Nomura Securities Maintains a 'Neutral' on Regal Entertainment (RGC); Raising PT and Estimates

Nomura Securities maintains a 'Neutral' on Regal Entertainment (NYSE: RGC) price target from $15 to $15.50.

Analyst, Robert Fishman, said, "Regal reported adjusted EPS of $0.30, well ahead of our estimate of $0.17 and consensus of $0.18. The real upside came from other operating costs, which were up 0.9% Y/Y (vs. 8% est.), despite the strong growth in attendance (+17.6%). We continue to be cautious on 2Q12 box office, given more difficult comparisons, but expect a strong 2H12 leading a record full year. Our 2012E/2013E Adj EPS goes from $0.79/$0.75 to $0.90/$0.82; and PT to $15.50 on higher estimates."

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 $13.70 yesterday.

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