Brokerages Expect Regal Entertainment Group (RGC) to Post $0.29 EPS
Equities analysts expect Regal Entertainment Group (NYSE:RGC) to announce earnings per share (EPS) of $0.29 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Regal Entertainment Group’s earnings, with estimates ranging from $0.19 to $0.38. Regal Entertainment Group posted earnings per share of $0.23 in the same quarter last year, which indicates a positive year over year growth rate of 26.1%. The firm is expected to issue its next earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that Regal Entertainment Group will report full year earnings of $1.24 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.32. For the next fiscal year, analysts forecast that the company will post earnings of $1.35 per share, with EPS estimates ranging from $1.26 to $1.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Regal Entertainment Group.
Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.04. Regal Entertainment Group had a negative return on equity of 21.38% and a net margin of 5.51%. The business had revenue of $821.20 million during the quarter, compared to analysts’ expectations of $808.18 million. During the same period in the previous year, the company posted $0.27 EPS. Regal Entertainment Group’s revenue for the quarter was up 4.3% on a year-over-year basis.
A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada reiterated a “hold” rating on shares of Regal Entertainment Group in a research report on Thursday, April 27th. FBR & Co raised their price objective on shares of Regal Entertainment Group from $23.00 to $25.00 and gave the company a “mkt perform” rating in a research note on Thursday, April 27th. MKM Partners reissued a “neutral” rating and issued a $24.00 price objective (up previously from $23.00) on shares of Regal Entertainment Group in a research note on Wednesday, April 26th. Wunderlich reissued a “buy” rating and issued a $31.00 price objective on shares of Regal Entertainment Group in a research note on Monday, March 20th. Finally, Zacks Investment Research lowered shares of Regal Entertainment Group from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Regal Entertainment Group currently has a consensus rating of “Hold” and an average price target of $25.13.
Shares of Regal Entertainment Group (NYSE RGC) opened at 20.43 on Wednesday. The stock has a market cap of $3.19 billion, a PE ratio of 17.92 and a beta of 0.91. The stock has a 50 day moving average of $20.86 and a 200 day moving average of $21.63. Regal Entertainment Group has a 12 month low of $19.61 and a 12 month high of $24.79.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Monday, June 5th were paid a $0.22 dividend. The ex-dividend date was Thursday, June 1st. This represents a $0.88 dividend on an annualized basis and a yield of 4.31%. Regal Entertainment Group’s dividend payout ratio is currently 77.88%.
Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System purchased a new position in shares of Regal Entertainment Group during the fourth quarter worth about $148,000. Parallel Advisors LLC increased its position in shares of Regal Entertainment Group by 2.1% in the first quarter. Parallel Advisors LLC now owns 7,045 shares of the company’s stock worth $153,000 after buying an additional 145 shares in the last quarter. Credit Agricole S A purchased a new position in shares of Regal Entertainment Group during the fourth quarter worth about $165,000. Farmers National Bank increased its position in shares of Regal Entertainment Group by 6.6% in the first quarter. Farmers National Bank now owns 8,100 shares of the company’s stock worth $176,000 after buying an additional 500 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new position in shares of Regal Entertainment Group during the first quarter worth about $200,000. Institutional investors own 76.81% of the company’s stock.
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About Regal Entertainment Group
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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