News coverage about Regis (NYSE:RGS) has been trending somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Regis earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.6646325286738 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Regis (RGS) opened at $16.85 on Tuesday. Regis has a fifty-two week low of $9.02 and a fifty-two week high of $16.95. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $786.83, a P/E ratio of 24.42, a PEG ratio of 6.03 and a beta of 1.41.
Regis (NYSE:RGS) last posted its earnings results on Thursday, February 1st. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. Regis had a positive return on equity of 1.68% and a negative net margin of 0.51%. The company had revenue of $308.52 million for the quarter, compared to analyst estimates of $316.30 million. sell-side analysts forecast that Regis will post 0.37 EPS for the current fiscal year.
Several brokerages have issued reports on RGS. Zacks Investment Research lowered Regis from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. KeyCorp began coverage on Regis in a report on Wednesday, December 20th. They issued a “sector weight” rating on the stock. Finally, Jefferies Group increased their price target on Regis from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.50.
In related news, Director David Patrick Williams bought 5,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were bought at an average price of $15.50 per share, for a total transaction of $77,500.00. Following the completion of the acquisition, the director now directly owns 96,861 shares of the company’s stock, valued at $1,501,345.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.00% of the stock is owned by company insiders.
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Regis Company Profile
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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