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Are Investors Undervaluing Regional Management (RM) Right Now?
ZACKS· 2024-11-08 15:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...
Regional Management(RM) - 2024 Q3 - Earnings Call Transcript
2024-11-07 03:07
Regional Management Corp. (NYSE:RM) Q3 2024 Results Conference Call November 6, 2024 5:00 PM ET Company Participants Garrett Edson - ICR Rob Beck - President and CEO Harp Rana - CFO Conference Call Participants John Hecht - Jefferies Vincent Caintic - BTIG Bill Dezellem - Tieton Capital Operator Good afternoon, and welcome to the Regional Management Third Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be ...
Regional Management (RM) Q3 Earnings Top Estimates
ZACKS· 2024-11-07 00:30
Regional Management (RM) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.38%. A quarter ago, it was expected that this financial services company would post earnings of $0.59 per share when it actually produced earnings of $0.86, delivering a surprise of 45.76%.Over the last four q ...
Regional Management(RM) - 2024 Q3 - Quarterly Results
2024-11-06 21:22
Exhibit 99.1 Regional Management Corp. Announces Third Quarter 2024 Results - Net income of $7.7 million and diluted earnings per share of $0.76, inclusive of a $4.3 million, or $0.42 per share, impact due to hurricane events occurring in the third quarter of 2024 - - Record revenue and ending net receivables driven by $46 million of sequential portfolio growth, an annualized growth rate of 10% - - Net credit loss rate of 10.6% and 30+ day contractual delinquency rate of 6.9% as of September 30, 2024, both ...
Regional Management Stock Rises 16% in a Month: Should You Buy?
ZACKS· 2024-09-03 16:51
Regional Management Corp. (RM) shares have jumped 15.9% in the past month, outperforming the industry's return of 11% and the S&P 500 Index's rise of 8.7%. Improving credit performance and growth in small loan portfolios appear to have catalyzed this bullishness. Currently priced at $33.53, the stock is just 1.8% below its 52-week high of $34.15. This proximity underscores investor confidence and market optimism about this consumer finance company's prospects. It has the ingredients for further price apprec ...
Regional Management (RM) Declines 2.5% Despite Q2 Earnings Beat
ZACKS· 2024-08-14 16:51
Shares of Regional Management Corp. (RM) have declined 2.5% since it reported second-quarter 2024 results on Jul 31, after the closing bell. The strong second-quarter earnings were supported by an increase in interest and fee income and improved efficiency in its branches. However, the positives were partly offset by higher expenses and lower insurance income. It reported second-quarter 2024 adjusted earnings per share (EPS) of 86 cents, which beat the Zacks Consensus Estimate by 45.8%. The bottom line incr ...
Regional Management(RM) - 2024 Q2 - Quarterly Report
2024-08-02 20:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ended Commission File Number: 001-35477 Regional Management Corp. (Exact name of registrant as specified in its charter) Delaware 57-0847115 (State or other jurisdiction of in ...
Regional Management(RM) - 2024 Q2 - Earnings Call Transcript
2024-08-01 01:56
Regional Management Corp. (NYSE:RM) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Garrett Edson – Managing Director-ICR Rob Beck – President and Chief Executive Officer Harp Rana – Chief Financial Officer Conference Call Participants Steven Kwok – KBW Vincent Caintic – BTIG Alexander Villalobos – Jefferies Operator Ladies and gentlemen, greetings and welcome to the Regional Management Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a liste ...
Regional Management (RM) Q2 Earnings Top Estimates
ZACKS· 2024-08-01 00:15
Regional Management (RM) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 45.76%. A quarter ago, it was expected that this financial services company would post earnings of $0.87 per share when it actually produced earnings of $1.56, delivering a surprise of 79.31%. Over the last four ...
Regional Management(RM) - 2024 Q2 - Earnings Call Presentation
2024-07-31 22:32
2Q 24 Earnings Presentation July 31, 2024 Legal Disclosures 2 This document contains summarized information concerning Regional Management Corp. (the "Company") and the Company's business, operations, financial performance, and trends. No representation is made that the information in this document is complete. For additional financial, statistical, and business information, please see the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the U.S. Securities and ...