FY2018 Earnings Forecast for Regis Co. Issued By KeyCorp (RGS)

Regis Co. (NYSE:RGS) – Equities researchers at KeyCorp increased their FY2018 earnings per share estimates for shares of Regis in a report released on Thursday. KeyCorp analyst J. Gere now expects that the company will earn $0.37 per share for the year, up from their previous forecast of $0.30. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Regis’ FY2019 earnings at $0.59 EPS.

Regis (NYSE:RGS) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The company had revenue of $308.52 million during the quarter, compared to analyst estimates of $316.30 million. Regis had a positive return on equity of 1.68% and a negative net margin of 0.51%.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Regis from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Jefferies Group upped their target price on Regis from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Regis currently has a consensus rating of “Buy” and an average price target of $17.50.

Shares of Regis (NYSE:RGS) traded up $0.13 during trading hours on Monday, reaching $15.42. The company’s stock had a trading volume of 35,351 shares, compared to its average volume of 128,296. The firm has a market capitalization of $719.58, a price-to-earnings ratio of 85.61, a PEG ratio of 7.86 and a beta of 1.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.52. Regis has a 12 month low of $9.02 and a 12 month high of $16.68.

A number of institutional investors and hedge funds have recently modified their holdings of RGS. Schwab Charles Investment Management Inc. boosted its holdings in Regis by 18.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 583,946 shares of the company’s stock valued at $5,998,000 after purchasing an additional 91,208 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Regis by 9.3% during the 2nd quarter. Teachers Advisors LLC now owns 123,961 shares of the company’s stock worth $1,273,000 after buying an additional 10,583 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Regis by 15.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 193,410 shares of the company’s stock worth $1,986,000 after purchasing an additional 26,057 shares during the period. Ameriprise Financial Inc. raised its position in shares of Regis by 30.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 242,845 shares of the company’s stock worth $2,493,000 after purchasing an additional 57,103 shares during the period. Finally, Thrivent Financial For Lutherans raised its position in shares of Regis by 6.0% during the 2nd 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. 95.70% of the stock is owned by hedge funds and other institutional investors.

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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)

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