Regional Management Corp. (RM) Expected to Announce Quarterly Sales of $71.86 Million

Equities research analysts forecast that Regional Management Corp. (NYSE:RM) will announce sales of $71.86 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Regional Management Corp.’s earnings. The lowest sales estimate is $71.01 million and the highest is $72.71 million. Regional Management Corp. posted sales of $64.02 million during the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The firm is expected to announce its next quarterly earnings results on Tuesday, February 6th.

On average, analysts expect that Regional Management Corp. will report full-year sales of $71.86 million for the current financial year, with estimates ranging from $271.37 million to $273.06 million. For the next financial year, analysts expect that the business will post sales of $293.08 million per share, with estimates ranging from $287.18 million to $298.97 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Regional Management Corp..

RM has been the topic of several research analyst reports. ValuEngine downgraded shares of Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. BidaskClub downgraded shares of Regional Management Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. DA Davidson reaffirmed a “neutral” rating and issued a $27.00 price objective on shares of Regional Management Corp. in a report on Tuesday, July 18th. BMO Capital Markets upped their price objective on shares of Regional Management Corp. from $24.00 to $25.00 and gave the company a “market perform” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Regional Management Corp. from a “hold” rating to a “sell” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Regional Management Corp. has an average rating of “Hold” and an average price target of $25.83.

Regional Management Corp. (NYSE:RM) traded down $0.54 during trading hours on Friday, reaching $22.52. 22,100 shares of the company’s stock traded hands, compared to its average volume of 70,575. The stock has a market cap of $262.74, a P/E ratio of 9.85 and a beta of 1.40. Regional Management Corp. has a 12 month low of $18.31 and a 12 month high of $27.56. The company has a debt-to-equity ratio of 2.34, a quick ratio of 39.39 and a current ratio of 39.39.

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Hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. boosted its holdings in shares of Regional Management Corp. by 7.1% in the 1st quarter. American International Group Inc. now owns 6,512 shares of the credit services provider’s stock valued at $127,000 after acquiring an additional 430 shares during the last quarter. UBS Group AG boosted its holdings in Regional Management Corp. by 115.0% during the first quarter. UBS Group AG now owns 7,137 shares of the credit services provider’s stock worth $138,000 after buying an additional 3,818 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in Regional Management Corp. during the first quarter worth $165,000. Hancock Holding Co. purchased a new stake in Regional Management Corp. during the second quarter worth $217,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Regional Management Corp. by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock worth $218,000 after buying an additional 554 shares in the last quarter. 86.78% of the stock is currently owned by institutional investors and hedge funds.

About Regional Management Corp.

Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.

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Earnings History and Estimates for Regional Management Corp. (NYSE:RM)

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