Regal Entertainment Group recently signed a definitive merger agreement with Cineworld, the U.K.'s largest cinema operator. Regal Entertainment Group is given 3 buy-equivalent recommendations, 0 sells and 3 holds. Regal Entertainment Group has an average rating of "Hold" and an average price target of $26.21. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Analysts reported that the Price Target for Regal Entertainment Group might touch $24.75 high while the Average Price Target and Low price Target is $21.44 and $17 respectively.
A number of large investors have recently modified their holdings of RGC. Analysts predict that Regal Entertainment Group will post $1.25 EPS for the current fiscal year. NY grew its stake in Regal Entertainment Group by 15.8% in the third quarter. Vanguard Group Inc. now owns 13,209,774 shares of the company's stock worth $270,273,000 after purchasing an additional 380,951 shares during the period. Neuberger Berman Group LLC raised its stake in Regal Entertainment Group by 20.9% during the 3rd quarter.More news: IATA: Global passenger demand rebounded in October
While looking at the Stock's Performance, Regal Entertainment Group now shows a Weekly Performance of 18.02%, where Monthly Performance is 30.24%, Quarterly performance is 32.34%, 6 Months performance is -1.16% and yearly performance percentage is -6.82%. This is contrary to shares in Regal, which have increased since about 13 percent since talks were first revealed.
Shares of Cineworld were down 3.7% in London trading on Tuesday morning, bringing the drop in shares in 2017 to 7%. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78. Regal Entertainment Group has a 12-month low of $19.35 and a 12-month high of $24.79.More news: Target Lets You Pay With New 'Wallet' Mobile Payment System
Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Wednesday, April 26th. 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 net margin of 5.33% and a negative return on equity of 20.07%. The company had Year Ago Sales of 812.6 Million. Investors of record on Monday, December 4th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, June 1st. This represents a $0.88 annualized dividend and a dividend yield of 4.29%. Regal Entertainment Group's payout ratio is 81.48%.
The transaction has been approved unanimously by Regal's and Cineworld's boards of cirectors. The portion of a company's profit allocated to each outstanding share of common stock was $2.29 a share in the trailing twelve months.More news: Elton John 'in shock' over death of his mom, Sheila Farebrother
Shares of Regal Entertainment Group (NYSE:RGC) opened at 20.62 on Friday. If you are reading this report on another publication, it was illegally copied and reposted in violation of global trademark and copyright law.