Regal Entertainment Group (NYSE:RGC) – Barrington Research boosted their Q4 2017 earnings per share (EPS) estimates for Regal Entertainment Group in a report released on Tuesday. Barrington Research analyst J. Goss now forecasts that the firm will earn $0.38 per share for the quarter, up from their previous forecast of $0.36. Barrington Research also issued estimates for Regal Entertainment Group’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.37 EPS and FY2019 earnings at $1.40 EPS.

Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings results on Thursday, February 9th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. The company earned $812.60 million during the quarter, compared to the consensus estimate of $804.85 million. During the same period in the previous year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was down 4.2% on a year-over-year basis.

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

RGC has been the subject of a number of other reports. Zacks Investment Research raised shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, November 16th. Goldman Sachs Group, Inc. (The) raised shares of Regal Entertainment Group from a “neutral” rating to a “conviction-buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, November 1st. Wedbush reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Regal Entertainment Group in a research report on Monday, October 24th. Loop Capital reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Regal Entertainment Group in a research report on Tuesday, February 7th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of Regal Entertainment Group in a research report on Monday, October 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $25.34.

Shares of Regal Entertainment Group (NYSE:RGC) traded down 0.56% on Thursday, reaching $21.28. 437,509 shares of the company’s stock traded hands. Regal Entertainment Group has a one year low of $18.72 and a one year high of $24.79. The company’s 50-day moving average price is $22.02 and its 200 day moving average price is $22.01. The firm has a market cap of $3.32 billion, a P/E ratio of 19.58 and a beta of 0.92.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Friday, March 3rd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Wednesday, March 1st. Regal Entertainment Group’s dividend payout ratio (DPR) is presently 81.48%.

In related news, major shareholder Philip F. Anschutz sold 13,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $22.95, for a total value of $298,350,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGC. Ffcm LLC acquired a new position in Regal Entertainment Group during the fourth quarter valued at approximately $110,000. Parallel Advisors LLC acquired a new position in Regal Entertainment Group during the fourth quarter valued at approximately $142,000. Advisor Group Inc. increased its position in Regal Entertainment Group by 48.1% in the third quarter. Advisor Group Inc. now owns 7,027 shares of the company’s stock valued at $148,000 after buying an additional 2,283 shares during the period. New York State Teachers Retirement System acquired a new position in Regal Entertainment Group during the fourth quarter valued at approximately $148,000. Finally, Pacer Advisors Inc. increased its position in Regal Entertainment Group by 9.2% in the third quarter. Pacer Advisors Inc. now owns 6,945 shares of the company’s stock valued at $151,000 after buying an additional 588 shares during the period. 65.33% of the stock is owned by institutional investors.

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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