Regis Corp. Stock Price Down 5.7% After Earnings Miss (RGS)
Regis Corp. (NYSE:RGS) shares traded down 5.7% during trading on Tuesday after the company announced weaker than expected quarterly earnings, AnalystRatingsNetwork.com reports. The company traded as low as $13.50 and last traded at $13.91, with a volume of 1,018,859 shares traded. The stock had previously closed at $14.75.
The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.14. The company had revenue of $483.90 million for the quarter, compared to the consensus estimate of $477.50 million. During the same quarter last year, the company posted $0.06 earnings per share. Regis Corp.’s revenue was down 3.7% compared to the same quarter last year.
The stock has a 50-day moving average of $14.15 and a 200-day moving average of $13.79. The company’s market cap is $776.5 million.
Regis Corporation business is engaged in owning, operating and franchising hair and retail product salons.
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