Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Regal Entertainment Group (RGC) Share Price
Press coverage about Regal Entertainment Group (NYSE:RGC) has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Regal Entertainment Group earned a news impact score of 0.06 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.1674131770111 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- ETFs with exposure to Regal Entertainment Group : August 30, 2017 (finance.yahoo.com)
- Ex-Dividend Reminder: Nike, Regal Entertainment Group and Strayer Education (nasdaq.com)
- Regal Entertainment Group Director Buys $148700.00 in Shares (techkenyot.com)
- Insider Buying: Regal Entertainment Group (RGC) Director Purchases 25,000 Shares of Stock (americanbankingnews.com)
- Insider Trading Activity Regal Entertainment Group (NYSE:RGC) – Director Bought 10,000 shares of Stock (4-traders.com)
Regal Entertainment Group (NYSE:RGC) opened at 14.67 on Wednesday. The company has a market cap of $2.29 billion, a P/E ratio of 13.62 and a beta of 0.92. Regal Entertainment Group has a 12 month low of $13.90 and a 12 month high of $24.79. The company’s 50-day moving average is $18.05 and its 200-day moving average is $20.56.
Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The company had revenue of $764.20 million during the quarter, compared to analysts’ expectations of $764.15 million. Regal Entertainment Group had a net margin of 5.24% and a negative return on equity of 20.42%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, equities research analysts expect that Regal Entertainment Group will post $1.04 EPS for the current fiscal 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 paid a $0.22 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.88 annualized dividend and a yield of 6.00%. Regal Entertainment Group’s dividend payout ratio is currently 82.24%.
RGC has been the topic of a number of recent research reports. Hilliard Lyons upgraded shares of Regal Entertainment Group to a “buy” rating in a report on Thursday, May 18th. They noted that the move was a valuation call. Credit Suisse Group cut their price objective on shares of Regal Entertainment Group from $19.00 to $17.00 and set an “underperform” rating on the stock in a report on Friday, June 23rd. Zacks Investment Research cut shares of Regal Entertainment Group from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Moffett Nathanson cut shares of Regal Entertainment Group from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $21.00 to $17.00 in a report on Monday, June 12th. Finally, Loop Capital upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $25.00 in a report on Tuesday, May 16th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Regal Entertainment Group has a consensus rating of “Hold” and an average target price of $24.57.
In other Regal Entertainment Group news, CFO David Ownby bought 7,500 shares of the stock in a transaction dated Thursday, August 24th. The shares were acquired at an average cost 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 in the company, valued at approximately $3,223,204.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas D. Bell, Jr. bought 25,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $14.76 per share, for a total transaction of $369,000.00. Following the completion of the transaction, the director now owns 126,939 shares of the company’s stock, valued at approximately $1,873,619.64. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 242,500 shares of company stock worth $641,000. Insiders own 2.00% of the company’s stock.
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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