Jefferies Group Analysts Decrease Earnings Estimates for Regis Corporation (RGS)
Regis Corporation (NYSE:RGS) – Equities researchers at Jefferies Group dropped their Q1 2018 earnings per share (EPS) estimates for shares of Regis Corporation in a research report issued to clients and investors on Monday. Jefferies Group analyst S. Wissink now forecasts that the company will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.15. Jefferies Group has a “Buy” rating and a $17.00 price objective on the stock. Jefferies Group also issued estimates for Regis Corporation’s Q1 2019 earnings at $0.18 EPS and Q4 2019 earnings at $0.19 EPS.
Regis Corporation (NYSE:RGS) last issued its earnings results on Wednesday, August 23rd. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.12. Regis Corporation had a positive return on equity of 0.70% and a negative net margin of 0.95%. The company had revenue of $424.20 million during the quarter. TRADEMARK VIOLATION WARNING: This story was posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/10/11/jefferies-group-analysts-decrease-earnings-estimates-for-regis-corporation-rgs.html.
Several other equities analysts have also weighed in on the company. ValuEngine raised Regis Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. BidaskClub lowered Regis Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
Regis Corporation (NYSE:RGS) traded down 0.80% during mid-day trading on Wednesday, reaching $14.91. The company had a trading volume of 9,891 shares. Regis Corporation has a one year low of $9.02 and a one year high of $15.61. The stock’s market capitalization is $691.81 million. The company’s 50-day moving average is $13.46 and its 200-day moving average is $11.14.
A number of hedge funds and other institutional investors have recently made changes to their positions in RGS. Wells Fargo & Company MN grew its holdings in Regis Corporation by 12.9% during the first quarter. Wells Fargo & Company MN now owns 82,401 shares of the company’s stock valued at $966,000 after purchasing an additional 9,421 shares during the period. Bank of New York Mellon Corp grew its holdings in Regis Corporation by 3.8% during the first quarter. Bank of New York Mellon Corp now owns 404,282 shares of the company’s stock valued at $4,738,000 after purchasing an additional 14,967 shares during the period. Comerica Bank grew its holdings in Regis Corporation by 4.0% during the first quarter. Comerica Bank now owns 38,922 shares of the company’s stock valued at $425,000 after purchasing an additional 1,499 shares during the period. Ameriprise Financial Inc. grew its holdings in Regis Corporation by 3.8% during the first quarter. Ameriprise Financial Inc. now owns 185,742 shares of the company’s stock valued at $2,178,000 after purchasing an additional 6,885 shares during the period. Finally, State of Tennessee Treasury Department grew its holdings in Regis Corporation by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 36,065 shares of the company’s stock valued at $423,000 after purchasing an additional 5,443 shares during the period. 95.35% of the stock is owned by institutional investors and hedge funds.
About Regis Corporation
Regis Corporation owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. 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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