Regal Entertainment to be acquired by Cineworld Group

Regal Entertainment to be acquired by Cineworld Group

Regal Entertainment Group (RGC) will report its next earnings on Oct 24 AMC.

A number of large investors have recently modified their holdings of RGC.

Regal now has profit margins of 20 percent, something which Greidinger hopes to raise to Cineworld's 22 percent. This is contrary to shares in Regal, which have increased since about 13 percent since talks were first revealed.

Steve Kerr on Warriors' ejections: 'We're getting way too emotional'
We're a championship team", Kerr said, according to the San Jose Mercury News . "We got to be poised and we got to execute out there".

Cineworld shares opened down 1.1 per cent on Tuesday morning. Morgan Stanley upgraded shares of Regal Entertainment Group from an underweight rating to an equal weight rating and set a $17.00 price objective for the company in a report on Thursday, October 5th. Hamlin Capital Management LLC now owns 4,335,507 shares of the company's stock worth $69,368,000 after purchasing an additional 60,489 shares during the last quarter. Institutional investors and hedge funds own 65.33% of the company's stock. During the same period in the prior year, the company earned $0.29 earnings per share. Regal Entertainment Group has a twelve month low of $13.90 and a twelve month high of $23.56. The stock's last price was higher from the average trading price of 50 days recorded at $63.95 while enlarging the period to 200 trading days, the average price was $59.89.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Tuesday, October 24th. These analysts have also projected a Low Estimate of $0.28/share and a High Estimate of $0.48/share. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. The business had revenue of $716.00 million during the quarter, compared to analysts' expectations of $701.66 million. Analysts predict that Regal Entertainment Group will post $1.25 EPS for the current fiscal year. The ex-dividend date is Friday, December 1st. It last reported revenues of $816.8 million and EPS of $0.62 for the August 2017, representing 4% top-line growth and 0.6 EPS growth. Alliancebernstein L.P. raised its stake in Regal Entertainment Group by 11.6% during the 2nd quarter. RGC has been the topic of several analyst reports. MKM Partners reiterated a "buy" rating and issued a $20.00 target price on shares of Regal Entertainment Group in a research note on Monday, September 18th. They see Regal Entertainment Group (RGC) price hitting a mean target of $20.67 a share, meaning the stock still has potential that could drag the price another -0.29% Also, the recent close suggests the stock is underpriced by 19.39% compared to the most bullish target. Analysts giving the company a rating of 3 would be indicating a Hold recommendation.

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