Regal Entertainment Group (NYSE:RGC) – B. Riley dropped their Q4 2017 EPS estimates for shares of Regal Entertainment Group in a report released on Monday. B. Riley analyst E. Wold now expects that the company will post earnings of $0.34 per share for the quarter, down from their prior forecast of $0.45. B. Riley has a “Hold” rating and a $23.00 price objective on the stock. B. Riley also issued estimates for Regal Entertainment Group’s Q1 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.34 EPS, Q1 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.21 EPS.

Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings results on Tuesday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $716.00 million during the quarter, compared to analyst estimates of $701.66 million. During the same quarter 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.

Several other analysts have also issued reports on the company. MKM Partners lowered Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a report on Wednesday, January 17th. Wedbush set a $23.00 price target on Regal Entertainment Group and gave the company a “hold” rating in a report on Monday, January 8th. Piper Jaffray Companies set a $23.00 price target on Regal Entertainment Group and gave the company a “hold” rating in a report on Wednesday, January 3rd. Hilliard Lyons lowered Regal Entertainment Group from a “long-term buy” rating to a “neutral” rating in a report on Wednesday, December 6th. Finally, Moffett Nathanson raised Regal Entertainment Group from a “sell” rating to a “neutral” rating in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.23.

Shares of Regal Entertainment Group (NYSE RGC) opened at $22.94 on Tuesday. Regal Entertainment Group has a fifty-two week low of $13.90 and a fifty-two week high of $23.56. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of -2.84. The stock has a market capitalization of $3,611.34, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Regal Entertainment Group by 8.3% in the second 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. MML Investors Services LLC boosted its stake in shares of Regal Entertainment Group by 3.4% in the second quarter. MML Investors Services LLC now owns 11,529 shares of the company’s stock worth $236,000 after acquiring an additional 381 shares during the period. National Asset Management Inc. boosted its stake in shares of Regal Entertainment Group by 9.4% in the second quarter. National Asset Management Inc. now owns 9,939 shares of the company’s stock worth $204,000 after acquiring an additional 852 shares during the period. Signet Financial Management LLC boosted its stake in shares of Regal Entertainment Group by 3.6% in the second quarter. Signet Financial Management LLC now owns 61,522 shares of the company’s stock worth $1,259,000 after acquiring an additional 2,151 shares during the period. Finally, Atria Investments LLC boosted its stake in shares of Regal Entertainment Group by 29.7% in the fourth quarter. Atria Investments LLC now owns 13,416 shares of the company’s stock worth $309,000 after acquiring an additional 3,076 shares during the period. 85.09% 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.

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

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