Q1 2023 Earnings Forecast for Regional Management Corp. Issued By Jefferies Financial Group (NYSE: RM)
Regional Management Corp. (NYSE: RM – Get Rating) – Equities researchers at Jefferies Financial Group reduced their Q1 2023 earnings estimates for shares of Regional Management in a research note issued on Wednesday, May 4th. Jefferies Financial Group analyst J. Hecht now expects that the credit services provider will post earnings of $ 1.85 per share for the quarter, down from their previous estimate of $ 1.99. Jefferies Financial Group also issued estimates for Regional Management’s Q2 2023 earnings at $ 2.09 EPS, Q4 2023 earnings at $ 1.96 EPS and FY2023 earnings at $ 7.87 EPS.
Regional Management (NYSE: RM – Get Rating) last announced its earnings results on Wednesday, May 4th. The credit services provider reported $ 2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $ 1.91 by $ 0.76. Regional Management had a return on equity of 31.59% and a net margin of 20.70%. During the same quarter last year, the company earned $ 2.31 EPS.
RM has been the topic of a number of other research reports. Zacks Investment Research upgraded Regional Management from a “sell” rating to a “hold” rating in a research note on Wednesday. StockNews.com lowered Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 8th.
Shares of NYSE RM opened at $ 48.23 on Friday. The business’s 50 day moving average is $ 47.00 and its 200-day moving average is $ 52.46. Regional Management has a 1-year low of $ 41.05 and a 1-year high of $ 67.60. The company has a current ratio of 27.76, a quick ratio of 27.76 and a debt-to-equity ratio of 3.88. The firm has a market cap of $ 472.17 million, a P / E ratio of 5.55 and a beta of 1.33.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, May 25th will be paid a $ 0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 24th. This represents a $ 1.20 annualized dividend and a dividend yield of 2.49%. Regional Management’s payout ratio is 13.81%.
In other news, CEO Robert William Beck sold 5,000 shares of Regional Management stock in a transaction on Tuesday, March 8th. The stock was sold at an average price of $ 47.74, for a total value of $ 238,700.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Basswood Capital Management, L sold 2,367 shares of the firm’s stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $ 53.92, for a total value of $ 127,628.64. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RM. Forager Capital Management LLC acquired a new stake in shares of Regional Management during the 4th quarter valued at $ 25,332,000. Millennium Management LLC acquired a new position in Regional Management during the 4th quarter worth about $ 4,590,000. Morgan Stanley lifted its holdings in Regional Management by 130.4% during the 2nd quarter. Morgan Stanley now owns 59,683 shares of the credit services provider’s stock worth $ 2,778,000 after buying an additional 33,783 shares during the period. Assenagon Asset Management SA acquired a new position in Regional Management during the 4th quarter worth about $ 1,905,000. Finally, Los Angeles Capital Management LLC lifted its holdings in Regional Management by 134.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 49,880 shares of the credit services provider’s stock worth $ 2,902,000 after buying an additional 28,597 shares during the period. 89.95% of the stock is currently owned by institutional investors.
About Regional Management (Get Rating)
Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.
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