KeyCorp Weighs in on Regis Co.’s Q2 2018 Earnings (RGS)

Regis Co. (NYSE:RGS) – KeyCorp issued their Q2 2018 earnings estimates for Regis in a research note issued to investors on Wednesday. KeyCorp analyst J. Gere anticipates that the company will post earnings of $0.03 per share for the quarter. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Regis’ Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.12 EPS, FY2018 earnings at $0.27 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.21 EPS, FY2019 earnings at $0.62 EPS and FY2020 earnings at $0.76 EPS.

Regis (NYSE:RGS) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The business had revenue of $309.87 million during the quarter, compared to the consensus estimate of $334.10 million. Regis had a negative net margin of 2.70% and a positive return on equity of 0.81%. During the same period in the prior year, the firm earned $0.12 earnings per share.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Regis from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Wednesday, November 15th. Jefferies Group boosted their price objective on Regis from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, ValuEngine raised Regis from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.00.

Shares of Regis (NYSE RGS) opened at $15.47 on Monday. The firm has a market capitalization of $706.92, a PE ratio of -81.42, a price-to-earnings-growth ratio of 11.86 and a beta of 1.43. Regis has a twelve month low of $9.02 and a twelve month high of $16.68. The company has a current ratio of 1.94, a quick ratio of 1.48 and a debt-to-equity ratio of 0.25.

Several institutional investors have recently bought and sold shares of RGS. Teachers Advisors LLC grew its position in shares of Regis by 8.9% in the 1st quarter. Teachers Advisors LLC now owns 113,378 shares of the company’s stock valued at $1,329,000 after purchasing an additional 9,235 shares during the period. Aperio Group LLC acquired a new position in shares of Regis in the 2nd quarter valued at approximately $174,000. Russell Investments Group Ltd. acquired a new position in shares of Regis in the 2nd quarter valued at approximately $871,000. Great West Life Assurance Co. Can grew its position in shares of Regis by 9.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 56,111 shares of the company’s stock valued at $575,000 after purchasing an additional 5,000 shares during the period. Finally, Texas Permanent School Fund grew its position in shares of Regis by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 25,696 shares of the company’s stock valued at $264,000 after purchasing an additional 227 shares during the period. Institutional investors own 95.55% of the company’s stock.

WARNING: “KeyCorp Weighs in on Regis Co.’s Q2 2018 Earnings (RGS)” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.com-unik.info/2017/12/25/keycorp-weighs-in-on-regis-co-s-q2-2018-earnings-rgs.html.

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.

Earnings History and Estimates for Regis (NYSE:RGS)

Receive News & Ratings for Regis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regis and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit