Regal Entertainment Group (RGC) Earns Buy Rating from B. Riley

Penny Dreadful Screening And Q&A With Reeve Carney

Amy Miles, the Regal chief executive, said the offer represented "a meaningful premium on Regal's unaffected share price" and provided "compelling value for our stockholders".

Looking forward, the company's quarterly earnings are expected to come at $0.59 in the three months through November 2017 and $0.59 in the quarter ending February 2018, reflecting 5.36% and 7.27% growth, respectively.

Cineworld CEO Mooky Greidinger said that the company expects to bring Regal's profit margins closer to Cineworld, the latter of which has a 22% margin, while Regal has slightly less than a 20% profit margin.

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Cineworld, Britain's biggest cinema operator, would pay $23 a share for Regal, which runs 561 theater locations, including five in the Baltimore region. Credit Suisse Group AG downgraded Regal Entertainment Group from a "neutral" rating to an "underperform" rating and set a $20.00 target price on the stock.in a report on Tuesday, January 31st. BlackRock Advisors LLC now owns 46,386 shares of the company's stock valued at $1,009,000 after buying an additional 4,186 shares during the last quarter. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%.

In case of Revenue Estimates, 13 analysts have provided their consensus Average Revenue Estimates for Regal Entertainment Group as 893.19 Million. The company had revenue of $716.00 million for the quarter, compared to analysts' expectations of $701.66 million. Year-to-date it plunged -0.49%. The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, December 4th will be issued a dividend of $0.22 per share. Wedbush set a $20.00 price target on Regal Entertainment Group and gave the stock a "buy" rating in a research report on Wednesday, October 25th. BlackRock Inc. now owns 3,861,499 shares of the company's stock worth $87,192,000 after acquiring an additional 3,826,206 shares in the last quarter. Regal Entertainment Group's payout ratio is 101.15%. Nationally recognized Johnson Fistel is investigating whether the proposed deal price represents adequate consideration, especially given one Wall Street analyst has a $24.75 price target on the stock. Finally, Royal Bank of Canada increased its holdings in Regal Entertainment Group by 17.2% in the second quarter. If you are reading this story on another publication, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright law. The Company manages its business under theatre exhibition operations segment.

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