Wall Street analysts forecast that Regal Entertainment Group (NYSE:RGC) will report $852.25 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Regal Entertainment Group’s earnings, with the highest sales estimate coming in at $860.40 million and the lowest estimate coming in at $840.80 million. Regal Entertainment Group posted sales of $812.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.9%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 8th.
On average, analysts expect that Regal Entertainment Group will report full year sales of $852.25 million for the current fiscal year, with estimates ranging from $3.14 billion to $3.18 billion. For the next financial year, analysts expect that the business will post sales of $3.27 billion per share, with estimates ranging from $3.22 billion to $3.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Regal Entertainment Group.
A number of analysts have commented on the company. Piper Jaffray Companies set a $23.00 target price on Regal Entertainment Group and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Barrington Research lowered Regal Entertainment Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. B. Riley lowered Regal Entertainment Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $24.75 to $23.00 in a report on Tuesday, January 2nd. Hilliard Lyons lowered Regal Entertainment Group from a “long-term buy” rating to a “neutral” rating in a report on Wednesday, December 6th. Finally, Macquarie lowered Regal Entertainment Group from an “outperform” rating to a “neutral” rating and set a $23.00 target price for the company. in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.23.
Shares of Regal Entertainment Group (NYSE RGC) opened at $23.11 on Friday. The company has a market capitalization of $3,627.05, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. Regal Entertainment Group has a fifty-two week low of $13.90 and a fifty-two week high of $23.56. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of -2.84.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Saturday, February 17th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, February 15th. Regal Entertainment Group’s payout ratio is currently 101.15%.
ILLEGAL ACTIVITY NOTICE: “$852.25 Million in Sales Expected for Regal Entertainment Group (RGC) This Quarter” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/02/11/852-25-million-in-sales-expected-for-regal-entertainment-group-rgc-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Regal Entertainment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Entertainment Group and related companies with MarketBeat.com's FREE daily email newsletter.