Somewhat Favorable News Coverage Somewhat Unlikely to Affect Regal Entertainment Group (RGC) Share Price
Media coverage about Regal Entertainment Group (NYSE:RGC) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Regal Entertainment Group earned a news impact score of 0.08 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.1863218049179 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Regal Entertainment Group (RGC) – Research Analysts’ Recent Ratings Changes (newstrendstoday.com)
- Regal Entertainment Group Class (NYSE:RGC) Experiences Heavier than Average Trading Volume (fishinghd.com)
- See what the IHS Markit Score report has to say about Regal Entertainment Group. (finance.yahoo.com)
- Regal Entertainment Group (NYSE:RGC) Expected to Announce Earnings of $0.15 Per Share (americanbankingnews.com)
- Regal Entertainment Group (RGC) Overbought or Oversold? (overnewsmagazine.com)
RGC has been the topic of several research analyst reports. Royal Bank Of Canada decreased their target price on Regal Entertainment Group from $25.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, June 22nd. B. Riley upgraded Regal Entertainment Group to a “buy” rating and set a $28.75 target price on the stock in a report on Saturday, April 29th. Loop Capital upgraded Regal Entertainment Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $23.00 to $25.00 in a report on Tuesday, May 16th. Zacks Investment Research upgraded 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. Finally, Piper Jaffray Companies set a $19.00 target price on Regal Entertainment Group and gave the stock a “hold” rating in a report on Thursday, July 27th. 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 company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.57.
Regal Entertainment Group (NYSE RGC) traded down 0.51% during trading on Friday, reaching $17.41. The company’s stock had a trading volume of 1,904,592 shares. Regal Entertainment Group has a 52-week low of $17.33 and a 52-week high of $24.79. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 16.17 and a beta of 0.92. The firm has a 50 day moving average price of $19.37 and a 200-day moving average price of $21.08.
Regal Entertainment Group (NYSE:RGC) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. Regal Entertainment Group had a negative return on equity of 20.42% and a net margin of 5.24%. The firm had revenue of $764.20 million for the quarter, compared to the consensus estimate of $764.15 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s revenue was down 2.8% on a year-over-year basis. On average, analysts expect that Regal Entertainment Group will post $1.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be given a $0.22 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.05%. Regal Entertainment Group’s dividend payout ratio (DPR) is presently 82.24%.
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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