Wall Street analysts expect AMC Entertainment Holdings Inc (NYSE:AMC) to announce $1.44 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for AMC Entertainment’s earnings, with the lowest sales estimate coming in at $1.41 billion and the highest estimate coming in at $1.51 billion. AMC Entertainment posted sales of $926.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 55.5%. The firm is expected to issue its next earnings results on Tuesday, February 27th.
On average, analysts expect that AMC Entertainment will report full-year sales of $1.44 billion for the current financial year, with estimates ranging from $5.07 billion to $5.17 billion. For the next year, analysts forecast that the business will report sales of $5.32 billion per share, with estimates ranging from $5.24 billion to $5.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for AMC Entertainment.
AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Monday, November 6th. The company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.04). AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted $0.31 earnings per share. The firm’s revenue for the quarter was up 51.2% compared to the same quarter last year.
Several research analysts recently issued reports on the stock. B. Riley set a $30.00 price target on shares of AMC Entertainment and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Credit Suisse Group decreased their price target on shares of AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating for the company in a research note on Tuesday, November 7th. Wedbush reiterated a “buy” rating and issued a $15.50 price target on shares of AMC Entertainment in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of AMC Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Finally, MKM Partners reiterated a “buy” rating and issued a $28.00 price target on shares of AMC Entertainment in a research note on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. AMC Entertainment has a consensus rating of “Hold” and a consensus price target of $25.78.
Shares of AMC Entertainment (AMC) traded up $0.15 during midday trading on Friday, reaching $14.45. 3,156,044 shares of the company’s stock traded hands, compared to its average volume of 2,325,422. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.53 and a quick ratio of 0.53. AMC Entertainment has a 1-year low of $10.80 and a 1-year high of $35.50.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend is Friday, December 1st. AMC Entertainment’s dividend payout ratio (DPR) is -62.50%.
In related news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $6.09, for a total transaction of $73,080,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam M. Aron acquired 35,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average cost of $15.79 per share, for a total transaction of $552,650.00. Following the completion of the transaction, the chief executive officer now directly owns 125,426 shares in the company, valued at approximately $1,980,476.54. The disclosure for this purchase can be found here. Corporate insiders own 0.80% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. grew its position in AMC Entertainment by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after purchasing an additional 372 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of AMC Entertainment during the 2nd quarter valued at about $125,000. Pacer Advisors Inc. boosted its holdings in shares of AMC Entertainment by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after acquiring an additional 601 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of AMC Entertainment by 574.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after acquiring an additional 6,055 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of AMC Entertainment by 1,837.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,170 shares of the company’s stock valued at $163,000 after acquiring an additional 6,800 shares during the last quarter. 48.60% of the stock is currently owned by institutional investors.
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AMC Entertainment Company Profile
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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