Regal Entertainment Group (RGC) Earning Somewhat Positive Media Coverage, Study Shows

Media coverage about Regal Entertainment Group (NYSE:RGC) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Regal Entertainment Group earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.6441080691643 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media stories that may have effected Accern’s analysis:

Shares of Regal Entertainment Group (NYSE RGC) traded up $0.01 during trading hours on Thursday, reaching $23.02. The company’s stock had a trading volume of 3,564,012 shares, compared to its average volume of 3,392,888. Regal Entertainment Group has a one year low of $13.90 and a one year high of $23.56. The firm has a market capitalization of $3,610.00, a P/E ratio of 27.73, a PEG ratio of 2.44 and a beta of 1.14. 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 (NYSE:RGC) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $716.00 million during the quarter, compared to the consensus estimate of $701.66 million. During the same period in the previous year, the company posted $0.29 earnings per share. Regal Entertainment Group’s revenue for the quarter was down 11.8% on a year-over-year basis. equities research analysts anticipate that Regal Entertainment Group will post 0.94 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 4th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Friday, December 1st. Regal Entertainment Group’s payout ratio is presently 106.02%.

Regal Entertainment Group declared that its Board of Directors has initiated a share buyback plan on Thursday, August 31st that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

A number of equities research analysts recently commented on RGC shares. Royal Bank of Canada upped their target price on Regal Entertainment Group to $23.00 in a research report on Wednesday, November 29th. Wedbush set a $20.00 target price on Regal Entertainment Group and gave the company a “buy” rating in a research report on Wednesday, October 25th. B. Riley reiterated a “buy” rating and issued a $24.75 target price (up previously from $24.00) on shares of Regal Entertainment Group in a research report on Wednesday, October 25th. Loop Capital dropped their target price on Regal Entertainment Group from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, October 23rd. Finally, Benchmark dropped their target price on Regal Entertainment Group from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Regal Entertainment Group presently has a consensus rating of “Hold” and a consensus price target of $21.83.

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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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