Q2 2018 EPS Estimates for Regis Corporation Lifted by Analyst (RGS)
Regis Corporation (NYSE:RGS) – Investment analysts at Jefferies Group upped their Q2 2018 earnings estimates for Regis Corporation in a research note issued to investors on Monday. Jefferies Group analyst S. Wissink now forecasts that the company will earn $0.09 per share for the quarter, up from their previous forecast of $0.02. Jefferies Group has a “Buy” rating and a $17.00 price objective on the stock. Jefferies Group also issued estimates for Regis Corporation’s Q3 2018 earnings at ($0.09) EPS, FY2018 earnings at $0.25 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at ($0.03) EPS and FY2019 earnings at $0.49 EPS.
Regis Corporation (NYSE:RGS) last issued its quarterly earnings data on Wednesday, August 23rd. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.12. The firm had revenue of $424.20 million for the quarter. Regis Corporation had a positive return on equity of 0.70% and a negative net margin of 0.95%. WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/10/12/q2-2018-eps-estimates-for-regis-corporation-lifted-by-analyst-rgs.html.
Several other equities research analysts also recently weighed in on the company. ValuEngine upgraded Regis Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. BidaskClub upgraded Regis Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th.
Shares of Regis Corporation (NYSE RGS) traded down 0.41% during midday trading on Thursday, hitting $14.68. The stock had a trading volume of 51,293 shares. The company’s 50 day moving average is $13.59 and its 200 day moving average is $11.16. The company’s market cap is $681.14 million. Regis Corporation has a 52-week low of $9.02 and a 52-week high of $15.61.
Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Regis Corporation by 6.1% in the first quarter. Public Employees Retirement System of Ohio now owns 10,389 shares of the company’s stock worth $122,000 after buying an additional 599 shares during the period. Jane Street Group LLC purchased a new stake in shares of Regis Corporation in the first quarter worth approximately $127,000. Highbridge Capital Management LLC purchased a new stake in shares of Regis Corporation in the first quarter worth approximately $131,000. Wedge Capital Management L L P NC raised its holdings in shares of Regis Corporation by 10.3% in the second quarter. Wedge Capital Management L L P NC now owns 15,716 shares of the company’s stock worth $161,000 after buying an additional 1,464 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Regis Corporation by 41.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,242 shares of the company’s stock worth $167,000 after purchasing an additional 4,721 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.
Regis Corporation Company Profile
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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