Regional Management Corp. (RM) to Post Q1 2017 Earnings of $0.55 Per Share, Jefferies Group Forecasts

Regional Management Corp. (RM) to Post Q1 2017 Earnings of $0.55 Per Share, Jefferies Group Forecasts

Regional Management Corp. (NYSE:RM) – Jefferies Group reduced their Q1 2017 earnings per share estimates for shares of Regional Management Corp. in a report released on Wednesday. Jefferies Group analyst J. Hecht now anticipates that the firm will earn $0.55 per share for the quarter, down from their previous estimate of $0.64. Jefferies Group also issued estimates for Regional Management Corp.’s Q2 2017 earnings at $0.61 EPS, Q3 2017 earnings at $0.68 EPS, Q4 2017 earnings at $0.65 EPS, FY2017 earnings at $2.50 EPS, Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.76 EPS, Q4 2018 earnings at $0.74 EPS and FY2018 earnings at $2.80 EPS.

A number of other brokerages also recently issued reports on RM. Zacks Investment Research upgraded shares of Regional Management Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Friday, October 21st. Janney Montgomery Scott downgraded shares of Regional Management Corp. from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Friday, December 2nd. Finally, BMO Capital Markets downgraded shares of Regional Management Corp. from an “outperform” rating to a “market perform” rating and set a $26.00 price target on the stock. in a report on Friday, November 18th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Regional Management Corp. presently has a consensus rating of “Hold” and an average target price of $23.75.

Shares of Regional Management Corp. (NYSE:RM) opened at 22.14 on Thursday. The stock has a market capitalization of $253.48 million, a price-to-earnings ratio of 11.13 and a beta of 1.58. Regional Management Corp. has a 12-month low of $12.83 and a 12-month high of $27.56. The stock’s 50 day moving average is $25.21 and its 200-day moving average is $22.86.

Regional Management Corp. (NYSE:RM) last posted its earnings results on Tuesday, February 7th. The company reported $0.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.56. The company earned $64 million during the quarter, compared to analyst estimates of $56.70 million. Regional Management Corp. had a net margin of 9.99% and a return on equity of 12.61%.

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Regional Management Corp. by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 60,110 shares of the company’s stock worth $881,000 after buying an additional 673 shares during the period. Citadel Advisors LLC acquired a new stake in Regional Management Corp. during the third quarter worth $277,000. LSV Asset Management increased its stake in Regional Management Corp. by 5.0% in the third quarter. LSV Asset Management now owns 466,199 shares of the company’s stock worth $10,093,000 after buying an additional 22,099 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Regional Management Corp. by 39.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 130,172 shares of the company’s stock worth $1,909,000 after buying an additional 36,569 shares during the period. Finally, Algert Global LLC increased its stake in Regional Management Corp. by 331.5% in the third quarter. Algert Global LLC now owns 56,296 shares of the company’s stock worth $1,219,000 after buying an additional 43,250 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

About Regional Management Corp.

Regional Management Corp. is a diversified specialty consumer finance company. The Company provides a range 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 credit insurance products.

Related posts

Leave a Comment