Zacks: Brokerages Anticipate Regal Entertainment Group (RGC) to Announce $0.32 EPS

Wall Street analysts forecast that Regal Entertainment Group (NYSE:RGC) will report $0.32 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Regal Entertainment Group’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.40. Regal Entertainment Group posted earnings of $0.27 per share in the same quarter last year, which would suggest a positive year over year growth rate of 18.5%. The business is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, April 26th.

According to Zacks, analysts expect that Regal Entertainment Group will report full-year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.06 to $1.40. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.30 per share, with EPS estimates ranging from $1.12 to $1.47. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Regal Entertainment Group.

Regal Entertainment Group (NYSE:RGC) last posted its earnings results on Thursday, February 9th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. Regal Entertainment Group had a negative return on equity of 20.07% and a net margin of 5.33%. The company earned $812.60 million during the quarter, compared to the consensus estimate of $804.85 million. During the same quarter last year, the firm earned $0.35 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis.

Several research firms have weighed in on RGC. B. Riley reaffirmed a “buy” rating and issued a $27.50 price target on shares of Regal Entertainment Group in a report on Saturday, January 28th. Credit Suisse Group AG lowered Regal Entertainment Group from a “neutral” rating to an “underperform” rating and set a $20.00 price objective on the stock. in a research report on Tuesday, January 31st. Wunderlich reiterated a “buy” rating and set a $31.00 price objective on shares of Regal Entertainment Group in a research report on Monday, March 20th. Wedbush reiterated a “buy” rating and set a $25.00 price objective on shares of Regal Entertainment Group in a research report on Monday, February 6th. Finally, FBR & Co reiterated a “hold” rating and set a $23.00 price objective on shares of Regal Entertainment Group in a research report on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Regal Entertainment Group presently has an average rating of “Hold” and a consensus target price of $25.20.

In related news, insider Gregory W. Dunn sold 26,050 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $22.15, for a total transaction of $577,007.50. Following the transaction, the insider now directly owns 67,052 shares in the company, valued at approximately $1,485,201.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Peter B. Brandow sold 20,233 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $22.50, for a total value of $455,242.50. Following the transaction, the executive vice president now owns 212,715 shares in the company, valued at $4,786,087.50. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the company. Round Table Services LLC bought a new position in Regal Entertainment Group during the first quarter valued at about $202,000. Fox Run Management L.L.C. bought a new position in Regal Entertainment Group during the first quarter valued at about $497,000. Dynamic Advisors Solutions LLC raised its position in Regal Entertainment Group by 4.3% in the first quarter. Dynamic Advisors Solutions LLC now owns 176,065 shares of the company’s stock valued at $3,976,000 after buying an additional 7,240 shares during the last quarter. GW&K Investment Management LLC raised its position in Regal Entertainment Group by 4.5% in the first quarter. GW&K Investment Management LLC now owns 1,638,208 shares of the company’s stock valued at $36,991,000 after buying an additional 69,856 shares during the last quarter. Finally, Peregrine Capital Management LLC bought a new position in Regal Entertainment Group during the first quarter valued at about $7,900,000. Institutional investors and hedge funds own 65.33% of the company’s stock.

Regal Entertainment Group (NYSE:RGC) traded up 1.32% during midday trading on Monday, hitting $22.28. The stock had a trading volume of 1,265,401 shares. The stock has a market cap of $3.48 billion, a P/E ratio of 20.44 and a beta of 0.92. The company has a 50-day moving average price of $22.12 and a 200-day moving average price of $22.12. Regal Entertainment Group has a 52 week low of $19.35 and a 52 week high of $24.79.

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Regal Entertainment Group Company Profile

Regal Entertainment Group is an operator of theatre circuits in the United States. As of December 31, 2016, the Company operated 7,267 screens in 561 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.

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