Q3 2018 EPS Estimates for Regis Co. Cut by Analyst (RGS)
Regis Co. (NYSE:RGS) – Investment analysts at KeyCorp reduced their Q3 2018 earnings per share estimates for shares of Regis in a note issued to investors on Monday. KeyCorp analyst J. Gere now anticipates that the company will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.03. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Regis’ Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.26 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.20 EPS, FY2019 earnings at $0.53 EPS and FY2020 earnings at $0.69 EPS.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Regis from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, November 15th. Jefferies Group raised their price target on Regis from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $17.00.
Regis (NYSE:RGS) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $309.87 million during the quarter, compared to the consensus estimate of $334.10 million. Regis had a negative net margin of 2.70% and a positive return on equity of 0.81%. During the same period in the previous year, the business earned $0.12 earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Regis during the 3rd quarter valued at $127,000. Public Employees Retirement System of Ohio raised its position in Regis by 13.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock valued at $121,000 after purchasing an additional 1,353 shares in the last quarter. Trexquant Investment LP bought a new stake in Regis during the 3rd quarter valued at $213,000. BNP Paribas Arbitrage SA raised its position in Regis by 41.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,242 shares of the company’s stock valued at $167,000 after purchasing an additional 4,721 shares in the last quarter. Finally, Aperio Group LLC raised its position in Regis by 22.1% during the 3rd quarter. Aperio Group LLC now owns 20,709 shares of the company’s stock valued at $296,000 after purchasing an additional 3,755 shares in the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.
Regis Company Profile
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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