Regal Entertainment Group (RGC) Receives “Buy” Rating from Wedbush

Wedbush reiterated their buy rating on shares of Regal Entertainment Group (NYSE:RGC) in a report released on Thursday morning. Wedbush also issued estimates for Regal Entertainment Group’s FY2017 earnings at $1.01 EPS, Q2 2018 earnings at $0.25 EPS and FY2018 earnings at $1.27 EPS.

Several other research firms have also recently issued reports on RGC. FBR & Co boosted their target price on shares of Regal Entertainment Group from $23.00 to $25.00 and gave the company a mkt perform rating in a research note on Thursday, April 27th. Royal Bank Of Canada reiterated a hold rating on shares of Regal Entertainment Group in a research note on Thursday, April 27th. MKM Partners reiterated a neutral rating and issued a $24.00 target price (up from $23.00) on shares of Regal Entertainment Group in a research note on Wednesday, April 26th. Zacks Investment Research cut shares of Regal Entertainment Group from a buy rating to a hold rating in a research note on Friday, April 21st. Finally, B. Riley reiterated a buy rating and issued a $28.75 target price on shares of Regal Entertainment Group in a research note on Monday, April 24th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Regal Entertainment Group presently has a consensus rating of Hold and a consensus target price of $24.57.

Shares of Regal Entertainment Group (NYSE RGC) traded up 0.05% during mid-day trading on Thursday, hitting $19.26. 1,941,312 shares of the stock traded hands. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 17.87 and a beta of 0.93. The firm has a 50 day moving average of $20.06 and a 200 day moving average of $21.34. Regal Entertainment Group has a 12 month low of $18.64 and a 12 month high of $24.79.

Regal Entertainment Group (NYSE:RGC) last posted its earnings results on Wednesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.02. Regal Entertainment Group had a net margin of 5.24% and a negative return on equity of 20.38%. The firm had revenue of $764.20 million during the quarter, compared to analyst estimates of $764.15 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts expect that Regal Entertainment Group will post $1.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Thursday, August 31st. Regal Entertainment Group’s dividend payout ratio is presently 82.24%.

A number of institutional investors have recently bought and sold shares of RGC. New York State Teachers Retirement System bought a new position in Regal Entertainment Group during the fourth quarter worth $148,000. Parallel Advisors LLC boosted its stake in shares of Regal Entertainment Group by 2.1% in the first quarter. Parallel Advisors LLC now owns 7,045 shares of the company’s stock worth $153,000 after buying an additional 145 shares during the period. Farmers National Bank boosted its stake in shares of Regal Entertainment Group by 6.6% in the first quarter. Farmers National Bank now owns 8,100 shares of the company’s stock worth $176,000 after buying an additional 500 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of Regal Entertainment Group during the first quarter worth approximately $200,000. Finally, LaSalle Street Capital Management LLC acquired a new stake in shares of Regal Entertainment Group during the first quarter worth approximately $200,000. Institutional investors own 76.24% of the company’s stock.

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.