purchasing an additional 24,151 shares during the period. Acadian Asset Management LLC increased its stake in regional management by 8.4% in the 1st quarter. Acadian Asset Management LLC now owns 199,244 shares of the credit service provider worth $9,675,000 after purchasing an additional 15,408 shares last quarter. Finally, Khrom Capital Management LLC increased its stake in regional management by 12.2% in the 4th quarter. Khrom Capital Management LLC now owns 174,139 shares of the credit service provider worth $10,006,000 after buying an additional 19,000 shares last quarter. 89.95% of the shares are currently held by hedge funds and other institutional investors.
Regional management stock traded at $1.18 during Thursday trading hours, hitting $46.84. The company had a trading volume of 22,783 shares, compared to an average volume of 43,669. The company has a market capitalization of $453.04 million, a PE ratio of 5.39 and a beta of 1.33. The company has a debt ratio of 3.76, a current ratio of 30.17 and a quick ratio of 30.17. Regional management has a one-year low of $41.68 and a one-year high of $67.60. The company has a 50-day moving average of $46.05 and a 200-day moving average of $51.34.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Wednesday, May 25 will receive a dividend of $0.30 per share. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Tuesday, May 24. The Regional Management dividend distribution rate is currently 13.81%.
About regional management (Get a rating)
Regional Management Corp., a diversified consumer finance company, offers various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances and other retail products.
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