FY2016 EPS Estimates for Regal Entertainment Group (RGC) Boosted by Barrington Research
Regal Entertainment Group (NYSE:RGC) – Stock analysts at Barrington Research upped their FY2016 earnings estimates for shares of Regal Entertainment Group in a research note issued to investors on Monday. Barrington Research analyst J. Goss now expects that the firm will post earnings per share of $1.00 for the year, up from their prior estimate of $0.95. Barrington Research also issued estimates for Regal Entertainment Group’s Q4 2016 earnings at $0.24 EPS.
RGC has been the subject of several other research reports. Wedbush restated a “buy” rating and set a $25.00 target price on shares of Regal Entertainment Group in a research note on Sunday, July 24th. Loop Capital restated a “hold” rating and set a $22.00 target price on shares of Regal Entertainment Group in a research note on Monday, September 26th. Royal Bank Of Canada upgraded Regal Entertainment Group from a “sector perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Wednesday, June 15th. Morgan Stanley restated a “sell” rating and set a $19.00 target price on shares of Regal Entertainment Group in a research note on Thursday, July 28th. Finally, B. Riley restated a “hold” rating and set a $23.00 target price on shares of Regal Entertainment Group in a research note on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. Regal Entertainment Group currently has a consensus rating of “Hold” and an average price target of $22.53.
Shares of Regal Entertainment Group (NYSE:RGC) traded up 1.97% on Thursday, reaching $22.26. The company had a trading volume of 712,551 shares. Regal Entertainment Group has a 12 month low of $16.50 and a 12 month high of $24.19. The company’s 50-day moving average is $21.55 and its 200 day moving average is $21.39. The firm has a market capitalization of $3.47 billion, a PE ratio of 23.14 and a beta of 1.12.
Regal Entertainment Group (NYSE:RGC) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $785.90 million for the quarter, compared to the consensus estimate of $801.49 million. Regal Entertainment Group had a negative return on equity of 18.52% and a net margin of 4.80%. Regal Entertainment Group’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.88 annualized dividend and a dividend yield of 4.03%. Regal Entertainment Group’s dividend payout ratio (DPR) is currently 91.67%.
In other news, major shareholder Philip F. Anschutz sold 13,000,000 shares of Regal Entertainment Group stock in a transaction on Monday, August 8th. The stock was sold at an average price of $21.60, for a total value of $280,800,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory W. Dunn sold 30,765 shares of Regal Entertainment Group stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $21.75, for a total value of $669,138.75. Following the completion of the sale, the insider now directly owns 74,151 shares of the company’s stock, valued at $1,612,784.25. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Societe Generale purchased a new stake in Regal Entertainment Group during the second quarter valued at approximately $103,000. Advisor Group Inc. purchased a new stake in Regal Entertainment Group during the second quarter valued at approximately $103,000. BlueMountain Capital Management LLC purchased a new stake in Regal Entertainment Group during the second quarter valued at approximately $125,000. Pacer Advisors Inc. purchased a new stake in Regal Entertainment Group during the second quarter valued at approximately $140,000. Finally, First Manhattan Co. boosted its stake in Regal Entertainment Group by 138.3% in the second quarter. First Manhattan Co. now owns 7,150 shares of the company’s stock valued at $157,000 after buying an additional 4,150 shares during the period. 63.44% 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.
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