Brokers Set Expectations for Regal Entertainment Group's FY2017 Earnings (RGC)


Shares of Regal Entertainment Group (RGC) are trading -34.99% downward from the 52-week high mark and 15.94% above from the fifty two-week low mark. RBC Capital Markets maintained it with "Sector Perform" rating and $25 target in Thursday, April 27 report.

The company reported its EPS on 6/29/2017. Additionally Regal Entertainment Group Class recently announced a dividend which was paid on Friday September 15th, 2017. For the quarter, shares have been noted at -17.53%. Regal Entertainment Group had a net margin of 5.24% and a negative return on equity of 20.42%. The company beat the analyst EPS Estimate with the difference of $0.03. After a recent check, it is observed that the insiders for the firm now own 0.30% shares. They expect $0.46 EPS, down 36.11% or $0.26 from last year's $0.72 per share. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & global copyright and trademark legislation. The correct version of this report can be viewed at It increased, as 33 investors sold RGC shares while 66 reduced holdings. Finally, Wedbush reiterated an "outperform" rating and set a $23.00 price target (up from $19.00) on shares of Regal Entertainment Group in a report on Monday. There are brokerage firms with lower targets than the average, including one setting a price target of $13. Topeka Capital Markets has "Hold" rating and $21 target. This recommendation lands on a scale between 1 and 5. The other 10, though not evenly; between analysts who think you should buy Regal Entertainment Group versus those who think you should sell it.

Analysts await Regal Entertainment Group (NYSE:RGC) to report earnings on October, 26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The stock's average target of $24 is 49.72% above today's ($16.03) share price. The trading saw a strength at $24.79, the 52-week high. Investors of record on Tuesday, September 5th were given a $0.22 dividend. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. The ex-dividend date was Thursday, August 31st. Ameriprise Fincl has invested 0.04% in Regal Entertainment Group (NYSE:RGC).

Regal Entertainment Group declared that its board has initiated a stock buyback program on Thursday, August 31st that allows the company to repurchase $50.00 million in shares. The company has market cap of $2.57 billion. This is usually interpreted as a good sign as traders widely believe rising stock should see increasing volume. Also, CFO David Ownby purchased 7,500 shares of the company's stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average cost of $14.04 per share, for a total transaction of $105,300.00. Icon Advisers Inc acquired 19,500 shares as Regal Entertainment Group Clas (RGC)'s stock declined 4.72%. Also, Director Thomas D. Bell, Jr. acquired 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 29th. Price to cash per share ration is at 10.58. The disclosure for this purchase can be found here. The stock spiked 4.99% last month and is down -22.33 this year. FINL's insider ownership was 1.70%.

RGC has been the topic of a number of analyst reports. Ltd. raised its holdings in Regal Entertainment Group by 85.4% during the 1st quarter. Following the completion of the acquisition, the chief financial officer now directly owns 229,573 shares of the company's stock, valued at approximately $3,223,204.92. Ffcm LLC lifted its stake in shares of Regal Entertainment Group by 123.4% during the second quarter. Farmers National Bank now owns 8,100 shares of the company's stock worth $176,000 after purchasing an additional 500 shares in the last quarter. Public Employees Retirement System of OH increased its position in Regal Entertainment Group by 79.6% in the 2nd quarter.

Altrinsic Global Advisors Llc increased Xl Group Ltd stake by 429,492 shares to 2.16 million valued at $94.60M in 2017Q2. However, the institutional investors are observed to own 0.00% of the total shares. Moreover, Cap Fund has 0% invested in Regal Entertainment Group (NYSE:RGC).



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