Wall Street analysts expect Regal Entertainment Group (NYSE:RGC) to report sales of $852.25 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Regal Entertainment Group’s earnings, with estimates ranging from $840.80 million to $860.40 million. Regal Entertainment Group posted sales of $812.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.9%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Regal Entertainment Group will report full-year sales of $852.25 million for the current year, with estimates ranging from $3.14 billion to $3.18 billion. For the next year, analysts forecast that the firm will report sales of $3.27 billion per share, with estimates ranging from $3.22 billion to $3.32 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Regal Entertainment Group.

A number of research firms have recently commented on RGC. Zacks Investment Research upgraded Regal Entertainment Group from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Benchmark boosted their price objective on Regal Entertainment Group from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. B. Riley set a $24.00 price objective on Regal Entertainment Group and gave the company a “buy” rating in a research note on Wednesday, October 18th. Piper Jaffray Companies set a $23.00 price objective on Regal Entertainment Group and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Finally, MKM Partners cut Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.23.

Institutional investors and hedge funds have recently made changes to their positions in the company. Hamlin Capital Management LLC increased its position in shares of Regal Entertainment Group by 1.4% during the third quarter. Hamlin Capital Management LLC now owns 4,335,507 shares of the company’s stock valued at $69,368,000 after buying an additional 60,489 shares during the period. Paradigm Capital Management Inc. NY increased its position in shares of Regal Entertainment Group by 15.8% during the third quarter. Paradigm Capital Management Inc. NY now owns 206,425 shares of the company’s stock valued at $3,303,000 after buying an additional 28,175 shares during the period. Edge Advisors LLC increased its position in shares of Regal Entertainment Group by 15.3% during the third quarter. Edge Advisors LLC now owns 174,421 shares of the company’s stock valued at $2,789,000 after buying an additional 23,174 shares during the period. Bank of New York Mellon Corp increased its position in shares of Regal Entertainment Group by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 940,463 shares of the company’s stock valued at $15,048,000 after buying an additional 27,357 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Regal Entertainment Group by 1,034.2% during the third quarter. JPMorgan Chase & Co. now owns 721,979 shares of the company’s stock valued at $11,833,000 after buying an additional 658,323 shares during the period. Hedge funds and other institutional investors own 82.04% of the company’s stock.

Regal Entertainment Group (NYSE RGC) traded down $0.01 during midday trading on Friday, hitting $23.11. The stock had a trading volume of 9,588,647 shares, compared to its average volume of 4,859,001. The company has a market cap of $3,633.33, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. Regal Entertainment Group has a 12 month low of $13.90 and a 12 month high of $23.17. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of -2.84.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Saturday, February 17th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, February 15th. Regal Entertainment Group’s dividend payout ratio is presently 101.15%.

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

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