Zacks: Brokerages Expect Regional Management Corp (NYSE:RM) Will Post Earnings of $0.99 Per Share
Brokerages predict that Regional Management Corp (NYSE:RM) will announce earnings per share of $0.99 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Regional Management’s earnings, with the lowest EPS estimate coming in at $0.97 and the highest estimate coming in at $1.00. Regional Management posted earnings of $0.85 per share in the same quarter last year, which indicates a positive year over year growth rate of 16.5%. The firm is expected to issue its next earnings report on Thursday, November 14th.
On average, analysts expect that Regional Management will report full-year earnings of $3.43 per share for the current year, with EPS estimates ranging from $3.37 to $3.52. For the next year, analysts forecast that the company will post earnings of $4.06 per share, with EPS estimates ranging from $3.97 to $4.14. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Regional Management.
Regional Management (NYSE:RM) last released its earnings results on Wednesday, July 31st. The credit services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The firm had revenue of $84.27 million for the quarter, compared to analysts’ expectations of $80.50 million. Regional Management had a net margin of 10.59% and a return on equity of 13.37%.
Shares of RM traded up $0.35 during mid-day trading on Friday, hitting $28.34. The company’s stock had a trading volume of 52,449 shares, compared to its average volume of 46,429. The firm has a 50-day moving average price of $26.54 and a 200 day moving average price of $25.73. The stock has a market capitalization of $325.40 million, a price-to-earnings ratio of 8.94 and a beta of 0.90. The company has a debt-to-equity ratio of 2.44, a current ratio of 48.69 and a quick ratio of 48.69. Regional Management has a fifty-two week low of $22.90 and a fifty-two week high of $30.96.
In other news, insider Basswood Capital Management, L bought 31,749 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $27.13 per share, with a total value of $861,350.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert William Beck bought 5,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $25.99 per share, for a total transaction of $129,950.00. Following the completion of the transaction, the chief financial officer now owns 13,875 shares of the company’s stock, valued at $360,611.25. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 101,827 shares of company stock worth $2,723,614 and sold 130,319 shares worth $3,471,805. Insiders own 9.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Argent Capital Management LLC increased its position in shares of Regional Management by 19.3% in the first quarter. Argent Capital Management LLC now owns 65,412 shares of the credit services provider’s stock worth $1,597,000 after acquiring an additional 10,602 shares in the last quarter. Signia Capital Management LLC increased its position in shares of Regional Management by 84.5% in the first quarter. Signia Capital Management LLC now owns 75,646 shares of the credit services provider’s stock worth $1,847,000 after acquiring an additional 34,644 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Regional Management by 210.7% in the first quarter. BNP Paribas Arbitrage SA now owns 1,948 shares of the credit services provider’s stock worth $48,000 after acquiring an additional 1,321 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Regional Management by 51.3% in the second quarter. Panagora Asset Management Inc. now owns 108,440 shares of the credit services provider’s stock worth $2,860,000 after acquiring an additional 36,766 shares in the last quarter. Finally, Bowling Portfolio Management LLC boosted its holdings in shares of Regional Management by 13.0% during the second quarter. Bowling Portfolio Management LLC now owns 59,326 shares of the credit services provider’s stock worth $1,564,000 after purchasing an additional 6,816 shares during the period. 86.40% of the stock is currently owned by institutional investors and hedge funds.
About Regional Management
Regional Management Corp., a diversified consumer finance company, provides various installment 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; 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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