Regal Entertainment Group (RGC) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Regal Entertainment Group (NYSE:RGC) released its earnings data on Thursday. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.02, American Banking & Market News reports. The company had revenue of $726.90 million for the quarter, compared to the consensus estimate of $716.39 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis.
Shares of Regal Entertainment Group (NYSE:RGC) traded up 0.69% on Thursday, hitting $19.05. 1,803,250 shares of the company’s stock traded hands. Regal Entertainment Group has a 1-year low of $16.47 and a 1-year high of $20.14. The stock’s 50-day moving average is $18.94 and its 200-day moving average is $19.16. The company has a market cap of $2.951 billion and a price-to-earnings ratio of 18.70.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.62%.
RGC has been the subject of a number of recent research reports. Analysts at Topeka Capital Markets initiated coverage on shares of Regal Entertainment Group in a research note on Tuesday, February 18th. They set a “hold” rating on the stock. On a related note, analysts at Benchmark Co. cut their price target on shares of Regal Entertainment Group to $18.63 in a research note on Friday, February 14th. They now have a “hold” rating on the stock. Finally, analysts at Wunderlich reiterated an “underweight” rating on shares of Regal Entertainment Group in a research note on Friday, February 14th. They now have a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $21.03.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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