Regional Management (NYSE:RM – Get Free Report) released its quarterly earnings data on Wednesday. The credit services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.69, Zacks reports. The business had revenue of $144.31 million during the quarter, compared to analysts’ expectations of $140.02 million. Regional Management had a net margin of 2.89% and a return on equity of 8.85%. During the same period in the previous year, the company earned $0.90 EPS.
Regional Management Stock Performance
NYSE RM traded up $2.03 during trading on Thursday, reaching $27.32. The company’s stock had a trading volume of 24,934 shares, compared to its average volume of 23,591. The company has a debt-to-equity ratio of 4.33, a quick ratio of 41.16 and a current ratio of 41.17. The firm has a market cap of $269.65 million, a price-to-earnings ratio of 16.71 and a beta of 1.45. Regional Management has a twelve month low of $20.50 and a twelve month high of $34.60. The business’s fifty day moving average price is $24.29 and its 200-day moving average price is $24.17.
Regional Management Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.39%. Regional Management’s dividend payout ratio is presently 73.17%.
Insider Buying and Selling at Regional Management
Analyst Ratings Changes
Several brokerages recently commented on RM. StockNews.com upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 2nd. Stephens reiterated an “equal weight” rating and set a $30.00 price target on shares of Regional Management in a research note on Thursday, February 8th.
View Our Latest Research Report on Regional Management
Regional Management Company Profile
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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