Wall Street analysts forecast that Regis Co. (NYSE:RGS) will post earnings of $0.04 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Regis’ earnings. The lowest EPS estimate is $0.01 and the highest is $0.06. Regis posted earnings of ($0.18) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 122.2%. The business is expected to issue its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Regis will report full-year earnings of $0.37 per share for the current year. For the next financial year, analysts expect that the business will report earnings of $0.55 per share, with EPS estimates ranging from $0.51 to $0.59. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Regis.
Regis (NYSE:RGS) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $308.52 million during the quarter, compared to analyst estimates of $316.30 million. Regis had a negative net margin of 0.51% and a positive return on equity of 1.68%.
Several equities analysts have recently commented on RGS shares. Jefferies Group upped their price target on shares of Regis from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Regis from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, November 15th. Finally, KeyCorp started coverage on shares of Regis in a research report on Wednesday, December 20th. They set a “sector weight” rating for the company. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Regis currently has a consensus rating of “Buy” and an average target price of $17.50.
Regis (RGS) traded down $0.32 during trading on Friday, hitting $15.98. 28,664 shares of the stock traded hands, compared to its average volume of 155,151. The company has a market capitalization of $786.83, a price-to-earnings ratio of 93.61, a P/E/G ratio of 6.51 and a beta of 1.41. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.23. Regis has a fifty-two week low of $9.02 and a fifty-two week high of $16.95.
In related news, Director David Patrick Williams acquired 5,000 shares of Regis stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $15.50 per share, with a total value 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 approximately $1,501,345.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 24.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings in Regis by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 30,110 shares of the company’s stock worth $309,000 after purchasing an additional 163 shares during the period. Thrivent Financial For Lutherans lifted its holdings in Regis by 6.0% in the second quarter. Thrivent Financial For Lutherans now owns 21,090 shares of the company’s stock worth $217,000 after purchasing an additional 1,200 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in 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. Voya Investment Management LLC lifted its holdings in Regis by 13.5% in the second quarter. Voya Investment Management LLC now owns 23,379 shares of the company’s stock worth $240,000 after purchasing an additional 2,775 shares during the period. Finally, Citigroup Inc. lifted its holdings in Regis by 7.0% in the second quarter. Citigroup Inc. now owns 47,130 shares of the company’s stock worth $484,000 after purchasing an additional 3,101 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.
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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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