Regis Corp. (RGS) Trading Up 2.5%
Regis Corp. (NYSE:RGS)’s share price was up 2.5% on Thursday . The company traded as high as $12.94 and last traded at $12.89, with a volume of 51,706 shares traded. The stock had previously closed at $12.57.
Separately, Piper Jaffray Cos. lowered shares of Regis Corp. from a “neutral” rating to an “underweight” rating in a report on Thursday, May 19th.
The stock’s market cap is $603.02 million. The firm’s 50-day moving average is $13.25 and its 200-day moving average is $13.80.
Regis Corp. (NYSE:RGS) last released its earnings results on Tuesday, August 23rd. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.13. During the same quarter last year, the business posted $0.01 EPS. The firm earned $47.70 million during the quarter, compared to analyst estimates of $456.17 million. The firm’s revenue was down 3.3% on a year-over-year basis. Equities research analysts predict that Regis Corp. will post $0.08 earnings per share for the current fiscal year.
Regis Corporation owns, franchises and operates beauty salons. The Company operates in three segments: North American Value, North American Premium and International. As of June 30, 2015, the Company owned, franchised or held ownership interests in 9,556 locations around the world. The Company’s locations consist of around 9,300 company-owned and franchised salons and around 200 locations in which it maintains a non-controlling ownership interest.
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