Regional Management (NYSE:RM) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Key Points

• Regional Management beat quarterly expectations: EPS came in at $1.61 versus the $1.47 consensus, while revenue reached $178.78 million compared with estimates of $174.69 million.
• Shares rose 2.7% to $33.77 following the results. The company reported a 12.49% return on equity and a 6.98% net margin.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $43.00, while recent insider activity included CEO buying and broader insider selling.

Regional Management (NYSE:RM - Get Free Report) announced its quarterly earnings data on Wednesday. The credit services provider reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.14, FiscalAI reports. Regional Management had a return on equity of 12.49% and a net margin of 6.98%. The firm had revenue of $178.78 million for the quarter, compared to the consensus estimate of $174.69 million.

Regional Management Stock Up 2.7%

Shares of NYSE:RM traded up $0.88 on Wednesday, hitting $33.77. 71,834 shares of the company's stock were exchanged, compared to its average volume of 71,955. The firm's 50-day moving average is $32.74 and its 200 day moving average is $35.39. The company has a market capitalization of $311.56 million, a PE ratio of 7.11 and a beta of 1.02. Regional Management has a 1-year low of $29.89 and a 1-year high of $44.29. The company has a debt-to-equity ratio of 4.41, a quick ratio of 64.04 and a current ratio of 64.04.

Insider Buying and Selling at Regional Management

In other Regional Management news, CEO Lakhbir S. Lamba bought 3,500 shares of Regional Management stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $31.76 per share, with a total value of $111,160.00. Following the completion of the acquisition, the chief executive officer owned 55,734 shares of the company's stock, valued at approximately $1,770,111.84. This represents a 6.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Fund L.P. Forager sold 10,401 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $32.22, for a total transaction of $335,120.22. Following the completion of the sale, the insider directly owned 919,136 shares of the company's stock, valued at $29,614,561.92. The trade was a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 29,722 shares of company stock valued at $958,879. 10.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RM has been the topic of a number of analyst reports. Weiss Ratings downgraded shares of Regional Management from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Citizens Jmp dropped their price target on shares of Regional Management from $45.00 to $43.00 and set a "market outperform" rating for the company in a research note on Thursday, July 30th. Wall Street Zen raised Regional Management from a "hold" rating to a "buy" rating in a research note on Monday, October 12th. Finally, Citigroup reissued a "market outperform" rating on shares of Regional Management in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Regional Management presently has a consensus rating of "Moderate Buy" and an average price target of $43.00.

About Regional Management

Regional Management Corp. NYSE: RM is a consumer finance company that provides credit products to individuals who may have limited access to traditional bank financing. The company primarily offers small and medium-sized installment loans, including secured and unsecured personal loans, through a network of local branches and digital channels.

Its services may also include optional credit-related products, such as insurance and other ancillary offerings associated with consumer lending.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.