Earnings per share of $1.91 expected for Regional Management Corp. (NYSE:RM) this quarter

ByDavid M. Conte

Mar 25, 2022

Wall Street analysts expect Regional Management Corp. (NYSE:RM- Get a rating) will report earnings of $1.91 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts released regional management earnings estimates, with the highest EPS estimate of $2.16 and the lowest estimate of $1.66. Regional management reported earnings of $2.31 per share in the same quarter last year, indicating a negative 17.3% year-over-year growth rate. The company is due to announce its next results on Monday, January 1.

On average, analysts expect regional management to report annual 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 EPS averages are an average based on a survey of analysts who cover regional management.

Regional Management (NYSE: RM – Get a rating) last released its quarterly earnings data on Wednesday, February 9. The credit service provider reported earnings per share (EPS) of $2.04 for the quarter, beating the Zacks consensus estimate of $1.79 by $0.25. The company posted revenue of $119.48 million for the quarter, versus a consensus estimate of $116.84 million. Regional Management generated a net margin of 20.70% and a return on equity of 31.59%. During the same period last year, the company earned earnings per share of $1.28.

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RM has been the subject of a number of recent analyst reports. StockNews.com upgraded the regional leadership’s stock from a “buy” rating to a “strong buy” rating in a report on Tuesday. Zacks Investment Research downgraded the regional leadership’s shares from a “strong buy” rating to a “hold” rating in a Wednesday, Feb. 2, report.

In other news, Director Carlos Palomares sold 5,000 shares of the company in a transaction dated Monday, January 3. The shares were sold at an average price of $57.97, for a total value of $289,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Basswood Capital Management director L sold 2,367 shares of the company in a trade dated Wednesday, February 16. The shares were sold at an average price of $53.92, for a total transaction of $127,628.64. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 12,367 shares of the company valued at $656,179. Insiders of the company own 9.70% of the shares of the company.

Several institutional investors have recently changed their positions in RM. State Street Corp increased its position in regional management stocks by 10.8% in the second quarter. State Street Corp now owns 164,233 shares of the credit service provider valued at $7,643,000 after acquiring an additional 15,968 shares during the period. Morgan Stanley increased its position in regional management by 130.4% during the second quarter. Morgan Stanley now owns 59,683 shares of the credit services provider worth $2,778,000 after buying 33,783 additional shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Regional Management during the second quarter valued at approximately $279,000. Metropolitan Life Insurance Co NY purchased a new stake in Regional Management during the second quarter worth approximately $117,000. Finally, Invesco Ltd. raised its position in regional management by 256.0% during the second quarter. Invesco Ltd. now owns 59,075 shares of the credit service provider worth $2,749,000 after purchasing an additional 42,483 shares during the period. 85.57% of the shares are held by institutional investors.

RM shares opened at $47.03 on Friday. The company has a market capitalization of $462.16 million, a price-earnings ratio of 5.65 and a beta of 1.35. Regional management has a 1 year minimum of $33.21 and a 1 year maximum of $67.60. The company’s fifty-day simple moving average is $49.93 and its 200-day simple moving average is $55.00. The company has a current ratio of 27.76, a quick ratio of 27.76 and a debt ratio of 3.88.

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 per share. This represents a dividend of $1.20 on an annualized basis and a yield of 2.55%. This is a boost from the previous quarterly regional management dividend of $0.25. The ex-dividend date was Tuesday, February 22. The Regional Division’s payout rate is 14.41%.

About regional management (Get a rating)

Regional Management Corp. provides financial services to consumers. The Company’s products include small, large and retail installment loans. It also offers optional payment insurance and warranty protection products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is based in Greer, SC.

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Earnings history and estimates for regional management (NYSE:RM)

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