Regional Management Corp (RM) Set to Announce Quarterly Earnings on Wednesday
Regional Management Corp (NYSE:RM) is scheduled to announce its earnings results after the market closes on Wednesday, October 25th.
Regional Management Corp (NYSE:RM) last posted its earnings results on Tuesday, August 1st. The credit services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.49 by $0.06. Regional Management Corp had a return on equity of 11.30% and a net margin of 9.39%. The firm had revenue of $65.34 million for the quarter, compared to analysts’ expectations of $65.00 million. During the same period last year, the firm earned $0.49 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. 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 25.22 on Monday. The company has a 50-day moving average price of $23.78 and a 200 day moving average price of $22.45. Regional Management Corp has a 52-week low of $18.31 and a 52-week high of $27.56. The firm has a market capitalization of $293.86 million, a PE ratio of 11.08 and a beta of 1.37.
RM has been the topic of several recent analyst reports. TheStreet raised Regional Management Corp from a “c+” rating to a “b-” rating in a report on Thursday, July 6th. ValuEngine downgraded Regional Management Corp from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Stephens initiated coverage on Regional Management Corp in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $25.00 target price on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $25.00 target price on shares of Regional Management Corp in a report on Friday, July 14th. Finally, BMO Capital Markets boosted their target price on Regional Management Corp from $24.00 to $25.00 and gave the stock a “market perform” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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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