The regional management (RM) is preparing to announce its quarterly results on Wednesday
Regional Management (NYSE:RM – Get Rating) is expected to report earnings after market close on Wednesday, August 3. Analysts expect the company to report earnings of $1.07 per share for the quarter. Investors wishing to register for the company’s conference call can do so using this link.
Regional Management (NYSE:RM – Get Rating) last released its results on Wednesday, May 4. The credit service provider reported earnings per share of $2.67 for the quarter, beating the consensus estimate of $1.91 by $0.76. The company posted revenue of $120.85 million for the quarter, versus a consensus estimate of $117.18 million. Regional Management posted a return on equity of 31.62% and a net margin of 19.92%. In the same quarter last year, the company posted earnings per share of $2.31. On average, analysts expect regional management to post EPS of $8 for the current fiscal year and EPS of $8 for the next fiscal year.
Regional management inventory performance
NYSE RM opened at $41.27 on Tuesday. Regional management has a 1 year minimum of $36.50 and a 1 year maximum of $67.60. The company has a debt ratio of 3.76, a current ratio of 30.17 and a quick ratio of 30.17. The company has a market capitalization of $399.16 million, a PE ratio of 4.72 and a beta of 1.38. The stock’s 50-day simple moving average is $41.12 and its 200-day simple moving average is $45.73.
Regional management announces dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15. Investors of record on Wednesday, May 25 received a dividend of $0.30. The ex-dividend date was Tuesday, May 24. This represents an annualized dividend of $1.20 and a dividend yield of 2.91%. The Regional Management dividend distribution rate is currently 13.81%.
Insider activity at regional management
In other regional management news, manager Sandra K. Johnson sold 1,687 shares of the company in a trade on Monday, May 23. The stock was sold at an average price of $44.77, for a total transaction of $75,526.99. Following the completion of 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, which is available via this hyperlink. Insiders hold 8.90% of the shares of the company.
Institutional investors weigh on regional management
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. American Century Companies Inc. increased its stake in Regional Management stock by 27.5% in the first quarter. American Century Companies Inc. now owns 43,395 shares of the credit service provider valued at $2,108,000 after buying an additional 9,349 shares last quarter. MetLife Investment Management LLC increased its stake in Regional Management shares by 58.5% in the first quarter. MetLife Investment Management LLC now owns 5,066 shares of the credit service provider valued at $246,000 after buying an additional 1,870 shares last quarter. BlackRock Inc. increased its stake in regional leadership shares by 2.6% in the first 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. Sei Investments Co. increased its stake in Regional Management shares by 49.2% in the first quarter. Sei Investments Co. now owns 25,318 shares of the credit service provider valued at $1,216,000 after buying an additional 8,350 shares last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Regional Management shares by 0.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 62,301 shares of the credit service provider valued at $3,026,000 after buying 325 additional shares last quarter. Institutional investors and hedge funds own 89.95% of the company’s shares.
Analyst upgrades and downgrades
Several research companies have recently commented on RM. Keefe, Bruyette & Woods cut their price target on regional management from $53.00 to $41.00 in a Monday, July 11 report. StockNews.com upgraded regional leadership from a “strong buy” rating to a “buy” rating in a Friday, April 8 report.
Regional Management Company Profile
(Get an evaluation)
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.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in regional management right now?
Before you consider regional management, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and regional direction wasn’t on the list.
While regional management currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here