Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Regis Corporation (RGS) Share Price
Media headlines about Regis Corporation (NYSE:RGS) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Regis Corporation earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.2382014093802 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- If Bill Gates Had a Time Machine He’d Make This One Big Change to Windows – Fortune (fortune.com)
- Arkansas one step away from ban on controversial herbicide use next summer – Nasdaq (nasdaq.com)
- Why you shouldn’t imitate Bill Gates if you want to be rich – BBC News (bbc.com)
- Did You Get the Amazon Baby Registry Email? (investorplace.com)
- Amazon Emails Customers With Fake Baby News – Fortune (fortune.com)
A number of brokerages have recently issued reports on RGS. Jefferies Group LLC began coverage on Regis Corporation in a research report on Wednesday, September 13th. They set a “buy” rating and a $15.00 price objective for the company. ValuEngine upgraded Regis Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, BidaskClub upgraded Regis Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $15.00.
Shares of Regis Corporation (RGS) traded up 1.35% during midday trading on Friday, reaching $13.54. The company’s stock had a trading volume of 152,373 shares. Regis Corporation has a 12-month low of $9.02 and a 12-month high of $15.61. The company’s 50-day moving average price is $11.72 and its 200 day moving average price is $10.87. The company’s market capitalization is $628.24 million.
Regis Corporation (NYSE:RGS) last issued its earnings results on Wednesday, August 23rd. The company reported $0.20 earnings per share for the quarter, beating the 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. On average, equities research analysts forecast that Regis Corporation will post $0.13 earnings per share for the current year.
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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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