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

Share

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 https://www.dispatchtribunal.com/2017/10/12/brokers-set-expectations-for-regal-entertainment-groups-fy2017-earnings-rgc.html. 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).

Share

Advertisement

Related Posts

Porsche Passport Is How You Drive a Sportscar Without Owning One
The 911 was distinguished with the "Highest Ranked Appeal" award in the "Midsize Premium Sporty Car" category. That's because the said fees also cover the insurance and taxes, as well as the maintenance.

Unbiased Equity Research: Sally Beauty Holdings, Inc. (SBH), Navient Corporation (NAVI)
Of those analysts, 3 rate stock as a Strong Buy, 8 rate it as Hold, and just no analyst rates it as a Moderate Sell. The difference between the expected and actual EPS was $0.03/share, which represents an Earnings surprise of 6.1%.

Analyst Commentary On AbbVie Inc. (ABBV), Calpine Corporation (CPN)
Societe Generale upgraded AbbVie from a "hold" rating to a "buy" rating in a research note on Thursday, June 22nd. About 15.07M shares traded or 18.20% up from the average. 11,358 shares were sold by Norris Eric, worth $860,339.

Cancer survivor Christina Applegate had ovaries, Fallopian tubes removed
By then, with a little luck, there will be progress. "I look at her and feed her the cleanest foods", Applegate told " Today ". During an appearance on Today , the Bad Moms star, 45, revealed that she had her ovaries and fallopian tubes removed.

Several injured in N. Carolina mass prison break attempt
A fire was set inside the prison and several employees were injured, according to the North Carolina Department of Public Safety . Northside Elementary, Elizabeth City Middle School and Pasquotank County High School were all placed on lockdown .

Profund Advisors LLC Maintains Stake in Intel Corp
It is positive, as 73 investors sold NVDA shares while 262 reduced holdings. 123 funds opened positions while 564 raised stakes. After $0.26 actual EPS reported by Umpqua Holdings Corp for the previous quarter, Wall Street now forecasts 11.54% EPS growth.

Kourtney Kardashian Flaunts Tiny Baby Bump Following Pregnancy News
And now that she is ready to move forward with God's plan, it would appear she's found the ideal partner in 24-year-old Younes . Recently, Kourtney Kardashian opened up about possibly having another child .

Katy Perry Helps Fan Propose Onstage
KATY Perry has played Cupid and helped two loved-up fans get engaged in front of a crowd of thousands during one of her shows. The pop star posted a video of the proposal on her Instagram Stories feed while other fans also posted clips.

Bernie Sanders to speak at Women's Convention at Cobo
Other speakers include MI gubernatorial candidates Gretchen Whitmer and Abdul El-Sayed, former MI state Rep. Maxine Waters, D-California, and Brenda Lawrence, D-Michigan.

Offaly is the most Catholic county in Ireland
The report shows that the number of Irish Travellers stood at 30,987, representing 0.7% of the general population in April 2016. This was followed by "Any other White background" (9.5%), non-Chinese Asian (1.7%) and "other incl. mixed background' (1.5%)".

© 2015 ExpressNewsline. All Rights reserved.