Cineworld clinches $3.6bn reverse takeover of Regal

Cineworld clinches $3.6bn reverse takeover of Regal

In case of Revenue Estimates, 13 analysts have provided their consensus Average Revenue Estimates for Regal Entertainment Group as 893.19 Million.

While looking at the Stock's Performance, Regal Entertainment Group now shows a Weekly Performance of 18.02%, where Monthly Performance is 30.24%, Quarterly performance is 32.34%, 6 Months performance is -1.16% and yearly performance percentage is -6.82%. Regal Entertainment Group has a 12-month low of $19.35 and a 12-month high of $24.79. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a market capitalization of $3,218.81, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.14.

Regal Entertainment Group (NYSE:RGC) last released its earnings results on Tuesday, October 24th. The company reported the earnings of $0.07/Share in the last quarter where the estimated EPS by analysts was $0.05/share. Regal Entertainment Group had a net margin of 4.41% and a negative return on equity of 16.36%. Ticket sales in the US and Canada are down 4% from the same time a year ago, according to ComScore. During the same quarter in the previous year, the company earned $0.27 EPS. With approval by shareholders of Regal and Cineworld and closing conditions, the deal is expected to close in 2018. The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. The rights issue is being underwritten by banks HSBC and Investec.

It is expected that the acquisition will also yield savings of $100m on an annualised pre-tax basis. The ex-dividend date is Friday, December 1st. Regal Entertainment Group's payout ratio is 101.15%. This repurchase authorization permits the company to purchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.


A number of large investors have recently modified their holdings of RGC. California State Teachers Retirement System increased its stake in shares of Regal Entertainment Group by 1.0% in the third quarter.

In related news, insider Gregory W. Dunn sold 26,050 shares of the stock in a transaction that occurred on Thursday, March 9th.

COPYRIGHT VIOLATION WARNING: "Eagle Asset Management Inc". NY grew its stake in Regal Entertainment Group by 15.8% in the third quarter.

Knoxville, Tenn. -based Regal, which is controlled by billionaire Philip Anschutz, said last week that the company was in talks to be acquired by Cineworld. Altrinsic Global Advisors LLC bought a new stake in shares of Regal Entertainment Group during the third quarter valued at approximately $18,105,000. KCG Holdings Inc. now owns 36,720 shares of the company's stock valued at $799,000 after buying an additional 15,059 shares during the last quarter.

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