AMC Entertainment Holdings, Inc. (NYSE:AMC) – Equities research analysts at Barrington Research reduced their Q4 2017 earnings per share estimates for shares of AMC Entertainment Holdings in a research report issued on Thursday. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of $0.29 for the quarter, down from their prior estimate of $0.36. Barrington Research has a “Outperform” rating and a $23.00 price objective on the stock.
AMC Entertainment Holdings (NYSE:AMC) last announced its earnings results on Monday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.04). The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. AMC Entertainment Holdings had a negative return on equity of 6.20% and a negative net margin of 3.87%. The company’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. COPYRIGHT VIOLATION WARNING: This news story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://ledgergazette.com/2017/11/18/barrington-research-comments-on-amc-entertainment-holdings-inc-s-q4-2017-earnings-amc.html.
Several other brokerages also recently weighed in on AMC. Royal Bank Of Canada reduced their target price on AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, August 8th. Wedbush set a $23.00 target price on AMC Entertainment Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded AMC Entertainment Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. MKM Partners reaffirmed a “buy” rating and set a $28.00 target price on shares of AMC Entertainment Holdings in a research note on Monday, September 18th. Finally, ValuEngine downgraded AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.78.
AMC Entertainment Holdings (AMC) opened at $12.95 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01. AMC Entertainment Holdings has a 52 week low of $10.80 and a 52 week high of $35.50.
AMC Entertainment Holdings declared that its Board of Directors has approved a share repurchase plan on Thursday, August 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 58% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend is Friday, December 1st. AMC Entertainment Holdings’s payout ratio is currently -61.07%.
In other AMC Entertainment Holdings news, CEO Adam M. Aron purchased 35,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was acquired at an average cost of $15.79 per share, for a total transaction of $552,650.00. Following the acquisition, the chief executive officer now owns 125,426 shares in the company, valued at approximately $1,980,476.54. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $6.09, for a total value of $73,080,000.00. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of AMC Entertainment Holdings by 59.8% during the 1st quarter. Vanguard Group Inc. now owns 4,840,316 shares of the company’s stock worth $152,228,000 after purchasing an additional 1,811,552 shares during the period. Janus Henderson Group PLC boosted its holdings in AMC Entertainment Holdings by 47.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,142,367 shares of the company’s stock valued at $60,893,000 after acquiring an additional 1,338,462 shares during the period. Schroder Investment Management Group boosted its holdings in AMC Entertainment Holdings by 409.9% during the 2nd quarter. Schroder Investment Management Group now owns 3,867,048 shares of the company’s stock valued at $91,456,000 after acquiring an additional 3,108,645 shares during the period. Baupost Group LLC MA purchased a new position in AMC Entertainment Holdings during the 3rd quarter valued at about $52,411,000. Finally, BlackRock Inc. boosted its holdings in AMC Entertainment Holdings by 46,484.0% during the 1st quarter. BlackRock Inc. now owns 3,352,184 shares of the company’s stock valued at $105,428,000 after acquiring an additional 3,344,988 shares during the period. Institutional investors and hedge funds own 46.75% of the company’s stock.
About AMC Entertainment Holdings
AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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