Revenue Update on Regis Corporation(NYSE:RGS)

Regis Corporation(NYSE:RGS) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-Market on Feb 3, 2017. Company reported revenue of $424.043M. Analysts estimated a revenue of $440.600M. The revenues were -3.76% below the estimates. Earnings per share were $-0.03. The reported EPS was below estimates by -200%. Analysts had estimated an EPS of $-0.01.

Regis Corporation (RGS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.31% or 0.04 points. Due to strong positive momentum, the stock ended at $12.78, which is also near the day’s high of $12.93. The stock began the session at $12.67 and the volume stood at 3,02,021 shares. The 52-week high of the shares is $16.12 and the 52 week low is $10.96. The company has a current market capitalization of $592 M and it has 4,62,87,937 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 14, 2016, Jim Brian Lain (EVP & Chief Operating Officer) sold 257 shares at $14.34 per share price.Also, On May 2, 2016, Kennith Earl Jr Warfield (SVP Premium and AP) sold 3,465 shares at $13.64 per share price.On Sep 3, 2015, David Patrick Williams (director) purchased 10,000 shares at $11.28 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.

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