Regal Entertainment Group (NYSE:RGC) – Analysts at B. Riley decreased their Q1 2017 earnings per share estimates for shares of Regal Entertainment Group in a research report issued on Wednesday. B. Riley analyst E. Wold now expects that the firm will earn $0.28 per share for the quarter, down from their previous forecast of $0.29. B. Riley has a “Neutral” rating and a $23.00 price objective on the stock. B. Riley also issued estimates for Regal Entertainment Group’s Q2 2017 earnings at $0.32 EPS, Q4 2017 earnings at $0.39 EPS, FY2017 earnings at $1.28 EPS, Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.35 EPS and FY2018 earnings at $1.42 EPS.
Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Tuesday, July 26th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $785.90 million for the quarter, compared to analyst estimates of $801.49 million. Regal Entertainment Group’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share.
A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Regal Entertainment Group from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday. Benchmark Co. lifted their target price on Regal Entertainment Group from $24.34 to $25.54 and gave the company a “buy” rating in a research report on Wednesday. Hilliard Lyons downgraded Regal Entertainment Group from a “buy” rating to a “neutral” rating in a research report on Wednesday. FBR & Co lifted their target price on Regal Entertainment Group from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, MKM Partners lifted their target price on Regal Entertainment Group from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $22.50.
An institutional investor recently raised its position in Regal Entertainment Group stock. First Trust Advisors LP raised its stake in Regal Entertainment Group (NYSE:RGC) by 29.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,113 shares of the company’s stock after buying an additional 24,378 shares during the period. First Trust Advisors LP owned approximately 0.07% of Regal Entertainment Group worth $2,040,000 as of its most recent filing with the SEC.
In other news, COO Gregory W. Dunn sold 25,000 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $20.28, for a total transaction of $507,000.00. Following the completion of the transaction, the chief operating officer now directly owns 104,916 shares of the company’s stock, valued at approximately $2,127,696.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Peter B. Brandow sold 49,024 shares of the company’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $21.51, for a total value of $1,054,506.24. Following the transaction, the executive vice president now directly owns 219,028 shares of the company’s stock, valued at $4,711,292.28. The disclosure for this sale can be found here.
Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company operates in the segment of theatre exhibition operations. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States.
