Regal Entertainment Group (NYSE:RGC) – Barrington Research dropped their Q4 2017 earnings per share estimates for Regal Entertainment Group in a research report issued to clients and investors on Monday. Barrington Research analyst J. Goss now anticipates that the brokerage will post earnings of $0.33 per share for the quarter, down from their previous estimate of $0.35.
Regal Entertainment Group (NYSE:RGC) last announced its quarterly 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. Regal Entertainment Group had a net margin of 4.80% and a negative return on equity of 18.52%. The company earned $785.90 million during the quarter, compared to analysts’ expectations of $801.49 million. During the same period last year, the firm earned $0.38 earnings per share. Regal Entertainment Group’s revenue was down 8.9% on a year-over-year basis.
RGC has been the topic of a number of other research reports. Morgan Stanley reaffirmed a “sell” rating and set a $19.00 price target on shares of Regal Entertainment Group in a research note on Thursday, July 28th. Wedbush reaffirmed an “outperform” rating and set a $25.00 price target on shares of Regal Entertainment Group in a research note on Wednesday, September 21st. Hilliard Lyons downgraded shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 27th. Loop Capital initiated coverage on shares of Regal Entertainment Group in a research report on Tuesday, August 23rd. They issued a “hold” rating and a $22.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Regal Entertainment Group from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.53.
Shares of Regal Entertainment Group (NYSE:RGC) traded up 0.57% during midday trading on Wednesday, reaching $22.82. 538,840 shares of the company were exchanged. Regal Entertainment Group has a 52-week low of $16.50 and a 52-week high of $24.19. The company has a market capitalization of $3.56 billion, a PE ratio of 23.72 and a beta of 1.12. The stock’s 50-day moving average price is $21.80 and its 200-day moving average price is $21.46.
In other news, major shareholder Philip F. Anschutz sold 13,000,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $21.60, for a total value of $280,800,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gregory W. Dunn sold 30,765 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $21.75, for a total transaction of $669,138.75. Following the completion of the transaction, the insider now owns 74,151 shares in the company, valued at $1,612,784.25. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of RGC. Societe Generale acquired a new position in Regal Entertainment Group during the second quarter worth about $103,000. Advisor Group Inc. acquired a new position in Regal Entertainment Group during the second quarter worth about $103,000. BlueMountain Capital Management LLC acquired a new position in Regal Entertainment Group during the second quarter worth about $125,000. Pacer Advisors Inc. acquired a new position in Regal Entertainment Group during the second quarter worth about $140,000. Finally, First Manhattan Co. increased its position in Regal Entertainment Group by 138.3% in the second quarter. First Manhattan Co. now owns 7,150 shares of the company’s stock worth $157,000 after buying an additional 4,150 shares during the last quarter. Institutional investors own 63.39% of the company’s stock.
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.
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