AMC Entertainment Holdings Inc (NYSE:AMC) – Equities research analysts at William Blair issued their Q2 2018 earnings per share (EPS) estimates for AMC Entertainment in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. William Blair analyst R. Sundby forecasts that the company will post earnings per share of ($0.02) for the quarter. William Blair also issued estimates for AMC Entertainment’s Q4 2018 earnings at $0.32 EPS.
AMC has been the topic of a number of other reports. Wedbush set a $19.00 price target on shares of AMC Entertainment and gave the stock a “buy” rating in a research note on Monday, January 8th. Royal Bank of Canada downgraded shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 10th. Zacks Investment Research downgraded shares of AMC Entertainment from a “hold” rating to a “sell” rating in a research note on Monday. Finally, B. Riley reaffirmed a “buy” rating and issued a $27.50 price target (down from $30.00) on shares of AMC Entertainment in a research note on Friday, March 2nd. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.04.
AMC Entertainment (NYSE AMC) traded up $0.35 during midday trading on Monday, hitting $15.05. 1,060,000 shares of the stock were exchanged, compared to its average volume of 2,060,000. AMC Entertainment has a 1-year low of $10.80 and a 1-year high of $32.10. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $1,940.00, a P/E ratio of -3.22, a PEG ratio of 9.07 and a beta of 0.84.
AMC Entertainment (NYSE:AMC) last released its earnings results on Thursday, March 1st. The company reported ($2.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($2.41). AMC Entertainment had a negative net margin of 9.59% and a negative return on equity of 6.04%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the company earned $0.33 EPS. AMC Entertainment’s revenue for the quarter was up 53.0% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.32%. The ex-dividend date is Friday, March 9th. AMC Entertainment’s payout ratio is -17.09%.
A number of institutional investors have recently bought and sold shares of AMC. California Public Employees Retirement System increased its position in AMC Entertainment by 19.4% during the second quarter. California Public Employees Retirement System now owns 40,634 shares of the company’s stock worth $924,000 after buying an additional 6,600 shares during the last quarter. State Street Corp increased its position in AMC Entertainment by 7.1% during the second quarter. State Street Corp now owns 1,033,328 shares of the company’s stock worth $23,504,000 after buying an additional 68,098 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in AMC Entertainment by 67.5% during the second quarter. The Manufacturers Life Insurance Company now owns 43,860 shares of the company’s stock worth $998,000 after buying an additional 17,674 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in AMC Entertainment by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock worth $110,000 after buying an additional 372 shares during the last quarter. Finally, Aperio Group LLC acquired a new position in AMC Entertainment during the third quarter worth $440,000. 43.33% of the stock is currently owned by hedge funds and other institutional investors.
About AMC Entertainment
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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