Regal Entertainment Group (NYSE:RGC) Posts Earnings Results

Regal Entertainment Group (NYSE:RGC) posted its earnings results on Monday. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01, Bloomberg Earnings reports. Regal Entertainment Group had a negative return on equity of 21.38% and a net margin of 5.51%. The firm had revenue of $764.20 million for the quarter, compared to analysts’ expectations of $764.15 million. During the same quarter last year, the company posted $0.23 EPS. The firm’s revenue was down 2.8% on a year-over-year basis.

Receive News & Ratings for Regal Entertainment Group Daily

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Entertainment Group and related companies with MarketBeat.com's FREE daily email newsletter.

Regal Entertainment Group (RGC) traded up 1.51% during trading on Wednesday, reaching $20.20. The company had a trading volume of 1,938,713 shares. Regal Entertainment Group has a 12-month low of $18.85 and a 12-month high of $24.79. The stock has a market capitalization of $3.16 billion, a P/E ratio of 17.72 and a beta of 0.93. The stock has a 50 day moving average of $20.14 and a 200-day moving average of $21.37.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by [[site]] and is the sole property of of [[site]]. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at [[permalink]].

A number of research analysts have weighed in on RGC shares. Wedbush reiterated a “buy” rating and set a $26.00 target price on shares of Regal Entertainment Group in a report on Thursday, April 27th. Zacks Investment Research upgraded Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, April 20th. B. Riley restated a “buy” rating and issued a $28.75 price target on shares of Regal Entertainment Group in a research note on Wednesday, April 19th. Loop Capital upgraded Regal Entertainment Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $23.00 to $25.00 in a research note on Tuesday, May 16th. Finally, Hilliard Lyons upgraded Regal Entertainment Group to a “buy” rating in a research note on Thursday, May 18th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Regal Entertainment Group has an average rating of “Hold” and an average target price of $24.86.

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.