Regal Entertainment Group (RGC) Releases Earnings Results, Beats Expectations By $0.01 EPS

Regal Entertainment Group (RGC) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.26. The company posted revenue of $787.10 million in the period, compared to analysts expectations of $770.62 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on Regal Entertainment Group. Company shares were Reiterated by Topeka Capital Markets on Apr 29, 2016 to “Hold”, Firm has raised the Price Target to $ 21 from a previous price target of $20 .Company shares were Reiterated by MKM Partners on Apr 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 19 from a previous price target of $18 .Company shares were Reiterated by The Benchmark Company on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 24.36 from a previous price target of $23.41 .

Regal Entertainment Group opened for trading at $21.26 and hit $21.63 on the upside on Wednesday, eventually ending the session at $21.5, with a gain of 1.46% or 0.31 points. The heightened volatility saw the trading volume jump to 9,39,698 shares. Company has a market cap of $3,371 M.

In a different news, on Mar 16, 2016, Amy E Miles (CEO) sold 103,201 shares at $21.02 per share price. According to the SEC, on May 20, 2015, Gregory W Dunn (President and COO) sold 19,000 shares at $21.40 per share price. On Apr 13, 2015, Nestor R Jr Weigand (director) purchased 88 shares at $22.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company’s theatre circuit consists of around 7367 screens in 574 theatres in 42 states along with Guam Saipan American Samoa and the District of Columbia. It operates multi-screen theatres and has an average of around 12.8 screens per location. The Company develops acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. 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 that include Regal Cinemas Inc. (RCI) Edwards Theatres Inc. (Edwards) Regal CineMedia Corporation (RCM) and United Arti

Regal Entertainment Group

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