Regal Entertainment Group (NYSE:RGC) – Investment analysts at Wedbush decreased their Q2 2017 earnings per share estimates for shares of Regal Entertainment Group in a report released on Monday. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $0.17 per share for the quarter, down from their previous estimate of $0.38. Wedbush currently has a “Buy” rating and a $26.00 price target on the stock. Wedbush also issued estimates for Regal Entertainment Group’s FY2017 earnings at $1.02 EPS, Q2 2018 earnings at $0.26 EPS and Q4 2018 earnings at $0.40 EPS.
Regal Entertainment Group (NYSE:RGC) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. Regal Entertainment Group had a net margin of 5.51% and a negative return on equity of 21.38%. The business had revenue of $821.20 million for the quarter, compared to analysts’ expectations of $808.18 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year.
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Several other analysts also recently commented on the company. B. Riley reaffirmed a “buy” rating and set a $26.00 price objective (down previously from $28.75) on shares of Regal Entertainment Group in a research note on Thursday. Morgan Stanley dropped their price objective on Regal Entertainment Group from $22.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, July 6th. Zacks Investment Research downgraded Regal Entertainment Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Credit Suisse Group dropped their price objective on Regal Entertainment Group from $19.00 to $17.00 and set an “underperform” rating on the stock in a research note on Friday, June 23rd. Finally, Royal Bank Of Canada lowered their target price on Regal Entertainment Group from $25.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, June 22nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued 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 $25.07.
Regal Entertainment Group (RGC) opened at 19.37 on Wednesday. The stock has a market cap of $3.03 billion, a P/E ratio of 16.99 and a beta of 0.93. The stock’s 50 day moving average price is $20.67 and its 200-day moving average price is $21.56. Regal Entertainment Group has a one year low of $19.17 and a one year high of $24.79.
Large investors have recently modified their holdings of the stock. New York State Teachers Retirement System purchased a new stake in shares of Regal Entertainment Group during the fourth quarter valued at about $148,000. Parallel Advisors LLC increased its stake in shares of Regal Entertainment Group by 2.1% in the first quarter. Parallel Advisors LLC now owns 7,045 shares of the company’s stock valued at $153,000 after buying an additional 145 shares during the period. Credit Agricole S A purchased a new stake in shares of Regal Entertainment Group during the fourth quarter valued at about $165,000. Farmers National Bank increased its stake in shares of Regal Entertainment Group by 6.6% in the first quarter. Farmers National Bank now owns 8,100 shares of the company’s stock valued at $176,000 after buying an additional 500 shares during the period. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Regal Entertainment Group during the first quarter valued at about $200,000. Institutional investors and hedge funds own 76.81% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Monday, June 5th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $0.88 annualized dividend and a yield of 4.54%. Regal Entertainment Group’s dividend payout ratio (DPR) is currently 77.88%.
Regal Entertainment Group Company Profile
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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