A number of other analysts have also recently commented on the company. Hilliard Lyons upgraded Regal Entertainment Group to a buy rating in a research report on Thursday, May 18th. They noted that the move was a valuation call. 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, June 23rd. Zacks Investment Research cut Regal Entertainment Group from a hold rating to a sell rating in a research report on Thursday, June 29th. Benchmark Co. restated an outperform rating and issued a $22.00 price target on shares of Regal Entertainment Group in a research report on Friday, April 14th. Finally, Moffett Nathanson cut Regal Entertainment Group from a neutral rating to a sell rating and cut their target price for the stock from $21.00 to $17.00 in a research report on Monday, June 12th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of $24.57.
Regal Entertainment Group (RGC) traded down 0.66% on Thursday, reaching $16.63. The company’s stock had a trading volume of 787,685 shares. Regal Entertainment Group has a one year low of $16.55 and a one year high of $24.79. The stock has a 50-day moving average of $19.16 and a 200-day moving average of $20.97. The stock has a market cap of $2.60 billion, a P/E ratio of 15.44 and a beta of 0.92.
Regal Entertainment Group (NYSE:RGC) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $764.20 million during the quarter, compared to analysts’ expectations of $764.15 million. Regal Entertainment Group had a negative return on equity of 20.42% and a net margin of 5.24%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, analysts predict that Regal Entertainment Group will post $1.05 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.26%. The ex-dividend date is Thursday, August 31st. Regal Entertainment Group’s dividend payout ratio is presently 82.24%.
A number of institutional investors have recently added to or reduced their stakes in RGC. Vanguard Group Inc. boosted its position in Regal Entertainment Group by 3.0% in the second quarter. Vanguard Group Inc. now owns 13,209,774 shares of the company’s stock valued at $270,273,000 after buying an additional 380,951 shares in the last quarter. Alliancebernstein L.P. boosted its position in Regal Entertainment Group by 11.6% in the second quarter. Alliancebernstein L.P. now owns 10,092,993 shares of the company’s stock valued at $206,503,000 after buying an additional 1,048,051 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in Regal Entertainment Group by 1.4% in the second quarter. Epoch Investment Partners Inc. now owns 7,261,026 shares of the company’s stock valued at $148,561,000 after buying an additional 103,100 shares in the last quarter. BlackRock Inc. boosted its position in Regal Entertainment Group by 20.7% in the second quarter. BlackRock Inc. now owns 4,659,346 shares of the company’s stock valued at $95,330,000 after buying an additional 797,847 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in Regal Entertainment Group by 25.2% in the second quarter. Voya Investment Management LLC now owns 4,322,636 shares of the company’s stock valued at $88,441,000 after buying an additional 870,550 shares in the last quarter. Institutional investors and hedge funds own 77.19% 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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