Regal Entertainment Group (RGC) Earning Somewhat Favorable Media Coverage, Study Finds
Media headlines about Regal Entertainment Group (NYSE:RGC) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Regal Entertainment Group earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.9506697051515 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Regal Entertainment Group (RGC) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Regal Entertainment Group (NYSE:RGC) – RSI Alert – The Investor Guide (wallstreetnews24.com)
- Fan-Favorite Western-Style Anime Series RWBY to Debut Volume 5 Chapter 1 in Movie Theaters Nationwide October 12 Only (businesswire.com)
- Insiders Are Going To The Movies (seekingalpha.com)
- Regal Entertainment Group Class (NYSE:RGC) Experiences Heavier than Usual Trading Volume (iphonefresh.com)
Shares of Regal Entertainment Group (RGC) opened at 16.03 on Friday. Regal Entertainment Group has a one year low of $13.90 and a one year high of $24.79. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 14.88 and a beta of 0.96. The company has a 50-day moving average of $16.32 and a 200 day moving average of $19.93.
Regal Entertainment Group (NYSE:RGC) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $764.20 million for the quarter, compared to analyst estimates of $764.15 million. During the same period in the prior year, the business earned $0.23 earnings per share. Regal Entertainment Group’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts forecast that Regal Entertainment Group will post $1.01 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend was Thursday, August 31st. Regal Entertainment Group’s payout ratio is 82.24%.
Regal Entertainment Group declared that its board has initiated a stock buyback program on Thursday, August 31st that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to buy up to 2.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Several brokerages have commented on RGC. Royal Bank Of Canada decreased their price objective on shares of Regal Entertainment Group from $25.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of Regal Entertainment Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Credit Suisse Group decreased their price objective on shares of Regal Entertainment Group from $19.00 to $17.00 and set an “underperform” rating for the company in a research note on Friday, June 23rd. Moffett Nathanson cut shares of Regal Entertainment Group from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $21.00 to $17.00 in a research note on Monday, June 12th. Finally, Wedbush restated a “buy” rating on shares of Regal Entertainment Group in a research note on Thursday, July 27th. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $24.43.
In other Regal Entertainment Group news, CFO David Ownby acquired 7,500 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was purchased at an average price of $14.04 per share, for a total transaction of $105,300.00. Following the completion of the transaction, the chief financial officer now owns 229,573 shares of the company’s stock, valued at approximately $3,223,204.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen A. Kaplan acquired 10,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was acquired at an average price of $14.87 per share, with a total value of $148,700.00. Following the transaction, the director now directly owns 155,572 shares of the company’s stock, valued at approximately $2,313,355.64. The disclosure for this purchase can be found here. Insiders acquired 242,500 shares of company stock valued at $641,000 in the last quarter. 2.00% of the stock is currently owned by company insiders.
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.
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