About Regal Entertainment Group (NYSE:RGC)
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. The Company develops, acquires and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. The Company operates multi-screen theatres. The Company is the parent company of Regal Entertainment Holdings, Inc. (REH), which is the parent company of Regal Cinemas Corporation (Regal Cinemas) and its subsidiaries. Regal Cinemas' subsidiaries include Regal Cinemas, Inc. (RCI) and its subsidiaries, which include Edwards Theatres, Inc. (Edwards), Regal CineMedia Corporation (RCM) and United Artists Theatre Company (United Artists).
Industry, Sector and Symbol:
- Sector: Consumer Discretionary
- Industry: Movie Theaters & Movie Products
- Sub-Industry: Movies & Entertainment
- Symbol: NYSE:RGC
- CUSIP: 75876610
- Web: www.regmovies.com
- Market Cap: $2.55805 billion
- Outstanding Shares: 156,347,000
- 50 Day Moving Avg: $16.09
- 200 Day Moving Avg: $18.89
- 52 Week Range: $13.90 - $24.79
Sales & Book Value:
- Trailing P/E Ratio: 15.13
- Foreward P/E Ratio: 15.97
- P/E Growth: 4.04
- Annual Revenue: $3.21 billion
- Price / Sales: 0.79
- Book Value: ($5.34) per share
- Price / Book: -3.05
- Annual Dividend: $0.88
- Dividend Yield: 5.4%
- EBITDA: $587.1 million
- Net Margins: 5.24%
- Return on Equity: -20.42%
- Return on Assets: 6.50%
- Debt-to-Equity Ratio: -2.91%
- Current Ratio: 0.89%
- Quick Ratio: 0.83%
- Average Volume: 3.63 million shs.
- Beta: 0.97
- Short Ratio: 12.82
Frequently Asked Questions for Regal Entertainment Group (NYSE:RGC)
What is Regal Entertainment Group's stock symbol?
Regal Entertainment Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "RGC."
How often does Regal Entertainment Group pay dividends? What is the dividend yield for Regal Entertainment Group?
Regal Entertainment Group declared a quarterly dividend on Thursday, July 27th. Investors of record on Tuesday, September 5th will be given a dividend of $0.22 per share on Friday, September 15th. This represents a $0.88 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, August 31st. View Regal Entertainment Group's Dividend History.
How will Regal Entertainment Group's stock buyback program work?
Regal Entertainment Group declared that its board has initiated a stock repurchase plan on Friday, September 1st 2017, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 2.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.
How were Regal Entertainment Group's earnings last quarter?
Regal Entertainment Group (NYSE:RGC) posted its earnings results on Wednesday, July, 26th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.18 by $0.02. The firm had revenue of $764.20 million for the quarter, compared to the consensus estimate of $764.15 million. Regal Entertainment Group had a net margin of 5.24% and a negative return on equity of 20.42%. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. View Regal Entertainment Group's Earnings History.
When will Regal Entertainment Group make its next earnings announcement?
Where is Regal Entertainment Group's stock going? Where will Regal Entertainment Group's stock price be in 2017?
13 brokers have issued 1-year price objectives for Regal Entertainment Group's stock. Their predictions range from $13.00 to $47.00. On average, they expect Regal Entertainment Group's share price to reach $22.92 in the next twelve months. View Analyst Ratings for Regal Entertainment Group.
What are analysts saying about Regal Entertainment Group stock?
Here are some recent quotes from research analysts about Regal Entertainment Group stock:
- 1. According to Zacks Investment Research, "Regal Entertainment Group is a leading motion picture exhibitor operating the largest theatre circuit in the United States. The Company's nationwide theatre circuit is comprised of Regal Cinemas Corporation, United Artists Theatre Company and Edwards Theatres, Inc. " (10/10/2017)
- 2. Wedbush analysts commented, "The Wedbush View: Although lagging its peers, Regal has accelerated its modernization initiatives and is rapidly upgrading its footprint. We expect Regal to continue investing in several key areas including expanding its luxury recliner seating, in alternative concessions, as well as expanding its Premium Large Format (“PLF”) screens." (4/27/2017)
- 3. FBR & Co analysts commented, "We are updating our Regal estimates to factor in a better 1Q17 trend in industry box office than we anticipated, but limited change to our full-year view. For 1Q17, domestic box office rose 4% year over year, better than our expectation for a decline when we last published Regal estimates. However, we continue to see a flattish domestic box office trend for the year, with a decline in 3Q17 and a flattish 4Q17 offsetting growth in 1H17." (4/3/2017)
Are investors shorting Regal Entertainment Group?
Regal Entertainment Group saw a decrease in short interest during the month of September. As of September 29th, there was short interest totalling 26,512,796 shares, a decrease of 18.1% from the September 15th total of 32,359,134 shares. Based on an average daily volume of 3,380,881 shares, the short-interest ratio is presently 7.8 days. Approximately 20.3% of the shares of the company are short sold.
Who are some of Regal Entertainment Group's key competitors?
Some companies that are related to Regal Entertainment Group include SJM Holdings (SJMHF), Bright Horizons Family Solutions (BFAM), Pool Corporation (POOL), International Game Technology (IGT), Carter's (CRI), Cable One (CABO), Cinemark Holdings (CNK), Mediaset SpA (MDIUY), Hilton Grand Vacations (HGV), Extended Stay America (STAY), Choice Hotels International (CHH), Liberty Global PLC (LILAK), Liberty Global PLC (LILA), ILG (ILG), AMC Networks (AMCX), Cedar Fair, L.P. (FUN), Tribune Media Company (TRCO) and Marriot Vacations Worldwide Corporation (VAC).
Who are Regal Entertainment Group's key executives?
Regal Entertainment Group's management team includes the folowing people:
- Amy E. Miles, Chairman of the Board, Chief Executive Officer
- Gregory W. Dunn, President, Chief Operating Officer
- David H. Ownby, Executive Vice President, Chief Financial Officer, Treasurer
- Peter B. Brandow, Executive Vice President, General Counsel, Secretary
- Thomas D. Bell Jr., Lead Independent Director
- Michael L. Campbell, Chairman Emeritus
- Charles E. Brymer, Independent Director
- Stephen A. Kaplan, Independent Director
- David H. Keyte, Independent Director
How do I buy Regal Entertainment Group stock?
Shares of Regal Entertainment Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Regal Entertainment Group's stock price today?
MarketBeat Community Rating for Regal Entertainment Group (NYSE RGC)MarketBeat's community ratings are surveys of what our community members think about Regal Entertainment Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Regal Entertainment Group stock can currently be purchased for approximately $16.29.
Consensus Ratings for Regal Entertainment Group (NYSE:RGC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 3 Hold Ratings, 7 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 2.54)|
|Consensus Price Target: ||$22.92 (40.72% upside)|Consensus Price Target History for Regal Entertainment Group (NYSE:RGC)
Analysts' Ratings History for Regal Entertainment Group (NYSE:RGC)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/19/2017||Wedbush||Set Price Target||Buy||$19.00||N/A|
|10/18/2017||B. Riley||Set Price Target||Buy||$26.00 -> $24.00||N/A|
|10/5/2017||Morgan Stanley||Upgrade||Underweight -> Equal Weight||$17.00||N/A|
|9/28/2017||Credit Suisse Group||Lower Price Target||Underperform||$17.00 -> $13.00||High|
|9/26/2017||Benchmark Co.||Lower Price Target||Buy -> Buy||$24.00 -> $19.00||Low|
|9/18/2017||MKM Partners||Reiterated Rating||Buy||$20.00||Medium|
|7/27/2017||Piper Jaffray Companies||Set Price Target||Hold||$19.00||Low|
|7/27/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$22.00||High|
|6/12/2017||Moffett Nathanson||Downgrade||Neutral -> Sell||$21.00 -> $17.00||Medium|
|5/16/2017||Loop Capital||Upgrade||Hold -> Buy||$23.00 -> $25.00||Low|
|4/27/2017||FBR & Co||Boost Price Target||Mkt Perform -> Mkt Perform||$23.00 -> $25.00||High|
|11/1/2016||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Conviction-Buy||$47.00||N/A|
|7/27/2016||J P Morgan Chase & Co||Boost Price Target||Neutral||$21.00 -> $23.00||N/A|
|4/30/2016||Drexel Hamilton||Reiterated Rating||Buy||N/A|
|4/29/2016||Topeka Capital Markets||Boost Price Target||Hold||$20.00 -> $21.00||N/A|
|2/23/2016||JBL Advisors||Downgrade||Outperform -> Market Perform||N/A|
|2/11/2016||Barrington Research||Lower Price Target||Outperform||$24.00 -> $21.00||N/A|
|11/26/2015||S&P Equity Research||Upgrade||Hold -> Buy||$15.00 -> $16.00||N/A|
Earnings History for Regal Entertainment Group (NYSE:RGC)Earnings History by Quarter for Regal Entertainment Group (NYSE RGC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$0.18||$0.16||$764.15 million||$764.20 million||View||N/A|
|4/26/2017||Q1 2017||$0.36||$0.32||$808.18 million||$821.20 million||View||N/A|
|2/9/2017||Q416||$0.26||$0.33||$804.85 million||$812.60 million||View||Listen|
|10/27/2016||Q316||$0.26||$0.29||$787.99 million||$811.50 million||View||Listen|
|7/26/2016||Q216||$0.24||$0.23||$801.49 million||$785.90 million||View||Listen|
|4/28/2016||Q116||$0.25||$0.27||$763.65 million||$787.10 million||View||Listen|
|2/9/2016||Q415||$0.35||$0.36||$847.05 million||$848.20 million||View||N/A|
|10/27/2015||Q315||$0.14||$0.18||$716.90 million||$725.00 million||View||Listen|
|7/30/2015||Q215||$0.35||$0.38||$841.39 million||$862.80 million||View||Listen|
|4/30/2015||Q115||$0.11||$0.15||$690.80 million||$691.30 million||View||Listen|
|2/12/2015||Q414||$0.29||$0.30||$798.64 million||$799.10 million||View||Listen|
|10/27/2014||Q314||$0.20||$0.18||$732.80 million||$693.80 million||View||Listen|
|7/24/2014||Q214||$0.29||$0.27||$811.71 million||$770.30 million||View||Listen|
|4/24/2014||Q114||$0.18||$0.20||$716.39 million||$726.90 million||View||Listen|
|2/13/2014||Q413||$0.26||$0.17||$768.80 million||$739.90 million||View||Listen|
|10/24/2013||Q313||$0.28||$0.38||$796.23 million||$813.10 million||View||N/A|
|7/25/2013||Q2 2013||$0.31||$0.36||$842.56 million||$842.00 million||View||Listen|
|4/30/2013||Q1 2013||$0.15||$0.13||$649.44 million||$642.80 million||View||Listen|
|2/7/2013||Q4 2012||$0.20||$0.28||$705.84 million||$723.10 million||View||Listen|
Earnings Estimates for Regal Entertainment Group (NYSE:RGC)
2017 EPS Consensus Estimate: $1.00
2018 EPS Consensus Estimate: $1.10
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Regal Entertainment Group (NYSE:RGC)
|Most Recent Dividend:||9/15/2017|
|Dividend Growth:||1.60% (3 Year Average)|
|Payout Ratio:||82.24% (Trailing 12 Months of Earnings) |
95.65% (Based on This Year's Estimates)
86.27% (Based on Next Year's Estimates)
Dividend History by Quarter for Regal Entertainment Group (NYSE RGC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Regal Entertainment Group (NYSE:RGC)
Insider Ownership Percentage: 2.00%Insider Trades by Quarter for Regal Entertainment Group (NYSE:RGC)
Institutional Ownership Percentage: 82.41%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/29/2017||Thomas D Bell Jr||Director||Buy||25,000||$14.76||$369,000.00|| |
|8/25/2017||Stephen A Kaplan||Director||Buy||10,000||$14.87||$148,700.00|| |
|8/24/2017||David Ownby||CFO||Buy||7,500||$14.04||$105,300.00|| |
|8/23/2017||Cyril Charles Ja Vaillancourt||Director||Buy||200,000||$0.09||$18,000.00|
|3/9/2017||Gregory W Dunn||Insider||Sell||26,050||$22.15||$577,007.50|| |
|3/9/2017||Peter B Brandow||EVP||Sell||20,233||$22.50||$455,242.50|| |
|11/23/2016||Philip F Anschutz||Major Shareholder||Sell||13,000,000||$22.95||$298,350,000.00|| |
|9/7/2016||Gregory W Dunn||Insider||Sell||30,765||$21.75||$669,138.75|| |
|8/8/2016||Philip F Anschutz||Major Shareholder||Sell||13,000,000||$21.60||$280,800,000.00|| |
|6/29/2016||Peter B Brandow||EVP||Sell||49,024||$21.51||$1,054,506.24|| |
|6/15/2016||Gregory W Dunn||COO||Sell||25,000||$20.28||$507,000.00|| |
|3/15/2016||Amy E Miles||CEO||Sell||28,201||$20.82||$587,144.82|| |
|3/14/2016||Amy E Miles||CEO||Sell||75,000||$21.22||$1,591,500.00|| |
|9/9/2015||Cyril Charles Ja Vaillancourt||Director||Buy||600,000||$0.00||$0.00|
|6/16/2015||Kenneth David Booth||Director||Buy||23,000||$0.05||$1,150.00|
|5/19/2015||Gregory W Dunn||COO||Sell||19,000||$21.40||$406,600.00|| |
|4/2/2015||Kenneth David Booth||Director||Buy||72,000||$0.05||$3,240.00|
|2/18/2015||Alex Yemenidjian||Director||Sell||58,475||$23.37||$1,366,560.75|| |
|12/2/2014||Kenneth David Booth||Director||Buy||50,000||$0.04||$2,000.00|
Headline Trends for Regal Entertainment Group (NYSE:RGC)
Latest Headlines for Regal Entertainment Group (NYSE:RGC)
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Regal Entertainment Group (RGC) Chart for Sunday, October, 22, 2017