Regal Entertainment Group Given Average Rating of “Hold” by Analysts (NYSE:RGC)
Shares of Regal Entertainment Group (NYSE:RGC) have received an average recommendation of “Hold” from the seventeen brokerages that are covering the stock, Analyst Ratings.Net reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $21.28.
Regal Entertainment Group (NYSE:RGC) traded up 1.01% during mid-day trading on Thursday, hitting $19.03. 491,552 shares of the company’s stock traded hands. Regal Entertainment Group has a 52-week low of $16.47 and a 52-week high of $20.14. The stock has a 50-day moving average of $18.86 and a 200-day moving average of $19.16. The company has a market cap of $2.955 billion and a price-to-earnings ratio of 21.93.
Regal Entertainment Group (NYSE:RGC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.02. The company had revenue of $726.90 million for the quarter, compared to the consensus estimate of $716.39 million. During the same quarter last year, the company posted $0.13 earnings per share. Regal Entertainment Group’s revenue was up 13.1% compared to the same quarter last year. On average, analysts predict that Regal Entertainment Group will post $1.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Friday, May 30th.
A number of analysts have recently weighed in on RGC shares. Analysts at Topeka Capital Markets upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $23.00 price target on the stock, up previously from $19.00. Finally, 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.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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