Regis Corp. Hits New 52-Week Low at $15.01 (RGS)
Shares of Regis Corp. (NYSE:RGS) hit a new 52-week low during mid-day trading on Monday, Analyst Ratings Network reports. The stock traded as low as $15.01 and last traded at $15.08, with a volume of 551,495 shares trading hands. The stock had previously closed at $15.35.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Regis Corp. (NYSE:RGS) in a research note to investors on Friday, August 30th. They now have a $17.00 price target on the stock.
Regis Corp. has a one year low of $14.96 and a one year high of $19.59. The stock’s 50-day moving average is $16.70 and its 200-day moving average is $17.55. The company has a market cap of $844.7 million and a price-to-earnings ratio of 30.10.
Regis Corp. (NYSE:RGS) last announced its earnings results on Tuesday, August 27th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.06. The company had revenue of $502.30 million for the quarter, compared to the consensus estimate of $513.19 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was down 23.7% on a year-over-year basis. Analysts expect that Regis Corp. will post $0.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, August 29th.
Regis Corporation business is engaged in owning, operating and franchising hair and retail product salons.
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