Equities analysts forecast that Regal Entertainment Group (NYSE:RGC) will announce $0.33 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Regal Entertainment Group’s earnings, with estimates ranging from $0.28 to $0.38. Regal Entertainment Group posted earnings of $0.23 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 43.5%. The business is scheduled to announce its next earnings results on Tuesday, July 25th.

On average, analysts expect that Regal Entertainment Group will report full year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.02 to $1.32. For the next fiscal year, analysts anticipate that the company will report earnings of $1.34 per share, with EPS estimates ranging from $1.22 to $1.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Regal Entertainment Group.

Regal Entertainment Group (NYSE:RGC) last issued its earnings results on Wednesday, April 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. The firm had revenue of $821.20 million during the quarter, compared to the consensus estimate of $808.18 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis.

A number of equities analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $28.75 price target on shares of Regal Entertainment Group in a research note on Monday, April 24th. Zacks Investment Research raised shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Thursday, April 20th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Regal Entertainment Group in a research note on Thursday, April 27th. Benchmark Co. reaffirmed an “outperform” rating and set a $22.00 price target on shares of Regal Entertainment Group in a research note on Friday, April 14th. Finally, FBR & Co reaffirmed a “hold” rating and set a $23.00 price target on shares of Regal Entertainment Group in a research note on Monday, April 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Regal Entertainment Group has an average rating of “Hold” and an average price target of $26.21.

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In other Regal Entertainment Group news, EVP Peter B. Brandow sold 20,233 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $22.50, for a total value of $455,242.50. Following the completion of the sale, the executive vice president now directly owns 212,715 shares of the company’s stock, valued at approximately $4,786,087.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gregory W. Dunn sold 26,050 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $22.15, for a total transaction of $577,007.50. Following the completion of the sale, the insider now directly owns 67,052 shares of the company’s stock, valued at $1,485,201.80. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in RGC. Farmers National Bank boosted its stake in Regal Entertainment Group by 6.6% in the first quarter. Farmers National Bank now owns 8,100 shares of the company’s stock valued at $176,000 after buying an additional 500 shares during the period. Point72 Asset Management L.P. bought a new stake in Regal Entertainment Group during the first quarter valued at about $20,986,000. Barings LLC boosted its stake in Regal Entertainment Group by 60.0% in the first quarter. Barings LLC now owns 110,858 shares of the company’s stock valued at $2,503,000 after buying an additional 41,558 shares during the period. State Street Corp boosted its stake in Regal Entertainment Group by 3.9% in the first quarter. State Street Corp now owns 1,291,874 shares of the company’s stock valued at $29,173,000 after buying an additional 48,414 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Regal Entertainment Group by 10.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 570,182 shares of the company’s stock valued at $12,875,000 after buying an additional 53,361 shares during the period. 65.33% of the stock is owned by institutional investors.

Shares of Regal Entertainment Group (NYSE RGC) opened at 21.16 on Friday. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 18.56 and a beta of 0.92. The company has a 50-day moving average price of $21.33 and a 200-day moving average price of $21.88. Regal Entertainment Group has a 12 month low of $19.35 and a 12 month high of $24.79.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Monday, June 5th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.88 annualized dividend and a yield of 4.18%. Regal Entertainment Group’s dividend payout ratio (DPR) is 81.48%.

Regal Entertainment Group Company Profile

Regal Entertainment Group is an operator of theatre circuits in the United States. As of March 31, 2017, the Company operated 7,262 screens in 559 theatres in 43 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.

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