Regis Corporation (RGS) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS
Regis Corporation (NYSE:RGS) issued its earnings results on Tuesday. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03), Bloomberg Earnings reports. Regis Corporation had a negative net margin of 0.95% and a positive return on equity of 0.70%. During the same period last year, the company earned $0.12 earnings per share.
Shares of Regis Corporation (NYSE:RGS) traded up 1.76% during mid-day trading on Tuesday, hitting $15.00. The stock had a trading volume of 95,142 shares. The stock’s 50-day moving average is $14.39 and its 200 day moving average is $11.51. Regis Corporation has a 1-year low of $9.02 and a 1-year high of $15.61. The firm’s market capitalization is $695.99 million.
Several brokerages have recently commented on RGS. BidaskClub upgraded Regis Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and issued a $17.00 target price (up from $15.00) on shares of Regis Corporation in a research note on Tuesday, October 10th. Finally, ValuEngine upgraded Regis Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th.
About Regis Corporation
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.
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