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

Wedbush set a $23.00 target price on Regal Entertainment Group (NYSE:RGC) in a report released on Monday morning. 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.

Several other equities research analysts have also commented on RGC. MKM Partners reiterated a buy rating and issued a $20.00 price objective on shares of Regal Entertainment Group in a research note on Monday, September 18th. Benchmark decreased their price objective on shares of Regal Entertainment Group from $24.00 to $19.00 and set a buy rating for the company in a research note on Tuesday, September 26th. 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 research note on Thursday, September 28th. Morgan Stanley upgraded shares of Regal Entertainment Group from an underweight rating to an equal weight rating and set a $17.00 price objective for the company in a research note on Thursday, October 5th. Finally, Zacks Investment Research upgraded shares of Regal Entertainment Group from a sell rating to a hold rating in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. Regal Entertainment Group has a consensus rating of Hold and a consensus target price of $22.00.

Shares of Regal Entertainment Group (RGC) opened at $22.93 on Monday. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78. The company has a market cap of $3,600.00, a PE ratio of 27.63, a price-to-earnings-growth ratio of 2.19 and a beta of 1.13. Regal Entertainment Group has a one year low of $13.90 and a one 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The firm had revenue of $716.00 million during the quarter, compared to analyst estimates of $701.66 million. Regal Entertainment Group had a net margin of 4.41% and a negative return on equity of 16.36%. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. equities research analysts forecast that Regal Entertainment Group will post 0.94 earnings per share for the current year.

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

Hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake 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 purchasing an additional 373 shares during the last quarter. Tortoise Investment Management LLC purchased a new stake in shares of Regal Entertainment Group during the 3rd quarter worth approximately $117,000. IFP Advisors Inc increased its stake in shares of Regal Entertainment Group by 60.8% during the 3rd quarter. IFP Advisors Inc now owns 8,713 shares of the company’s stock worth $139,000 after purchasing an additional 3,294 shares during the last quarter. Spectrum Management Group Inc. purchased a new stake in shares of Regal Entertainment Group during the 3rd quarter worth approximately $141,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Regal Entertainment Group by 18.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,150 shares of the company’s stock worth $187,000 after purchasing an additional 1,448 shares during the last quarter. 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.

Analyst Recommendations for Regal Entertainment Group (NYSE:RGC)

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