Zacks: Analysts Anticipate Regis Co. (RGS) Will Post Earnings of $0.04 Per Share

Equities analysts expect that Regis Co. (NYSE:RGS) will post earnings per share of $0.04 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Regis’ earnings. The highest EPS estimate is $0.06 and the lowest is $0.01. Regis reported earnings of ($0.18) per share in the same quarter last year, which would indicate a positive year over year growth rate of 122.2%. The firm is scheduled to report its next earnings results 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 year, analysts anticipate that the company will post earnings of $0.55 per share, with EPS estimates ranging from $0.51 to $0.59. Zacks’ earnings per share calculations are a mean 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 earnings per share for the quarter, beating the Zacks’ 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%.

RGS has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Regis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Jefferies Group raised 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. Finally, KeyCorp initiated coverage on shares of Regis in a research report on Wednesday, December 20th. They issued a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Regis presently has an average rating of “Buy” and a consensus target price of $17.50.

Regis (NYSE:RGS) traded up $0.18 during trading on Friday, hitting $15.63. 269,668 shares of the stock were exchanged, compared to its average volume of 149,419. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.07. Regis has a one year low of $9.02 and a one year high of $16.68. The company has a market cap of $729.86, a P/E ratio of -91.94, a P/E/G ratio of 6.03 and a beta of 1.41.

Several institutional investors have recently bought and sold shares of RGS. Public Employees Retirement System of Ohio lifted its position in shares of Regis by 13.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock worth $121,000 after buying an additional 1,353 shares during the last quarter. SG Americas Securities LLC bought a new stake in Regis in the 3rd quarter valued at about $127,000. UBS Asset Management Americas Inc. bought a new stake in Regis in the 4th quarter valued at about $176,000. Teacher Retirement System of Texas bought a new stake in Regis in the 4th quarter valued at about $184,000. Finally, Trexquant Investment LP bought a new stake in Regis in the 3rd quarter valued at about $213,000. Institutional investors own 95.70% of the company’s stock.

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About Regis

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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Earnings History and Estimates for Regis (NYSE:RGS)

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