Analysts Expect Regis Corporation (RGS) to Post $0.00 Earnings Per Share

Regis Corporation (NYSE:RGS) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price objective of $18.00 for the company, according to Zacks. Zacks has also assigned Regis Corporation an industry rank of 185 out of 265 based on the ratings given to its competitors.

Several brokerages have recently commented on RGS. BidaskClub upgraded shares of Regis Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC raised their price objective on shares of Regis Corporation from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Regis Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday. Finally, ValuEngine upgraded shares of Regis Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its holdings in Regis Corporation by 13.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock valued at $121,000 after acquiring an additional 1,353 shares during the last quarter. SG Americas Securities LLC bought a new stake in Regis Corporation in the 3rd quarter valued at $127,000. Wedge Capital Management L L P NC increased its holdings in Regis Corporation by 10.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 15,716 shares of the company’s stock valued at $161,000 after acquiring an additional 1,464 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Regis Corporation by 41.0% in the 2nd 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. Finally, Aperio Group LLC bought a new stake in Regis Corporation in the 2nd quarter valued at $174,000. Institutional investors own 94.26% of the company’s stock.

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Shares of Regis Corporation (RGS) traded down $0.09 during mid-day trading on Thursday, hitting $15.68. 210,667 shares of the stock traded hands, compared to its average volume of 165,356. The company has a market cap of $730.41, a P/E ratio of 174.22, a price-to-earnings-growth ratio of 11.79 and a beta of 1.42. Regis Corporation has a 12-month low of $9.02 and a 12-month high of $15.90. The company has a quick ratio of 1.48, a current ratio of 1.94 and a debt-to-equity ratio of 0.25.

Regis Corporation (NYSE:RGS) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). The firm had revenue of $309.87 million for the quarter, compared to the consensus estimate of $334.10 million. Regis Corporation had a negative net margin of 2.70% and a positive return on equity of 0.81%. During the same quarter in the previous year, the business earned $0.12 earnings per share. equities analysts expect that Regis Corporation will post 0.19 earnings per share for the current year.

About Regis Corporation

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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