$117.18 million in revenue for Regional Management Corp. (NYSE:RM) is expected this quarter
Equity analysts predict that Regional Management Corp. (NYSE:RM) to report revenue of $117.18 million for the current quarter. Zacks Investment Research reports. Two analysts have provided estimates for Regional Management’s revenue, with estimates ranging from $116.48 million to $117.88 million. Regional Management reported revenue of $97.73 million in the year-ago quarter, indicating a positive year-over-year growth rate of 19.9%. The company is expected to release its next earnings report on Tuesday, May 3rd.
On average, analysts expect Regional Management to report full-year revenues of $492.09 million for the current fiscal year, with estimates ranging from $488.94 million to $495.24 million. For the next fiscal year, analysts expect the company to report revenue of $551.60 million, with estimates ranging from $547.74 million to $555.46 million. Zacks Investment Research’s revenue calculations are an average based on a survey of analysts covering regional management.
Regional Management (NYSE:RM) last issued its quarterly earnings data on Tuesday, February 8th. The credit servicer reported earnings per share of $2.04 for the quarter, beating analyst consensus estimates of $1.84 by $0.20. Regional Management had a return on equity of 29.58% and a net margin of 20.25%. In the same quarter last year, the company reported earnings per share of $1.28.
Separately, Zacks Investment Research Downgraded regional management from a “strong buy” rating to a “hold” rating in a report on Wednesday, February 2nd.
In related news, Director Carlos Palomares sold 5,000 shares of the stock in a transaction dated Monday, January 3. The shares sold at an average price of $57.97 for a total value of $289,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. In addition, director Basswood Capital Management, L. sold 58,359 shares of the company’s stock in a transaction that took place on Monday, November 22nd. The stock sold at an average price of $64.19 for a total transaction of $3,746,064.21. Disclosure for this sale can be found here. Insiders sold 68,359 shares of the company’s stock valued at $4,341,864 over the past ninety days. 9.70% of the shares are currently owned by company insiders.
Hedge funds recently changed their positions in the stock. Charles Schwab Investment Management Inc. increased its position in Regional Management by 26.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,071 shares of the credit servicer’s stock valued at $3,739,000 after purchasing an additional 13,744 shares last quarter. JPMorgan Chase & Co. added 5.3% to its stake in Regional Management in the fourth quarter. JPMorgan Chase & Co. now owns 52,201 shares of the credit servicer, valued at $3,000,000, after purchasing an additional 2,628 shares last quarter. Qube Research & Technologies Ltd purchased a new position in Regional Management stock valued at $316,000 during the fourth quarter. Citigroup Inc. increased its holding in Regional Management stock by 112.9% in the fourth quarter. Citigroup Inc. now owns 1,937 shares of the credit servicer, valued at $111,000, after buying another 1,027 shares last quarter. Finally, Acadian Asset Management LLC increased its holdings in Regional Management stock by 11.7% during the fourth quarter. Acadian Asset Management LLC now owns 183,836 shares of the loan servicer’s stock valued at $10,556,000 after purchasing an additional 19,221 shares last quarter. 80.60% of the shares are owned by institutional investors and hedge funds.
Regional Management shares opened at $51.87 on Monday. The company has a quick ratio of 34.12, a current ratio of 34.12 and a debt to equity ratio of 3.49. The company’s fifty-day moving average stands at $54.08. The stock has a market cap of $514.14 million, a P/E of 6.85 and a beta of 1.30. Regional Management has a 52-week low of $30.75 and a 52-week high of $67.60.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 16th. Shareholders of record on Wednesday, February 23 will receive a dividend of $0.30 per share. This is an increase from Regional Management’s previous quarterly dividend of $0.25. That equates to an annualized dividend of $1.20 and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday February 22nd. The regional management payout ratio is 13.21%.
Profile of the regional management company
Regional Management Corp. engages in the provision of financial services to consumers. The Company’s products include small, large and consumer loans. It also offers optional payment and collateral insurance products. The company was founded on March 25, 1987 by Richard A. Godley and C. Glynn Quattlebaum and is headquartered in Greer, SC.
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