Tag Archives: profits

Will 3Q be another revenue record-breaker for Regal?

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Movie theater operator Regal Entertainment Group reported record high fiscal second quarter revenues, but a slight decrease in profits. Next week, investors will find out if the trend continued in the third quarter.
The Knoxville-based company said it will post its quarterly financial report after the market closes on Oct. 24. A conference call with analysts will be held at 4:30 p.m. following release of the report.
Given a strong box office in recent months, Regal likely will report a good, if not record-breaking revenues, for the fiscal third quarter.
But what can shareholders expect in the long-run? Since the first of the year, Regal’s shares have gained more than 38 percent. Will that kind of growth continue?
Chatter from stock watchers on the Web is generally positive.
Here’s an excerpt from a Motley Fool report:
“Regal Entertainment delivered a lot of impressive numbers in Fiscal 2013, including a 3.6% increase in attendance and a 0.3% bump in average ticket price. However, comp screen attendance dropped 2.4%. The improved attendance occurred because of the company’s recent acquisitions, instead of repeat moviegoers. This likely indicates that fewer people are going to the movies than in the past, which would make Regal Entertainment’s potential to grow the top and bottom lines simultaneously very challenging. That being said, shareholders should take heart as Regal Entertainment is willing to close under-performing theaters — it closed six theaters (52 screens) in Fiscal 2013.”
A Seeking Alpha contributor is even more bullish on Regal:
“While shares of Regal Entertainment have rallied nicely from here, I believe the bull run is far from over. The movie-going business has proven to be extremely resilient, virtually immune from home watching with annual sales growth of 3%. At the same time, Regal has recognized that increased concession sales are far more lucrative than increased ticket sales and has focused its business appropriately through expanded menus and a pilot dine-at-your-seat program. These factors will help RGC grow faster than the industry while improving overall margins.”
Regal is the largest movie theater operator in the country with more than 7,300 screens in 575 theaters nationwide and Guam, Saipan, American Samoa.
Click here for the Motley Fool analysis.
Click here for the Seeking Alpha report.

Forward Air bumps dividend 43 percent

 

The air cargo business is doing well despite the sluggish economy and that means Forward Air shareholders will get a 42.9 percent dividend bump in September.

The Greeneville, Tenn.-based company said Tuesday its board has approved an increase in the cash dividend to 10 cents per share, up from the current 7 cents a share.

The dividend is payable on Sept. 7 to shareholders of record on Aug. 23.

 

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Brunswick beats expectations, profit up 44 pct.

022509searay1_jpg.JPGBrunswick Corp., parent company of Knoxville-based Sea Ray Boats, today reported a first quarter profit of $39.7 million, or 43 cents a share, easily beating analysts expectations.

The company’s earnings represent a 44 percent improvement from a profit of $27.5 million, or 30 cents a share, in the first quarter last year.

Analysts had expected earnings of 37 cents a share, according to Reuters.

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When the banks whine, watch your wallet

Big banks have done lots moaning lately. Every day, it seems, bankers are boo-hooing
PAULSON+MONEY.jpgabout financial regulations cutting into their profits. The bigger the bank the louder the sobs.

To replace lost revenues banks are charging new fees and eliminating services that previously were free. Sometimes the new fees spark a hail-storm of protest and the banks back off. Like last year’s failed debit card fee.

But are the banks really as bad off as they want us to believe?

In a word, no.

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Close corporate tax loopholes first, then cut federal tax rate

It’s a given in certain political circles that lowering the corporate federal tax rate will mean new jobs for Americans.

Unfortunately, it’s not true. Some of the biggest companies in the land, as several recent news reports have pointed out, routinely pay little or no federal taxes on their profits.

Zero!

And while paying no taxes, they have cut jobs here at home and created thousands of new jobs overseas.

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