FY2017 EPS Estimates for Regal Entertainment Group Decreased by Analyst (NYSE:RGC)

Regal Entertainment Group (NYSE:RGC) – Equities researchers at Wedbush decreased their FY2017 earnings estimates for shares of Regal Entertainment Group in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Wedbush analyst M. Pachter now anticipates that the company will earn $0.85 per share for the year, down from their previous forecast of $0.91. Wedbush has a “Hold” rating and a $23.00 price target on the stock. Wedbush also issued estimates for Regal Entertainment Group’s Q2 2018 earnings at $0.41 EPS and Q3 2018 earnings at $0.17 EPS.

Other analysts have also issued research reports about the company. MKM Partners lowered Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Wednesday. Royal Bank of Canada raised Regal Entertainment Group from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $19.00 to $20.00 in a research report on Thursday, October 26th. They noted that the move was a valuation call. Loop Capital lowered Regal Entertainment Group from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research report on Wednesday, December 6th. B. Riley reaffirmed a “buy” rating and set a $24.75 price objective (up previously from $24.00) on shares of Regal Entertainment Group in a research report on Wednesday, October 25th. Finally, Morgan Stanley raised Regal Entertainment Group from an “underweight” rating to an “equal weight” rating and set a $17.00 price objective on the stock in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. Regal Entertainment Group presently has a consensus rating of “Hold” and an average price target of $22.23.

Shares of Regal Entertainment Group (NYSE:RGC) opened at $23.01 on Wednesday. The stock has a market capitalization of $3,608.21, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78. Regal Entertainment Group has a 12-month low of $13.90 and a 12-month high of $23.56.

Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Tuesday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $716.00 million for the quarter, compared to analyst estimates of $701.66 million. Regal Entertainment Group had a negative return on equity of 16.36% and a net margin of 4.41%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share.

Several hedge funds have recently modified their holdings of RGC. Schwab Charles Investment Management Inc. grew its stake in shares of Regal Entertainment Group by 8.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 620,383 shares of the company’s stock worth $12,694,000 after purchasing an additional 50,201 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Regal Entertainment Group by 23.2% during the second quarter. Rhumbline Advisers now owns 129,049 shares of the company’s stock worth $2,640,000 after purchasing an additional 24,279 shares in the last quarter. State of Wisconsin Investment Board grew its stake in shares of Regal Entertainment Group by 40.3% during the second quarter. State of Wisconsin Investment Board now owns 22,470 shares of the company’s stock worth $460,000 after purchasing an additional 6,450 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Regal Entertainment Group during the second quarter worth $193,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Regal Entertainment Group by 10.4% during the second quarter. Bank of New York Mellon Corp now owns 913,106 shares of the company’s stock worth $18,682,000 after purchasing an additional 86,203 shares in the last quarter. 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.

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Earnings History and Estimates for Regal Entertainment Group (NYSE:RGC)

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