Regal Entertainment Group (RGC) Given a $23.00 Price Target by Wedbush Analysts

Wedbush set a $23.00 price objective on Regal Entertainment Group (NYSE:RGC) in a research note published on Monday. The firm currently has a hold rating on the stock. Wedbush also issued estimates for Regal Entertainment Group’s Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $0.85 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.17 EPS and FY2018 earnings at $1.16 EPS.

RGC has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Regal Entertainment Group from a sell rating to a hold rating in a research note on Wednesday, November 8th. 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. Benchmark raised their price target on shares of Regal Entertainment Group from $19.00 to $23.00 and gave the company a buy rating in a report on Wednesday, November 29th. 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. Finally, Loop Capital cut their price target on shares of Regal Entertainment Group from $25.00 to $24.00 and set a buy rating for the company in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $22.00.

Regal Entertainment Group (NYSE RGC) opened at $22.93 on Monday. Regal Entertainment Group has a one year low of $13.90 and a one year high of $23.56. The firm has a market cap of $3,600.00, a P/E ratio of 27.63, a P/E/G ratio of 2.19 and a beta of 1.13. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Regal Entertainment Group had a net margin of 4.41% and a negative return on equity of 16.36%. The business had revenue of $716.00 million during the quarter, compared to analyst estimates of $701.66 million. During the same period in the previous year, the business earned $0.29 EPS. Regal Entertainment Group’s revenue was down 11.8% compared to the same quarter last year. equities analysts predict that Regal Entertainment Group will post 0.94 earnings per share for the current fiscal year.

The company 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 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Friday, December 1st. Regal Entertainment Group’s payout ratio is 106.02%.

A number of large investors have recently made changes to their positions in the business. Hamlin Capital Management LLC lifted its holdings in shares of Regal Entertainment Group by 1.4% during the 3rd quarter. Hamlin Capital Management LLC now owns 4,335,507 shares of the company’s stock worth $69,368,000 after acquiring an additional 60,489 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in shares of Regal Entertainment Group by 15.8% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 206,425 shares of the company’s stock worth $3,303,000 after acquiring an additional 28,175 shares during the last quarter. Edge Advisors LLC lifted its holdings in shares of Regal Entertainment Group by 15.3% during the 3rd quarter. Edge Advisors LLC now owns 174,421 shares of the company’s stock worth $2,789,000 after acquiring an additional 23,174 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of Regal Entertainment Group by 19.0% during the 2nd quarter. Martingale Asset Management L P now owns 498,694 shares of the company’s stock worth $10,205,000 after acquiring an additional 79,693 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Regal Entertainment Group by 17.2% during the 2nd quarter. Royal Bank of Canada now owns 724,860 shares of the company’s stock worth $14,831,000 after acquiring an additional 106,214 shares during the last quarter. 85.31% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Regal Entertainment Group (NYSE:RGC)

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