Analysts Expect Regal Entertainment Group (RGC) Will Post Earnings of $0.20 Per Share
Wall Street brokerages expect that Regal Entertainment Group (NYSE:RGC) will announce $0.20 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Regal Entertainment Group’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.32. Regal Entertainment Group posted earnings per share of $0.23 during the same quarter last year, which would indicate a negative year over year growth rate of 13%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, July 26th.
According to Zacks, analysts expect that Regal Entertainment Group will report full year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.02 to $1.15. For the next financial year, analysts anticipate that the business will report earnings of $1.31 per share, with EPS estimates ranging from $1.20 to $1.41. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Regal Entertainment Group.
Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The business had revenue of $821.20 million during the quarter, compared to the consensus estimate of $808.18 million. Regal Entertainment Group had a negative return on equity of 21.38% and a net margin of 5.51%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share.
A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Regal Entertainment Group in a research note on Thursday, April 27th. B. Riley reiterated a “buy” rating and set a $28.75 price target on shares of Regal Entertainment Group in a report on Monday, April 24th. Zacks Investment Research upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, April 20th. FBR & Co restated a “hold” rating and issued a $23.00 target price on shares of Regal Entertainment Group in a report on Monday, April 3rd. Finally, Benchmark Co. reiterated an “outperform” rating and set a $22.00 price target on shares of Regal Entertainment Group in a research note on Friday, April 14th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Regal Entertainment Group currently has an average rating of “Hold” and a consensus price target of $24.86.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Camelot Portfolios LLC raised its position in shares of Regal Entertainment Group by 0.3% in the first quarter. Camelot Portfolios LLC now owns 20,736 shares of the company’s stock valued at $468,000 after buying an additional 67 shares during the period. Parallel Advisors LLC raised its position in Regal Entertainment Group by 2.1% in the first quarter. Parallel Advisors LLC now owns 7,045 shares of the company’s stock valued at $153,000 after buying an additional 145 shares during the last quarter. CIBC World Markets Inc. raised its position in Regal Entertainment Group by 1.7% in the first quarter. CIBC World Markets Inc. now owns 16,713 shares of the company’s stock valued at $377,000 after buying an additional 275 shares during the last quarter. Commerce Bank raised its position in Regal Entertainment Group by 2.4% in the first quarter. Commerce Bank now owns 12,665 shares of the company’s stock valued at $286,000 after buying an additional 300 shares during the last quarter. Finally, Farmers National Bank raised its position 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 last quarter. 76.24% of the stock is owned by institutional investors.
Shares of Regal Entertainment Group (NYSE:RGC) opened at 19.63 on Monday. The stock has a 50 day moving average price of $20.25 and a 200 day moving average price of $21.43. The firm has a market capitalization of $3.07 billion, a P/E ratio of 17.22 and a beta of 0.93. Regal Entertainment Group has a 52 week low of $18.85 and a 52 week high of $24.79.
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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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