MKM Partners on Regal Entertainment (RGC)

November 26, 2012 11:41 AM EST Send to a Friend
Get Alerts RGC Hot Sheet
Price: $20.61 +2.49%

Rating Summary:
    6 Buy, 14 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 24 | New: 30
Trade RGC Now!
Join SI Premium – FREE
Analysts at MKM Partners think Regal Entertainment (NYSE: RGC) offers investors short, medium, and long term opportunities.

"With the box office tracking ahead of expectations we are raising our 4Q estimates for Regal. Our revisions reflect an outlook for 14% box office growth in the quarter up from our prior 7% expectation (consensus is roughly 7%)," said analyst Eric Handler.

Medium term, he sees opportunity for M&A and/or a dividend hike.

"Longer term, Regal's 5.5% dividend yield provides a steady source of income that ranks in the top 5% of S&P 500 companies," said Handler.

MKM Partners has a Buy rating on Regal Entertainment with a price target of $18.00. It sees Q4 revenue of $694 million and adjusted EPS of 19 cents.

For an analyst ratings summary and ratings history on Regal Entertainment click here. For more ratings news on Regal Entertainment click here.

Shares of Regal Entertainment closed at $15.27 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Standard & Poor's, Dividend

Add Your Comment