Regal Entertainment Group (NYSE:RGC) – Analysts at Barrington Research boosted their Q3 2016 EPS estimates for shares of Regal Entertainment Group in a research note issued on Monday. Barrington Research analyst J. Goss now expects that the firm will post earnings per share of $0.26 for the quarter, up from their previous estimate of $0.19.
Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Tuesday, July 26th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Regal Entertainment Group had a net margin of 4.80% and a negative return on equity of 18.52%. The business had revenue of $785.90 million for the quarter, compared to analyst estimates of $801.49 million. During the same period in the prior year, the company earned $0.38 earnings per share. The company’s quarterly revenue was down 8.9% on a year-over-year basis.
A number of other brokerages also recently issued reports on RGC. B. Riley reaffirmed a “neutral” rating and set a $23.00 price target on shares of Regal Entertainment Group in a report on Monday, July 25th. MKM Partners lifted their price target on Regal Entertainment Group from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, July 25th. Hilliard Lyons downgraded Regal Entertainment Group from a “buy” rating to a “neutral” rating in a report on Wednesday, July 27th. FBR & Co lifted their target price on Regal Entertainment Group from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Finally, Benchmark Co. lifted their target price on Regal Entertainment Group from $24.34 to $25.54 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.53.
Shares of Regal Entertainment Group (NYSE:RGC) traded up 1.16% on Wednesday, reaching $21.79. The company had a trading volume of 499,885 shares. The company has a market capitalization of $3.40 billion, a P/E ratio of 22.65 and a beta of 1.12. The company has a 50 day moving average of $21.55 and a 200-day moving average of $21.39. Regal Entertainment Group has a 52 week low of $16.50 and a 52 week high of $24.19.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Wednesday, August 31st. Regal Entertainment Group’s dividend payout ratio (DPR) is 91.67%.
In other news, insider Gregory W. Dunn sold 30,765 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $21.75, for a total transaction of $669,138.75. Following the sale, the insider now owns 74,151 shares of the company’s stock, valued at approximately $1,612,784.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Philip F. Anschutz sold 13,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $21.60, for a total value of $280,800,000.00. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
Several large investors have recently made changes to their positions in RGC. Alliancebernstein L.P. raised its stake in shares of Regal Entertainment Group by 145.1% in the second quarter. Alliancebernstein L.P. now owns 4,776,681 shares of the company’s stock valued at $105,278,000 after buying an additional 2,828,095 shares during the period. Vanguard Group Inc. raised its stake in Regal Entertainment Group by 42.2% in the second quarter. Vanguard Group Inc. now owns 7,665,646 shares of the company’s stock worth $168,951,000 after buying an additional 2,276,318 shares during the last quarter. Bank of Montreal Can bought a new stake in Regal Entertainment Group during the second quarter worth about $29,335,000. First Trust Advisors LP raised its stake in Regal Entertainment Group by 210.5% in the second quarter. First Trust Advisors LP now owns 1,192,616 shares of the company’s stock worth $26,285,000 after buying an additional 808,575 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in Regal Entertainment Group during the second quarter worth about $17,663,000. 63.44% of the stock is currently owned by institutional investors and hedge funds.
Regal Entertainment Group Company Profile
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.
Receive News & Ratings for Regal Entertainment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Entertainment Group and related companies with MarketBeat.com's FREE daily email newsletter.