B. Riley Reiterates Buy Ahead of Regal Entertainment Group's (RGC) 3Q15 Earnings Results

B. Riley reiterated a Buy rating and $22.00 price target on Regal Entertainment (NYSE: RGC) ahead of the company's 3Q15 earnings results. Regal Entertainment Group is scheduled to report Q3 results on Tuesday afternoon, 10/27.

Analyst Eric Wold commented, "Regal Entertainment Group is scheduled to report Q3 results on Tuesday afternoon, 10/27 and, ahead of that print, we are maintaining our revenue and EPS estimates after lowering them on 9/14 due to weaker-than-expected box office trends seen in the period. Nevertheless, we believe a sequential improvement in film rent margins after the Q2 shock should help boost investor optimism for stronger EBITDA margin flow-through during the more attractive box office environments projected for Q4 and heading into 2016/2017. We are reiterating our Buy rating and $22.00 price target."

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 $19.41 yesterday.

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