Regal Entertainment Group (RGC) Given Average Rating of “Hold” by Brokerages

Regal Entertainment Group (NYSE:RGC) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.16.

Several analysts recently issued reports on the stock. Credit Suisse Group decreased their price objective on shares of Regal Entertainment Group from $17.00 to $13.00 and set an “underperform” rating for the company in a report on Thursday, September 28th. Benchmark reduced their price target on shares of Regal Entertainment Group from $24.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, September 26th. Royal Bank of Canada downgraded shares of Regal Entertainment Group from an “outperform” rating to a “sector perform” rating in a report on Wednesday, December 6th. B. Riley set a $24.00 price target on shares of Regal Entertainment Group and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Hilliard Lyons downgraded shares of Regal Entertainment Group from a “long-term buy” rating to a “neutral” rating in a report on Wednesday, December 6th.

Shares of Regal Entertainment Group (RGC) opened at $22.93 on Tuesday. The company has a debt-to-equity ratio of -2.84, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a market cap of $3,600.00, a price-to-earnings ratio of 27.63, a P/E/G ratio of 2.45 and a beta of 1.14. Regal Entertainment Group has a 1-year low of $13.90 and a 1-year high of $23.56.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Friday, December 1st. Regal Entertainment Group’s payout ratio is 106.02%.

Regal Entertainment Group declared that its board has approved a share repurchase program on Thursday, August 31st that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Regal Entertainment Group by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock worth $100,000 after acquiring an additional 373 shares during the period. IFP Advisors Inc increased its position in shares of Regal Entertainment Group by 164.3% during the 2nd quarter. IFP Advisors Inc now owns 5,419 shares of the company’s stock worth $111,000 after purchasing an additional 3,369 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Regal Entertainment Group by 169.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,519 shares of the company’s stock worth $113,000 after purchasing an additional 3,471 shares in the last quarter. Tortoise Investment Management LLC acquired a new stake in shares of Regal Entertainment Group during the 3rd quarter worth about $117,000. Finally, Farmers National Bank increased its position in shares of Regal Entertainment Group by 901.2% during the 2nd quarter. Farmers National Bank now owns 81,096 shares of the company’s stock worth $135,000 after purchasing an additional 72,996 shares in the last quarter. 85.31% of the stock is owned by institutional investors.

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About Regal Entertainment Group

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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