FY2019 EPS Estimates for Regal Entertainment Group (RGC) Lifted by FBR & Co
Regal Entertainment Group (NYSE:RGC) – Stock analysts at FBR & Co raised their FY2019 earnings per share (EPS) estimates for Regal Entertainment Group in a research report issued to clients and investors on Thursday. FBR & Co analyst B. Crockett now expects that the brokerage will post earnings per share of $1.57 for the year, up from their previous forecast of $1.56. FBR & Co currently has a “Market Perform” rating and a $25.00 target price on the stock. FBR & Co also issued estimates for Regal Entertainment Group’s FY2020 earnings at $1.76 EPS.
Several other analysts have also recently commented on RGC. Zacks Investment Research cut shares of Regal Entertainment Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 21st. Wedbush reissued a “buy” rating and set a $25.00 price target on shares of Regal Entertainment Group in a research note on Sunday, July 24th. MKM Partners increased their price target on shares of Regal Entertainment Group from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, July 25th. B. Riley reissued a “neutral” rating and set a $23.00 price target on shares of Regal Entertainment Group in a research note on Monday, July 25th. Finally, Hilliard Lyons cut shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.18.
Shares of Regal Entertainment Group (NYSE:RGC) traded down 2.188% during mid-day trading on Friday, reaching $23.915. 5,816,486 shares of the company’s stock traded hands. Regal Entertainment Group has a 52 week low of $16.50 and a 52 week high of $24.79. The company’s 50 day moving average is $22.46 and its 200-day moving average is $21.76. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 21.900 and a beta of 0.92.
Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Thursday, October 27th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. Regal Entertainment Group had a net margin of 5.31% and a negative return on equity of 20.69%. The company had revenue of $811.50 million for the quarter, compared to the consensus estimate of $787.99 million. During the same period in the previous year, the business earned $0.18 EPS. The company’s revenue was up 11.9% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Monday, December 5th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, December 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.60%. Regal Entertainment Group’s payout ratio is 80.73%.
In related news, insider Gregory W. Dunn sold 30,765 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $21.75, for a total transaction of $669,138.75. Following the sale, the insider now directly owns 74,151 shares in the company, valued at $1,612,784.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.
Large investors have recently modified their holdings of the stock. Alliancebernstein L.P. raised its stake 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 valued at $105,278,000 after buying an additional 2,828,095 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Regal Entertainment Group by 42.2% in the second quarter. Vanguard Group Inc. now owns 7,665,646 shares of the company’s stock valued at $168,951,000 after buying an additional 2,276,318 shares during the last quarter. New Mountain Vantage Advisers L.L.C. acquired a new stake in shares of Regal Entertainment Group during the third quarter valued at about $29,265,000. Bank of Montreal Can acquired a new stake in shares of Regal Entertainment Group during the second quarter valued at about $29,335,000. Finally, Altrinsic Global Advisors LLC acquired a new stake in shares of Regal Entertainment Group during the third quarter valued at about $18,105,000. Hedge funds and other institutional investors own 62.48% of the company’s stock.
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.
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