The regional management (RM) should publish its quarterly results on Wednesday

Regional Management (NYSE:RM) is expected to release quarterly results after market close on Wednesday, February 9. Analysts expect regional management to post earnings of $1.79 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.
Regional Management Inc (NYSE:RM) last released its quarterly results on Monday, November 1. The credit services provider reported EPS of $2.11 for the quarter, beating the Zacks consensus estimate of $1.56 by $0.55. Regional Management posted a return on equity of 29.58% and a net margin of 20.25%. The company posted revenue of $111.46 million in the quarter, versus analyst estimates of $103.32 million. During the same period last year, the company earned earnings per share of $1.01. On average, analysts expect regional management to post EPS of $8 for the current fiscal year and EPS of $7 for the next fiscal year.
NYSE RM shares opened at $51.36 on Wednesday. The company has a current ratio of 34.12, a quick ratio of 34.12 and a debt ratio of 3.49. The company has a market capitalization of $509.08 million, a P/E ratio of 6.78 and a beta of 1.30. Regional leadership has a 52-week low of $29.18 and a 52-week high of $67.60. The company has a 50-day moving average of $55.21.
In other news, CEO Robert William Beck sold 3,000 shares in a trade on Thursday, November 11. The shares were sold at an average price of $60.98, for a total value of $182,940.00. The sale was disclosed in an SEC filing, available at this hyperlink. Also, director Carlos Palomares sold 5,000 shares in a trade on Monday, January 3. The stock was sold at an average price of $57.97, for a total transaction of $289,850.00. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 94,865 shares of the company worth $5,927,941. Insiders hold 9.70% of the shares of the company.
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Several large investors have recently changed their holdings in RM. BNP Paribas Arbitrage SA increased its stake in Regional Management shares by 482.3% in the third quarter. BNP Paribas Arbitrage SA now owns 1,846 shares of the credit services provider worth $107,000 after buying an additional 1,529 shares in the last quarter. UBS Group AG increased its regional management equity stake by 7.7% in the third quarter. UBS Group AG now owns 4,461 shares of the credit services provider worth $259,000 after buying 319 additional shares in the last quarter. Wells Fargo & Company MN increased its equity stake in Regional Management by 357.1% in the second quarter. Wells Fargo & Company MN now owns 22,866 shares of the credit service provider worth $1,065,000 after purchasing an additional 17,864 shares in the last quarter. Royal Bank of Canada increased its holdings of regional management equities by 1.8% in the third quarter. Royal Bank of Canada now owns 18,647 shares of the credit service provider worth $1,085,000 after buying 325 more shares in the last quarter. Finally, Morgan Stanley increased its stake in Regional Management shares by 130.4% in the 2nd quarter. Morgan Stanley now owns 59,683 shares of the credit services provider worth $2,778,000 after buying 33,783 additional shares in the last quarter. 80.60% of the shares are currently held by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded the regional leadership’s stock from a “hold” rating to a “buy” rating and set a price target of $66.00 for the company in a research report on Friday, November 5.
About regional management
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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