Regal Entertainment Group (NYSE:RGC) – Equities research analysts at Barrington Research boosted their Q4 2017 earnings per share estimates for shares of Regal Entertainment Group in a report released on Thursday. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of $0.43 for the quarter, up from their prior estimate of $0.40. Barrington Research also issued estimates for Regal Entertainment Group’s Q1 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.33 EPS and Q4 2018 earnings at $0.42 EPS.
Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by $0.04. The company had revenue of $821.20 million for the quarter, compared to analyst estimates of $808.18 million. Regal Entertainment Group had a negative return on equity of 21.38% and a net margin of 5.51%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. WARNING: This piece of content was reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://transcriptdaily.com/2017/06/24/barrington-research-comments-on-regal-entertainment-groups-q4-2017-earnings-rgc.html.
A number of other equities analysts also recently weighed in on the company. Credit Suisse Group reduced their price target on Regal Entertainment Group from $19.00 to $17.00 and set an “underperform” rating for the company in a research report on Friday. Royal Bank Of Canada reduced their price target on Regal Entertainment Group from $25.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday. Moffett Nathanson downgraded Regal Entertainment Group from a “neutral” rating to a “sell” rating and cut their price objective for the company from $21.00 to $17.00 in a report on Monday, June 12th. Hilliard Lyons raised Regal Entertainment Group to a “buy” rating in a report on Thursday, May 18th. They noted that the move was a valuation call. Finally, Loop Capital raised Regal Entertainment Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $23.00 to $25.00 in a report on Tuesday, May 16th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $25.13.
Shares of Regal Entertainment Group (RGC) opened at 20.44 on Friday. Regal Entertainment Group has a 12-month low of $19.61 and a 12-month high of $24.79. The company’s 50 day moving average is $20.86 and its 200 day moving average is $21.63. The firm has a market capitalization of $3.20 billion, a PE ratio of 17.93 and a beta of 0.91.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Monday, June 5th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, June 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.31%. Regal Entertainment Group’s dividend payout ratio (DPR) is 77.88%.
Several institutional investors have recently modified their holdings of RGC. Dynamic Advisors Solutions LLC increased its position in shares of Regal Entertainment Group by 4.3% in the first quarter. Dynamic Advisors Solutions LLC now owns 176,065 shares of the company’s stock worth $3,976,000 after buying an additional 7,240 shares during the period. Norges Bank bought a new position in shares of Regal Entertainment Group during the fourth quarter worth about $24,513,000. Asset Management One Co. Ltd. increased its position in shares of Regal Entertainment Group by 85.4% in the first quarter. Asset Management One Co. Ltd. now owns 149,421 shares of the company’s stock worth $3,380,000 after buying an additional 68,842 shares during the period. Alliancebernstein L.P. increased its position in shares of Regal Entertainment Group by 24.4% in the first quarter. Alliancebernstein L.P. now owns 9,044,942 shares of the company’s stock worth $204,235,000 after buying an additional 1,774,446 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of Regal Entertainment Group by 940.1% in the fourth quarter. Two Sigma Investments LP now owns 758,331 shares of the company’s stock worth $15,622,000 after buying an additional 685,420 shares during the period. Institutional investors own 76.81% of the company’s stock.
About Regal Entertainment Group
Regal Entertainment Group is an operator of theatre circuits in the United States. As of March 31, 2017, the Company operated 7,262 screens in 559 theatres in 43 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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