Regal Entertainment Group (NYSE:RGC) – Equities research analysts at Barrington Research reduced their Q2 2017 EPS estimates for Regal Entertainment Group in a research note issued to investors on Monday. Barrington Research analyst J. Goss now anticipates that the brokerage will post earnings per share of $0.29 for the quarter, down from their previous estimate of $0.30. Barrington Research also issued estimates for Regal Entertainment Group’s Q3 2017 earnings at $0.33 EPS.

Other research analysts have also issued research reports about the stock. B. Riley restated a “neutral” rating and set a $23.00 price target on shares of Regal Entertainment Group in a research note on Monday, July 25th. Hilliard Lyons lowered shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 27th. Wedbush reiterated an “outperform” rating and issued a $25.00 price objective on shares of Regal Entertainment Group in a research note on Friday, July 15th. FBR & Co increased their price objective on shares of Regal Entertainment Group from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th. Finally, Zacks Investment Research lowered shares of Regal Entertainment Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.53.

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

Shares of Regal Entertainment Group (NYSE:RGC) opened at 22.69 on Tuesday. The firm has a 50-day moving average of $21.80 and a 200-day moving average of $21.46. The company has a market capitalization of $3.54 billion, a P/E ratio of 23.59 and a beta of 1.12. Regal Entertainment Group has a one year low of $16.50 and a one year high of $24.19.

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

A number of large investors have recently added to or reduced their stakes in the company. Camelot Portfolios LLC boosted its stake in Regal Entertainment Group by 0.5% in the second quarter. Camelot Portfolios LLC now owns 22,869 shares of the company’s stock valued at $504,000 after buying an additional 117 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in Regal Entertainment Group by 1.2% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 16,546 shares of the company’s stock valued at $365,000 after buying an additional 198 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Regal Entertainment Group by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 29,320 shares of the company’s stock valued at $646,000 after buying an additional 302 shares during the last quarter. Tdam USA Inc. boosted its stake in Regal Entertainment Group by 2.0% in the second quarter. Tdam USA Inc. now owns 24,205 shares of the company’s stock valued at $533,000 after buying an additional 465 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in Regal Entertainment Group by 2.9% in the second quarter. M&T Bank Corp now owns 19,950 shares of the company’s stock valued at $441,000 after buying an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 63.39% of the company’s stock.

In related news, insider Gregory W. Dunn sold 30,765 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were 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 directly owns 74,151 shares in the company, valued at $1,612,784.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Philip F. Anschutz sold 13,000,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $21.60, for a total transaction of $280,800,000.00. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Regal Entertainment Group Company Profile

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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