Regis Co. (NYSE:RGS) – Investment analysts at KeyCorp dropped their Q3 2018 earnings per share (EPS) estimates for shares of Regis in a report released on Monday. KeyCorp analyst J. Gere now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their previous 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 have also recently commented on RGS. Zacks Investment Research cut shares of Regis from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Jefferies Group increased their price target on shares of Regis from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $17.00.
Shares of Regis (NYSE:RGS) traded up $0.31 during trading hours on Wednesday, hitting $15.37. 84,000 shares of the stock were exchanged, compared to its average volume of 101,412. Regis has a 1-year low of $9.02 and a 1-year 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 stock has a market capitalization of $722.96, a PE ratio of -80.89, a price-to-earnings-growth ratio of 9.68 and a beta of 1.44.
Regis (NYSE:RGS) last announced its earnings results on Tuesday, October 31st. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $334.10 million. During the same period in the previous year, the company posted $0.12 earnings per share.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System raised its holdings in Regis by 5.9% during the third quarter. California Public Employees Retirement System now owns 217,872 shares of the company’s stock worth $3,109,000 after purchasing an additional 12,089 shares in the last quarter. Oaktree Capital Management LP acquired a new position in Regis during the third quarter worth about $4,593,000. OxFORD Asset Management LLP acquired a new position in Regis during the third quarter worth about $1,146,000. Wells Fargo & Company MN grew its position in Regis by 17.1% during the third quarter. Wells Fargo & Company MN now owns 96,428 shares of the company’s stock worth $1,376,000 after buying an additional 14,072 shares during the period. Finally, Trexquant Investment LP acquired a new position in Regis during the third quarter worth about $213,000. 95.55% of the stock is owned by hedge funds and other institutional investors.
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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