Jefferies Financial Group Comments on Regis Co.’s Q2 2019 Earnings (RGS)

Regis Co. (NYSE:RGS) – Equities research analysts at Jefferies Financial Group increased their Q2 2019 earnings per share estimates for shares of Regis in a report released on Wednesday, October 24th. Jefferies Financial Group analyst S. Wissink now anticipates that the company will earn $0.06 per share for the quarter, up from their prior estimate of $0.01. Jefferies Financial Group also issued estimates for Regis’ Q1 2020 earnings at $0.31 EPS.

Regis (NYSE:RGS) last announced its earnings results on Tuesday, August 21st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.03 by $0.07. Regis had a return on equity of 5.50% and a net margin of 0.72%. The company had revenue of $294.89 million for the quarter, compared to analyst estimates of $315.10 million. During the same quarter in the prior year, the company earned $0.03 EPS.



Other research analysts also recently issued reports about the company. Zacks Investment Research raised Regis from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, July 26th. TheStreet raised Regis from a “c+” rating to a “b” rating in a research note on Tuesday, August 21st. Three investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $20.00.

Shares of Regis stock opened at $19.00 on Monday. Regis has a one year low of $13.79 and a one year high of $22.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.87. The stock has a market cap of $848.12 million, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 3.28 and a beta of 1.46.

A number of hedge funds have recently bought and sold shares of the stock. Northern Trust Corp raised its stake in Regis by 0.6% during the 2nd quarter. Northern Trust Corp now owns 872,908 shares of the company’s stock worth $14,438,000 after buying an additional 4,931 shares during the period. LPL Financial LLC raised its stake in Regis by 8.2% during the 1st quarter. LPL Financial LLC now owns 66,091 shares of the company’s stock worth $1,000,000 after buying an additional 5,031 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Regis by 72.3% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,392 shares of the company’s stock worth $205,000 after buying an additional 5,200 shares during the period. Principal Financial Group Inc. raised its stake in Regis by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 268,437 shares of the company’s stock worth $4,061,000 after buying an additional 7,007 shares during the period. Finally, Hodges Capital Management Inc. raised its stake in Regis by 7.1% during the 2nd quarter. Hodges Capital Management Inc. now owns 120,200 shares of the company’s stock worth $1,988,000 after buying an additional 8,000 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Regis Company Profile

Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through two operating segments, Company-owned salons and Franchise salons. Its salons operate primarily under the trade names of SmartStyle, Supercuts, MasterCuts, Regis Salons, and Cost Cutters; and serve value and premium categories of services.

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Earnings History and Estimates for Regis (NYSE:RGS)

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