Somewhat Positive Press Coverage Somewhat Unlikely to Impact Regal Entertainment Group (RGC) Stock Price

Media headlines about Regal Entertainment Group (NYSE:RGC) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Regal Entertainment Group earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.4306061123931 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

RGC has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a “hold” rating and issued a $22.00 price target on shares of Regal Entertainment Group in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Regal Entertainment Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of Regal Entertainment Group in a research report on Tuesday, August 1st. Morgan Stanley raised shares of Regal Entertainment Group from an “underweight” rating to an “equal weight” rating and set a $17.00 price target for the company in a research report on Thursday, October 5th. Finally, Credit Suisse Group reduced their price target on shares of Regal Entertainment Group from $17.00 to $13.00 and set an “underperform” rating for the company in a research report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $20.90.

Regal Entertainment Group (NYSE:RGC) traded down $0.27 during trading hours on Thursday, reaching $15.64. The company had a trading volume of 3,255,457 shares, compared to its average volume of 2,529,391. Regal Entertainment Group has a 12-month low of $13.90 and a 12-month high of $24.79. The firm has a market capitalization of $2,556.48, a P/E ratio of 18.50, a P/E/G ratio of 1.73 and a beta of 1.05. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of -2.84.

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

Regal Entertainment Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, August 31st that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be issued a $0.22 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.88 dividend on an annualized basis and a yield of 5.63%. Regal Entertainment Group’s dividend payout ratio is currently 101.15%.

In related news, Director Thomas D. Bell, Jr. purchased 25,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were bought at an average price of $14.76 per share, for a total transaction of $369,000.00. Following the completion of the acquisition, the director now directly owns 126,939 shares in the company, valued at approximately $1,873,619.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Ownby purchased 7,500 shares of the stock in a transaction on Thursday, August 24th. The shares were bought at an average price of $14.04 per share, for a total transaction of $105,300.00. Following the acquisition, the chief financial officer now owns 229,573 shares of the company’s stock, valued at $3,223,204.92. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 242,500 shares of company stock worth $641,000. Corporate insiders own 2.00% 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.

Insider Buying and Selling by Quarter for Regal Entertainment Group (NYSE:RGC)

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