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Regal Entertainment Group's (RGC) CEO Amy Miles on Q3 2017 Results - Earnings Call Transcript

October 25,2017 13:49

Good afternoon. My name is Tim, and I'll be your conference facilitator today. At this time, I would like to welcome everyone to the Regal Entertainment Group Third Quarter 2017 Earnings Release Conference Call, with our hosts Amy Miles, Chief ...

October 25, 2017 - By Neil V. Hobbs
Among 15 analysts covering Regal Entertainment Group (NYSE:RGC), 6 have Buy rating, 2 Sell and 7 Hold. Therefore 40% are positive. Regal Entertainment Group has $32 highest and $13 lowest target. $19.85’s average target is 18.15% above currents $16.8 stock price. Regal Entertainment Group had 50 analyst reports since July 31, 2015 according to SRatingsIntel. Topeka Capital Markets maintained Regal Entertainment Group (NYSE:RGC) rating on Friday, January 29. Topeka Capital Markets has “Hold” rating and $18 target. RBC Capital Markets maintained Regal Entertainment Group (NYSE:RGC) rating on Friday, July 31. RBC Capital Markets has “Outperform” rating and $28 target. As per Monday, October 9, the company rating was maintained by Wedbush. FBR Capital maintained it with “Market Perform” rating and $20 target in Friday, August 21 report. The stock of Regal Entertainment Group (NYSE:RGC) earned “Hold” rating by Topeka Capital Markets on Monday, July 27. Wedbush maintained the shares of RGC in report on Thursday, July 27 with “Buy” rating. The rating was maintained by M Partners with “Neutral” on Thursday, January 28. As per Thursday, January 14, the company rating was initiated by Drexel Hamilton. M Partners maintained the stock with “Neutral” rating in Wednesday, October 21 report. The firm earned “Buy” rating on Monday, September 28 by B. Riley & Co.
Among 7 analysts covering Carolina Financial Corporation (NASDAQ:CARO), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Carolina Financial Corporation had 16 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, April 7 by Raymond James. The stock of Carolina Financial Corp (NASDAQ:CARO) earned “Strong Buy” rating by Raymond James on Friday, December 18. The stock of Carolina Financial Corp (NASDAQ:CARO) has “Hold” rating given on Thursday, July 20 by Stephens. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the shares of CARO in report on Friday, July 7 with “Buy” rating. The stock of Carolina Financial Corp (NASDAQ:CARO) earned “Buy” rating by Brean Capital on Tuesday, June 13. The firm has “Buy” rating given on Friday, October 20 by Brean Capital. Stephens maintained Carolina Financial Corp (NASDAQ:CARO) on Monday, June 12 with “Hold” rating. Raymond James upgraded Carolina Financial Corp (NASDAQ:CARO) on Tuesday, June 13 to “Strong Buy” rating. The stock of Carolina Financial Corp (NASDAQ:CARO) has “Buy” rating given on Wednesday, November 9 by Sandler O’Neill. See Carolina Financial Corp (NASDAQ:CARO) latest ratings:
20/10/2017 Broker: Brean Capital Rating: Buy New Target: $37.0 Maintain03/10/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $38.0 Maintain02/08/2017 Broker: Brean Capital Rating: Buy Maintain20/07/2017 Broker: Stephens Rating: Hold New Target: $34.0000 Maintain07/07/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $38.0000 Maintain13/06/2017 Broker: Brean Capital Rating: Buy Upgrade12/06/2017 Broker: Stephens Rating: Hold Maintain13/06/2017 Broker: Raymond James Old Rating: Outperform New Rating: Strong Buy Upgrade
Regal Entertainment Group is an operator of theatre circuits in the United States. The company has market cap of $2.57 billion. 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. It has a 15.92 P/E ratio. The Firm manages its business under theatre exhibition activities segment.
Analysts await Regal Entertainment Group (NYSE:RGC) to report earnings on October, 26. They expect $0.13 EPS, down 55.17% or $0.16 from last year’s $0.29 per share. RGC’s profit will be $19.89 million for 32.31 P/E if the $0.13 EPS becomes a reality. After $0.16 actual EPS reported by Regal Entertainment Group for the previous quarter, Wall Street now forecasts -18.75% negative EPS growth.
Investors sentiment increased to 1.41 in Q2 2017. Its up 0.58, from 0.83 in 2017Q1. It increased, as 33 investors sold Regal Entertainment Group shares while 66 reduced holdings. 47 funds opened positions while 93 raised stakes. 126.40 million shares or 7.66% more from 117.40 million shares in 2017Q1 were reported. Glenmede Comm Na owns 1,100 shares. Payden & Rygel, California-based fund reported 623,300 shares. Us Natl Bank De invested in 0% or 22,705 shares. Deutsche Bancorporation Ag accumulated 1.57 million shares. General Inc has 0.96% invested in Regal Entertainment Group (NYSE:RGC) for 465,800 shares. California-based Wells Fargo And Com Mn has invested 0% in Regal Entertainment Group (NYSE:RGC). Swiss National Bank owns 190,000 shares or 0% of their US portfolio. 206,031 are held by California State Teachers Retirement. Carlson Cap Limited Partnership accumulated 482,765 shares. Tcw Grp Inc Inc reported 0.1% in Regal Entertainment Group (NYSE:RGC). Dalton Greiner Hartman Maher & has 19,763 shares for 0.02% of their portfolio. Cornerstone Capital Management Holding Ltd Liability, a New York-based fund reported 291,489 shares. Congress Asset Management Com Ma owns 316,847 shares. Camelot Portfolios Ltd Liability holds 0.21% of its portfolio in Regal Entertainment Group (NYSE:RGC) for 20,941 shares. Jpmorgan Chase accumulated 63,656 shares.
About 2,000 shares traded. Regal Entertainment Group (NYSE:RGC) has declined 1.35% since October 25, 2016 and is downtrending. It has underperformed by 18.05% the S&P500.
It closed at $37.2 lastly. It is down 61.84% since October 25, 2016 and is uptrending. It has outperformed by 45.14% the S&P500.
Carolina Financial Corporation is a bank holding company. The company has market cap of $601.13 million. The Firm operates through CresCom Bank , a state-chartered commercial bank. It has a 20.44 P/E ratio. The Firm operates through three divisions: community banking, wholesale mortgage banking (mortgage banking) and other.

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