Regional Management Corp. (NYSE:RM) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, RM is expected to report 3Q20 income of $ 0.55 per share from revenue of $ 86.26 million.
For the full year, analysts anticipate top line of $ 361.87 million, while looking forward to income of $ 1.20 per share bottom line.
Previous Quarter Performance
Regional Management Corp. recorded income for the second quarter of $ 0.68 per share, from the revenue of $ 89.85 million. According to street consensus, RM was expected to report 2Q20 income of $ 0.81 per share from revenue of $ 86.24 million. The bottom line results missed street analysts by $ 0.13 or 16.05 percent, at the same time, top line results outshined analysts by $ 3.61 million or 4.19 percent.
Stock Performance
Shares of Regional Management Corp. traded low $ -0.67 or -3.27 percent on Wednesday, reaching $ 19.83 with volume of 26.90 thousand shares. Regional Management Corp. has traded high as $ 20.21 and has cracked $ 19.31 on the downward trend
According to the previous trading day, closing price of $ 19.83, representing a 98.45 % increase from the 52 week low of $ 10.33 and a 41.31 % decrease over the 52 week high of $ 34.93.
The company has a market capital of $ 224.81 million and is part of the Financial Services sector and Credit Services industry.
Conference Call
Regional Management Corp. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.regionalmanagement.com
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 traditional lenders. The company offers small and large installment loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products. Its loan products are secured and structured on a fixed rate and fixed term basis with fully amortizing equal monthly installment payments repayable at any time without penalty.
