Wall Street analysts expect Regional Management Corp. (NYSE:RM- Get a rating) will post earnings per share (EPS) of $1.91 for the current fiscal quarter, according to Zacks. Two analysts provided regional management earnings estimates, with the lowest EPS estimate of $1.66 and the highest estimate of $2.16. Regional management reported earnings per share of $2.31 in the same quarter last year, suggesting a negative 17.3% year-over-year growth rate. The company is expected to announce its next results after the market closes on Monday, January 1.
According to Zacks, analysts expect regional management to report full year earnings of $6.49 per share for the current fiscal year, with EPS estimates ranging from $6.21 to $6.90. For the next fiscal year, analysts expect the company to report earnings of $7.44 per share, with EPS estimates ranging from $7.23 to $7.64. Zacks’ earnings per share calculations are an average average based on a survey of research firms that cover regional management.
Regional Management (NYSE: RM – Get a rating) last released its results on Wednesday, February 9. The credit services provider reported EPS of $2.04 for the quarter, beating the Zacks consensus estimate of $1.79 by $0.25. Regional Management posted a return on equity of 31.59% and a net margin of 20.70%. The company posted revenue of $119.48 million for the quarter, compared to $116.84 million expected by analysts. In the same quarter a year earlier, the company earned earnings per share of $1.28.
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MR has been the subject of several recent research reports. StockNews.com upgraded regional management from a “strong buy” rating to a “buy” rating in a Friday, April 8 research report. Zacks Investment Research upgraded regional management from a “hold” rating to a “sell” rating in a research report on Wednesday.
RM opened at $47.98 on Friday. The company’s 50-day simple moving average is $48.93 and its 200-day simple moving average is $53.82. The company has a debt ratio of 3.88, a quick ratio of 27.76 and a current ratio of 27.76. Regional management has a one-year low of $36.44 and a one-year high of $67.60. The stock has a market capitalization of $471.50 million, a P/E ratio of 5.76 and a beta of 1.32.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 16. Shareholders of record on Wednesday, February 23 received a dividend of $0.30. This represents a dividend of $1.20 on an annualized basis and a yield of 2.50%. The ex-dividend date was Tuesday, February 22. This is a positive change from the previous quarterly regional management dividend of $0.25. The Regional Management payout rate is currently 14.41%.
In other news, Basswood Capital Management director L sold 2,367 shares of the company in a trade that took place on Wednesday, February 16. The stock was sold at an average price of $53.92, for a total transaction of $127,628.64. The sale was disclosed in an SEC filing, available at the SEC website. Also, CEO Robert William Beck sold 5,000 shares of the company in a trade that took place on Tuesday, March 8. The stock was sold at an average price of $47.74, for a total value of $238,700.00. Disclosure of this sale can be found here. 9.70% of the shares are currently held by insiders.
A number of hedge funds have recently bought and sold shares of RM. Citigroup Inc. increased its stake in regional management by 132.7% in the third quarter. Citigroup Inc. now owns 910 shares of the credit services provider valued at $53,000 after acquiring 519 additional shares in the last quarter. Lazard Asset Management LLC increased its stake in regional management by 61.3% in the 4th quarter. Lazard Asset Management LLC now owns 953 shares of the credit service provider valued at $54,000 after acquiring 362 additional shares in the last quarter. Dorsey Wright & Associates increased its stake in regional management by 15.6% in the fourth quarter. Dorsey Wright & Associates now owns 1,540 shares of the credit service provider valued at $88,000 after acquiring 208 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Regional Management by 482.3% in the third quarter. BNP Paribas Arbitrage SA now owns 1,846 shares of the credit services provider valued at $107,000 after acquiring 1,529 additional shares in the last quarter. Finally, Denali Advisors LLC acquired a new position in regional management in Q4 worth $132,000. 85.57% of the shares are currently held by hedge funds and other institutional investors.
Regional Management Company Profile (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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