Wedbush set a $23.00 target price on Regal Entertainment Group (NYSE:RGC) in a research report released on Monday. The firm currently has a hold rating on the stock. Wedbush also issued estimates for Regal Entertainment Group’s Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $0.85 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.17 EPS and FY2018 earnings at $1.16 EPS.

A number of other research analysts also recently issued reports on RGC. Piper Jaffray Companies set a $23.00 price target on shares of Regal Entertainment Group and gave the stock a hold rating in a research report on Wednesday, January 3rd. B. Riley downgraded shares of Regal Entertainment Group from a buy rating to a neutral rating and reduced their price target for the stock from $24.75 to $23.00 in a research report on Tuesday, January 2nd. Credit Suisse Group reduced their price target on shares of Regal Entertainment Group from $17.00 to $13.00 and set an underperform rating on the stock in a research report on Thursday, September 28th. Benchmark raised their price target on shares of Regal Entertainment Group from $19.00 to $23.00 and gave the stock a buy rating in a research report on Wednesday, November 29th. Finally, Royal Bank of Canada raised their price target on shares of Regal Entertainment Group to $23.00 in a research report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. Regal Entertainment Group presently has an average rating of Hold and a consensus price target of $22.00.

Regal Entertainment Group (NYSE RGC) traded up $0.02 during midday trading on Monday, reaching $22.89. 2,405,700 shares of the company’s stock were exchanged, compared to its average volume of 3,342,829. Regal Entertainment Group has a 12-month low of $13.90 and a 12-month high of $23.56. 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 company has a market cap of $3,590.00, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 2.19 and a beta of 1.13.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. Regal Entertainment Group had a net margin of 4.41% and a negative return on equity of 16.36%. The firm had revenue of $716.00 million for the quarter, compared to the consensus estimate of $701.66 million. During the same period in the prior year, the firm posted $0.29 EPS. The firm’s revenue was down 11.8% compared to the same quarter last year. research analysts predict that Regal Entertainment Group will post 0.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Monday, December 4th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.88 annualized dividend and a yield of 3.84%. Regal Entertainment Group’s dividend payout ratio is presently 106.02%.

A number of large investors have recently modified their holdings of RGC. The Manufacturers Life Insurance Company lifted its position in Regal Entertainment Group by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock valued at $100,000 after purchasing an additional 373 shares during the last quarter. Tortoise Investment Management LLC bought a new stake in Regal Entertainment Group in the 3rd quarter valued at about $117,000. Farmers National Bank lifted its position in Regal Entertainment Group by 901.2% in the 2nd quarter. Farmers National Bank now owns 81,096 shares of the company’s stock valued at $135,000 after purchasing an additional 72,996 shares during the last quarter. IFP Advisors Inc lifted its position in Regal Entertainment Group by 60.8% in the 3rd quarter. IFP Advisors Inc now owns 8,713 shares of the company’s stock valued at $139,000 after purchasing an additional 3,294 shares during the last quarter. Finally, Spectrum Management Group Inc. bought a new stake in Regal Entertainment Group in the 3rd quarter valued at about $141,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

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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.

Analyst Recommendations for Regal Entertainment Group (NYSE:RGC)

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