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Analyst’s Earnings Estimations: Regal Entertainment Group (NYSE:RGC)

Regal Entertainment Group has 156,017,000 shares now held by shareholders which now trade around the 23.92 mark which totals Regal Entertainment Group’s market capitalisation to 3.73B Dollars. The 52 week high for the stock is 24.19 Dollars while the 52 week low for the stock is 16.5 USD.

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In the a year ago Regal Entertainment Group’s stock price has increased by 31.12% from 18.06 to 23.68. Bank of Montreal Can acquired a new stake in shares of Regal Entertainment Group during the second quarter worth $29,335,000. During the same quarter in the previous year, the company posted $0.15 EPS. The insider owns 693,222 shares which have current market value of around $16671989.MILES AMY E is another major inside shareholder in the company.

The number of Regal Entertainment Group shares in issue is 156,017,000 which have a current share price of 23.68 bringing Regal Entertainment Group’s market capitalisation to 3.69B Dollars. Following the transaction, the EVP, General Counsel, Sec.is left with a stake of 219,028 shares, now valued at $5267623. BNP Paribas Arbitrage SA increased its stake in shares of Regal Entertainment Group by 3,246.5% in the fourth quarter.

In other news, EVP Peter B. Brandow sold 49,024 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th.

Regal Entertainment Group (NYSE:RGC) reached at $24.05 price level during last trade its distance from 20 days simple moving average is 8.19%, and its distance from 50 days simple moving average is 13.50% while it has a distance of 23.13% from the 200 days simple moving average.

Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by $0.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. According to the SEC, on Jun 17, 2016, Gregory W Dunn (President and COO) sold 25,000 shares at $20.28 per share price. The company had revenue of $787.10 million for the quarter, compared to analysts expectations of $770.62 million. Following the sale, the chief operating officer now owns 104,916 shares in the company, valued at approximately $2,127,696.48. While revenue estimates for the current year is 3.13B, setting the highest revenues estimates of 3.27B and indicating lowest revenues at 3.07B according to agreement of 19 number of analysts.

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Regal Entertainment Group operates a theatre circuit in the United States. 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. It operates multi-screen theatres and has an average of around 12.8 screens per location.

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