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The latest announcement is out from Regis Healthcare Ltd. ( (AU:REG) ).
Regis Healthcare Limited has announced updates regarding changes in residential aged care funding by the Australian Government, which include a 4.7% increase in the AN-ACC industry starting price. However, Regis anticipates a funding increase of only 2.6% due to reweighting in the National Weighted Activity Unit, leading to reduced funding for key resident classifications. This shortfall, combined with rising staff costs, poses financial challenges. Despite this, the successful acquisition of four Rockpool homes and strong occupancy rates are expected to support cash flows and growth initiatives. Regis projects an FY26 Underlying EBITDA growth of 3% to 7%, reaching $130m to $135m, influenced by these funding changes and operational developments.
The most recent analyst rating on (AU:REG) stock is a Hold with a A$8.50 price target. To see the full list of analyst forecasts on Regis Healthcare Ltd. stock, see the AU:REG Stock Forecast page.
More about Regis Healthcare Ltd.
Regis Healthcare Limited is one of the largest aged care operators in Australia, providing services to over 10,000 older Australians. The company offers residential aged care homes, home care service hubs, day therapy and respite centers, and retirement villages. With a workforce of over 13,000 employees, Regis is committed to delivering high-quality care and services.
Average Trading Volume: 843,981
Technical Sentiment Signal: Buy
Current Market Cap: A$2.78B
For a thorough assessment of REG stock, go to TipRanks’ Stock Analysis page.