Regis (NASDAQ:RGS) Issues Quarterly Earnings Results, Beats Expectations By $0.87 EPS

Regis (NASDAQ:RGS) released its quarterly earnings results on Tuesday. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.87, FiscalAI reports. Regis had a return on equity of 3.60% and a net margin of 52.01%.The company had revenue of $56.00 million for the quarter, compared to analysts’ expectations of $53.00 million.

Regis Trading Up 0.6%

Shares of Regis stock opened at $27.30 on Tuesday. The company has a fifty day simple moving average of $27.66 and a 200-day simple moving average of $26.23. Regis has a 12-month low of $19.31 and a 12-month high of $31.50. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. The stock has a market cap of $68.25 million, a price-to-earnings ratio of 0.63 and a beta of 1.37.

Analyst Ratings Changes

A number of brokerages recently commented on RGS. Lake Street Capital started coverage on Regis in a report on Tuesday, May 26th. They set a “buy” rating and a $42.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Regis in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Regis presently has an average rating of “Moderate Buy” and an average price target of $42.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kent Lake PR LLC acquired a new stake in shares of Regis in the second quarter valued at approximately $412,000. Geode Capital Management LLC boosted its stake in Regis by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 26,695 shares of the company’s stock worth $741,000 after purchasing an additional 478 shares during the period. Renaissance Technologies LLC grew its position in Regis by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 13,344 shares of the company’s stock worth $370,000 after purchasing an additional 1,500 shares during the last quarter. DRW Securities LLC acquired a new position in Regis in the fourth quarter valued at $247,000. Finally, Mink Brook Asset Management LLC raised its holdings in shares of Regis by 653.0% in the fourth quarter. Mink Brook Asset Management LLC now owns 69,011 shares of the company’s stock valued at $1,915,000 after buying an additional 59,846 shares during the last quarter. Institutional investors and hedge funds own 31.50% of the company’s stock.

About Regis

Regis (NASDAQ: RGS) is a company that owns, operates and franchises a portfolio of hair salon and beauty service brands. Its business centers on providing haircutting, styling, coloring and other salon services through both company-owned and franchised locations. The company’s brand portfolio includes well-known names in the haircut and salon market that serve a range of customer segments from value-focused walk-in haircuts to full-service salon experiences.

Regis generates revenue through salon operations, franchise fees and the sale of professional hair-care products and retail items.