Regal Entertainment Group Reaches New 1-Year High at $20.16 (RGC)
Regal Entertainment Group (NYSE:RGC) hit a new 52-week high during mid-day trading on Friday , AmericanBankingNews.com reports. The stock traded as high as $20.16 and last traded at $20.11, with a volume of 414,621 shares traded. The stock had previously closed at $20.09.
Several analysts have recently commented on the stock. Analysts at B. Riley raised their price target on shares of Regal Entertainment Group from $20.50 to $21.50 in a research note on Tuesday, May 27th. Separately, analysts at Citigroup Inc. upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. They now have a $23.00 price target on the stock, up previously from $19.00. Finally, 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, May 15th. They now have a $23.00 price target on the stock, up previously from $19.00. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.49.
The stock has a 50-day moving average of $19.14 and a 200-day moving average of $19.21. The company has a market cap of $3.124 billion and a price-to-earnings ratio of 23.39.
Regal Entertainment Group (NYSE:RGC) last released its earnings data on Thursday, April 24th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts expect that Regal Entertainment Group will post $1.17 earnings per share for the current fiscal year.
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 4.37%. The ex-dividend date is Friday, May 30th.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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