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why is regis stock dropping

by Teagan Heidenreich I Published 3 years ago Updated 2 years ago
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The Regis Resources share price is dropping after the company reported a net profit after tax (NPAT) of $84.8 million. Down 9.2% from the $93.4 NPAT reported in H1 FY20. The company sold 72,990 ounces of gold at an average price of $2,317 per ounce, reporting revenue for the half-year of $401.0 million.

Full Answer

Why is the Regis resources share price dropping?

Apr 15, 2021 · Why was the Regis share price in a trading halt? The Regis Resources share price was placed in a trading halt this week while it launched an equity raising. The company launched the equity raising after signing a conditional binding agreement with IGO Ltd (ASX: IGO) to acquire its 30% interest in the Tropicana Gold Project for A$903 million.

Will Regis pay a dividend this year?

Aug 31, 2021 · ‘Regis Resources has delivered another year of solid production for FY21 generating an EBITDA of $403 million, a net profit after tax of $146 million, a net profit after tax margin of 18% and operating cash flows of $276 million. While delivering this result, Regis executed a genuinely transformational transaction through the acquisition of a 30% interest …

Is it another bad day to be a Regis resources shareholder?

Feb 25, 2021 · The Regis Resources share price is dropping after the company reported a net profit after tax (NPAT) of $84.8 million. Down 9.2% from the $93.4 NPAT reported in H1 FY20. The company sold 72,990 ounces of gold at an average price of $2,317 per ounce, reporting revenue for the half-year of $401.0 million.

How did Regis resources perform in FY2021?

Oct 27, 2021 · The Regis Resources Limited (ASX:RRL) share price is sliding lower for the second day in a row. The dip follows on from the release of the company’s quarterly update. The Regis Resources share price fell 5.7% yesterday on the back of its activity report for the quarter ended 30 September. That slump appears to have continued into today’s session.

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Is Regis a good stock to buy?

Regis has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Is RGS a good buy?

Is REGIS Stock a good buy in 2022, according to Wall Street analysts? The consensus among 1 Wall Street analyst covering (NYSE: RGS) stock is to Strong Buy RGS stock.

Is Regis Corporation for sale?

Regis unloading all its company-owned salons; stock dives. Regis Corp. said Tuesday it will sell nearly all its company-owned salons — which number in the thousands — to franchisees, a move that would complete the company's pivot to a franchising business model.Aug 27, 2019

What is NAKD stock?

Cenntro Electric Group Ltd (NAKD)Jan 13, 2022

The haircut specialist reported earnings, and investors were not pleased. Here's why

Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.

What happened

Shares of hair salon operator and franchiser Regis ( NYSE:RGS) fell as much as 20% in morning trading on Aug. 31. By 2 p.m. EDT, the shares had bounced off their lows of the day but were still lower by a painful 18% or so. The culprit was the company's full-year fiscal 2020 earnings announcement.

So what

It's difficult to paint a positive picture here. Regis' revenue fell roughly 25% in fiscal 2020, with earnings plunging deeper into the red, going from a loss of $0.48 per share in fiscal 2019 to a loss of $4.79 in the recently ended year. Fiscal fourth-quarter results were even worse.

Now what

In some ways, the coronavirus could actually help speed up Regis' overhaul, allowing it to close company-owned stores without investors or customers questioning why. That silver lining, however, doesn't overshadow the very deep impact that COVID-19 has had on the company's core salon business.

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What is Regis Corp. stock symbol?

Regis Corp. is a American stock, trading under the symbol RGS-N on the New York Stock Exchange (RGS). It is usually referred to as NYSE:RGS or RGS-N

Is Regis Corp. a buy or a sell?

In the last year, there was no coverage of Regis Corp. published on Stockchase.

Is Regis Corp. a good investment or a top pick?

Regis Corp. was recommended as a Top Pick by Pat Naccarato on 2008-09-10. Read the latest stock experts ratings for Regis Corp..

Why is Regis Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Regis Corp. worth watching?

In the last year, there was no coverage of Regis Corp. published on Stockchase.

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