Revenue Update on Regal Entertainment Group(NYSE:RGC)

Regal Entertainment Group(NYSE:RGC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $785.90M. Analysts estimated a revenue of $803.26M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.27.

In a different note, On Jul 18, 2016, RBC Capital said it Downgrades its rating on Regal Entertainment Group. The shares have been rated ‘Sector Perform’ by the firm. On Jun 15, 2016, RBC Capital said it Upgrades its rating on Regal Entertainment Group. The shares have been rated ‘Outperform’ by the firm. On Jun 13, 2016, Credit Suisse said it Assumes its rating on Regal Entertainment Group. The shares have been rated ‘Neutral’ by the firm.

Regal Entertainment Group (RGC) made into the market gainers list on Fridays trading session with the shares advancing 0.90% or 0.21 points. Due to strong positive momentum, the stock ended at $23.52, which is also near the day’s high of $23.71. The stock began the session at $23.31 and the volume stood at 8,87,974 shares. The 52-week high of the shares is $24.19 and the 52 week low is $16.5. The company has a current market capitalization of $3,688 M and it has 15,67,94,130 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 29, 2016, Peter B Brandow (EVP, General Counsel, Sec.) sold 49,024 shares at $21.51 per share price.Also, On Jun 17, 2016, Gregory W Dunn (President and COO) sold 25,000 shares at $20.28 per share price.On Mar 16, 2016, Amy E Miles (CEO) sold 103,201 shares at $21.02 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

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