Regal Entertainment Group (NYSE:RGC) – Equities research analysts at B. Riley lifted their Q3 2016 earnings per share estimates for Regal Entertainment Group in a research note issued to investors on Thursday. B. Riley analyst E. Wold now anticipates that the brokerage will earn $0.26 per share for the quarter, up from their prior forecast of $0.24. B. Riley currently has a “Hold” rating and a $23.00 target price on the stock. B. Riley also issued estimates for Regal Entertainment Group’s FY2017 earnings at $1.25 EPS and FY2018 earnings at $1.37 EPS.

Regal Entertainment Group (NYSE:RGC) last released its earnings results on Tuesday, July 26th. The company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.01. The business earned $785.90 million during the quarter, compared to analysts’ expectations of $801.49 million. Regal Entertainment Group had a negative return on equity of 18.52% and a net margin of 4.80%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share.

Earnings History and Estimates for Regal Entertainment Group (NYSE:RGC)

Several other analysts also recently weighed in on the company. MKM Partners lifted their target price on Regal Entertainment Group from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, July 25th. Benchmark Co. lifted their price objective on Regal Entertainment Group from $24.34 to $25.54 and gave the company a “buy” rating in a report on Wednesday, July 27th. Hilliard Lyons downgraded Regal Entertainment Group from a “buy” rating to a “neutral” rating in a report on Wednesday, July 27th. FBR & Co lifted their price objective on Regal Entertainment Group from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Wednesday, July 27th. Finally, Wedbush restated a “buy” rating and issued a $25.00 price objective on shares of Regal Entertainment Group in a report on Sunday, July 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Regal Entertainment Group currently has a consensus rating of “Hold” and a consensus price target of $22.53.

Shares of Regal Entertainment Group (NYSE:RGC) opened at 22.23 on Friday. The stock has a 50 day moving average of $21.60 and a 200-day moving average of $21.40. The stock has a market capitalization of $3.47 billion, a P/E ratio of 23.11 and a beta of 1.12. Regal Entertainment Group has a 52-week low of $16.50 and a 52-week high of $24.19.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, September 2nd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Wednesday, August 31st. Regal Entertainment Group’s dividend payout ratio (DPR) is 91.67%.

In related news, insider Gregory W. Dunn sold 30,765 shares of Regal Entertainment Group stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $21.75, for a total transaction of $669,138.75. Following the completion of the sale, the insider now owns 74,151 shares of the company’s stock, valued at $1,612,784.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Philip F. Anschutz sold 13,000,000 shares of Regal Entertainment Group stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $21.60, for a total value of $280,800,000.00. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Regal Entertainment Group by 42.2% in the second quarter. Vanguard Group Inc. now owns 7,665,646 shares of the company’s stock worth $168,951,000 after buying an additional 2,276,318 shares during the period. Eagle Asset Management Inc. increased its position in shares of Regal Entertainment Group by 5.5% in the second quarter. Eagle Asset Management Inc. now owns 5,620,763 shares of the company’s stock worth $123,881,000 after buying an additional 294,826 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Regal Entertainment Group by 145.1% in the second quarter. Alliancebernstein L.P. now owns 4,776,681 shares of the company’s stock worth $105,278,000 after buying an additional 2,828,095 shares during the last quarter. Hamlin Capital Management LLC increased its position in shares of Regal Entertainment Group by 2.3% in the second quarter. Hamlin Capital Management LLC now owns 3,379,203 shares of the company’s stock worth $74,478,000 after buying an additional 75,497 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Regal Entertainment Group by 2.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,402,798 shares of the company’s stock worth $52,958,000 after buying an additional 52,226 shares during the last quarter. 63.44% of the stock is owned by hedge funds and other institutional investors.

About Regal Entertainment Group

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company operates in the segment of theatre exhibition operations. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States.

5 Day Chart for NYSE:RGC

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