Regis Corporation (RGS) Releases Earnings Results, Beats Expectations By $0.03 EPS

Regis Corporation (RGS) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.02. The company posted revenue of $442.60 million in the period, compared to analysts expectations of $453.45 million. The company’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.

Regis Corporation opened for trading at $15.81 and hit $16.02 on the upside on Wednesday, eventually ending the session at $16.01, with a gain of 0.88% or 0.14 points. The heightened volatility saw the trading volume jump to 1,18,622 shares. Company has a market cap of $757 M.

In a different news, on Dec 2, 2015, Jim Brian Lain (EVP & Chief Operating Officer) sold 365 shares at $16.25 per share price. According to the SEC, on Sep 3, 2015, David Patrick Williams (director) purchased 10,000 shares at $11.28 per share price. On Sep 2, 2015, Stephen E Watson (director) purchased 9,188 shares at $10.88 per share price, according to the Form-4 filing with the securities and exchange commission.

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 9556 locations around the world. The Company’s locations consist of around 9300 company-owned and franchised salons and around 200 locations in which it maintains a non-controlling ownership interest. The Company’s salon concepts offer similar salon products and services and serve the mass marketplace. The major services supplied by the Company’s salons are haircutting and styling (including shampooing and conditioning) hair coloring and other services. The Company’s salons operate primarily under the trade names of SmartStyle Supercuts MasterCuts Regis Salons and Cost Cutters. The various brands within the Company’s retail assortment include Biolage Paul Mitchell Regis Sexy Hair Concepts Kenra and Moroccanoil.

Regis Corporation

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