Regional Management (RM) Set to Announce Quarterly Earnings on Wednesday

Regional Management (NYSE:RM) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Regional Management to post earnings of $0.90 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.17. Regional Management had a net margin of 2.89% and a return on equity of 8.85%. The business had revenue of $141.66 million for the quarter, compared to analyst estimates of $140.68 million. On average, analysts expect Regional Management to post $4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Regional Management Trading Up 1.4 %

Shares of NYSE RM opened at $26.14 on Wednesday. The company’s 50 day simple moving average is $23.93 and its 200 day simple moving average is $24.17. Regional Management has a fifty-two week low of $20.50 and a fifty-two week high of $34.60. The firm has a market capitalization of $257.95 million, a P/E ratio of 15.94 and a beta of 1.47. The company has a debt-to-equity ratio of 4.33, a current ratio of 41.17 and a quick ratio of 41.16.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 22nd were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.20 annualized dividend and a yield of 4.59%. Regional Management’s dividend payout ratio (DPR) is presently 73.17%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 2nd. Stephens reiterated an “equal weight” rating and issued a $30.00 target price on shares of Regional Management in a report on Thursday, February 8th.

Insider Buying and Selling

In related news, Director Basswood Capital Management, L acquired 4,287 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were acquired at an average cost of $22.99 per share, for a total transaction of $98,558.13. Following the completion of the acquisition, the director now directly owns 470,895 shares in the company, valued at approximately $10,825,876.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.80% of the stock is currently owned by company insiders.

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 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.