Regional Management Corp. (NYSE:RM) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Regional Management Corp. to post earnings of $0.60 per share for the quarter.
Regional Management Corp. (NYSE:RM) last issued its earnings results on Tuesday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.06. The company had revenue of $65.34 million for the quarter, compared to analysts’ expectations of $65.00 million. Regional Management Corp. had a net margin of 10.37% and a return on equity of 12.98%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. On average, analysts expect Regional Management Corp. to post $2.44 EPS for the current fiscal year and $2.72 EPS for the next fiscal year.
Shares of Regional Management Corp. (NYSE:RM) opened at 24.92 on Wednesday. The firm has a market capitalization of $290.37 million, a PE ratio of 10.94 and a beta of 1.37. The firm’s 50 day moving average is $24.13 and its 200-day moving average is $22.69. Regional Management Corp. has a one year low of $18.31 and a one year high of $27.56.
Several brokerages recently commented on RM. Stephens began coverage on Regional Management Corp. in a research report on Wednesday, August 23rd. They issued an “equal weight” rating and a $25.00 target price for the company. ValuEngine cut Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. BidaskClub cut Regional Management Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. BMO Capital Markets lifted their price objective on 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, DA Davidson reissued a “neutral” rating and set a $27.00 price objective on shares of Regional Management Corp. in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Regional Management Corp. has an average rating of “Hold” and an average target price of $25.83.
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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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