Regis Co. (NYSE:RGS) – Stock analysts at KeyCorp reduced their Q3 2018 EPS estimates for Regis in a research note issued to investors on Monday, Zacks Investment Research reports. KeyCorp analyst J. Gere now anticipates that the company will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.03. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Regis’ Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.26 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.20 EPS, FY2019 earnings at $0.53 EPS and FY2020 earnings at $0.69 EPS.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Regis from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. Jefferies Group lifted their target price on Regis from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.00.
Shares of Regis (NYSE:RGS) traded down $0.24 during trading on Wednesday, reaching $15.68. The company’s stock had a trading volume of 398,220 shares, compared to its average volume of 105,245. Regis has a fifty-two week low of $9.02 and a fifty-two week high of $16.68. The company has a quick ratio of 1.48, a current ratio of 1.94 and a debt-to-equity ratio of 0.25. The firm has a market cap of $730.41, a P/E ratio of -82.53, a price-to-earnings-growth ratio of 9.28 and a beta of 1.44.
Regis (NYSE:RGS) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). Regis had a negative net margin of 2.70% and a positive return on equity of 0.81%. The business had revenue of $309.87 million for the quarter, compared to analyst estimates of $334.10 million. During the same period in the prior year, the business earned $0.12 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in shares of Regis by 13.0% in the second quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock worth $121,000 after purchasing an additional 1,353 shares during the period. SG Americas Securities LLC bought a new position in shares of Regis in the third quarter worth $127,000. BNP Paribas Arbitrage SA grew its position in Regis by 41.0% in the second quarter. BNP Paribas Arbitrage SA now owns 16,242 shares of the company’s stock valued at $167,000 after acquiring an additional 4,721 shares during the last quarter. Trexquant Investment LP bought a new position in Regis in the third quarter valued at about $213,000. Finally, Thrivent Financial For Lutherans grew its position in Regis by 6.0% in the second quarter. Thrivent Financial For Lutherans now owns 21,090 shares of the company’s stock valued at $217,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors own 95.74% of the company’s stock.
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Regis Corporation owns, franchises and operates beauty salons. The Company operates through two segments: North American Value and North American Premium. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.
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