Small Cap Consu Analysts Lower Earnings Estimates for Regis Co. (NYSE:RGS)

Posted by on Jun 23rd, 2023

Regis Co. (NYSE:RGS – Get Rating) – Equities research analysts at Small Cap Consu decreased their FY2023 EPS estimates for shares of Regis in a research note issued on Tuesday, June 20th. Small Cap Consu analyst E. Beder now expects that the company will earn ($0.22) per share for the year, down from their previous estimate of ($0.20). Small Cap Consu currently has a “Buy” rating on the stock. The consensus estimate for Regis’ current full-year earnings is ($0.20) per share.

Separately, StockNews.com assumed coverage on shares of Regis in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

Regis Stock Down 0.9 %

Shares of NYSE RGS opened at $1.05 on Thursday. The firm’s 50-day simple moving average is $1.06 and its 200 day simple moving average is $1.23. The company has a market cap of $47.84 million, a price-to-earnings ratio of -1.06 and a beta of 1.79. Regis has a 12-month low of $0.69 and a 12-month high of $1.85.

Regis (NYSE:RGS – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The company had revenue of $55.77 million for the quarter, compared to analyst estimates of $55.94 million.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RGS. Jane Street Group LLC bought a new stake in shares of Regis in the 1st quarter valued at about $334,000. First Manhattan CO. LLC. increased its stake in shares of Regis by 14.0% in the 1st quarter. First Manhattan CO. LLC. now owns 4,075,000 shares of the company’s stock valued at $4,523,000 after acquiring an additional 500,000 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Regis by 319.5% in the 1st quarter. Renaissance Technologies LLC now owns 381,300 shares of the company’s stock valued at $423,000 after acquiring an additional 290,400 shares during the last quarter. HRT Financial LP bought a new stake in shares of Regis in the 1st quarter valued at about $25,000. Finally, Virtu Financial LLC bought a new stake in shares of Regis in the 4th quarter valued at about $43,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Regis Company Profile

(Get Rating)

Regis Corp. engages in the ownership, franchise, and operation of beauty salons. It operates through the Company-Owned Salons and Franchise Salons segments. The segments offer haircutting, styling, hair coloring, and other related services. It also sells hair care and other beauty products. Its brands include Supercuts, SmartStyle Hair Salon, Cost Cutters, First Choice Haircutters, Roosters, Opensalon, and Best Cuts.

Featured Stories

Receive News & Ratings for Regis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regis and related companies with MarketBeat.com's FREE daily email newsletter.