Q4 2018 Earnings Estimate for Regis Corporation Issued By Jefferies Group (RGS)
Regis Corporation (NYSE:RGS) – Research analysts at Jefferies Group cut their Q4 2018 earnings per share (EPS) estimates for shares of Regis Corporation in a report released on Tuesday. Jefferies Group analyst S. Wissink now forecasts that the company will earn $0.05 per share for the quarter, down from their previous estimate of $0.12. Jefferies Group currently has a “Buy” rating and a $18.00 target price on the stock.
A number of other research analysts also recently issued reports on the stock. ValuEngine upgraded shares of Regis Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub upgraded shares of Regis Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th.
Shares of Regis Corporation (NYSE RGS) traded down $0.20 on Thursday, reaching $14.58. 77,335 shares of the company were exchanged, compared to its average volume of 167,010. The stock has a market capitalization of $682.43, a PE ratio of 162.78 and a beta of 1.42.
Regis Corporation (NYSE:RGS) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). Regis Corporation had a negative net margin of 2.70% and a positive return on equity of 0.81%. The company had revenue of $309.87 million for the quarter, compared to analysts’ expectations of $334.10 million. During the same period in the previous year, the firm posted $0.12 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the business. Boston Partners lifted its position in Regis Corporation by 4.9% during the 3rd quarter. Boston Partners now owns 240,700 shares of the company’s stock valued at $3,435,000 after purchasing an additional 11,350 shares during the period. IndexIQ Advisors LLC lifted its position in Regis Corporation by 83.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 73,951 shares of the company’s stock valued at $1,055,000 after purchasing an additional 33,546 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Regis Corporation during the 3rd quarter valued at about $333,000. Aperio Group LLC lifted its position in Regis Corporation 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 during the period. Finally, Nationwide Fund Advisors lifted its position in Regis Corporation by 32.8% during the 3rd quarter. Nationwide Fund Advisors now owns 40,069 shares of the company’s stock valued at $572,000 after purchasing an additional 9,906 shares during the period. Institutional investors own 95.20% of the company’s stock.
Regis Corporation 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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