Wedbush set a $19.00 price objective on AMC Entertainment (NYSE:AMC) in a research note released on Tuesday, February 20th. The brokerage currently has a buy rating on the stock. Wedbush also issued estimates for AMC Entertainment’s Q4 2017 earnings at $0.25 EPS and FY2017 earnings at ($1.35) EPS.
AMC has been the subject of several other reports. Zacks Investment Research raised AMC Entertainment from a sell rating to a hold rating in a research report on Tuesday, January 2nd. Royal Bank of Canada lowered AMC Entertainment from an outperform rating to a sector perform rating in a research report on Wednesday, January 10th. B. Riley reaffirmed a buy rating and set a $30.00 target price on shares of AMC Entertainment in a research report on Monday, January 22nd. Finally, Credit Suisse Group decreased their target price on AMC Entertainment from $12.00 to $10.00 and set an underperform rating for the company in a research report on Tuesday, November 7th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company currently 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 Tuesday, reaching $15.05. The company had a trading volume of 1,060,000 shares, compared to its average volume of 2,060,000. The stock has a market cap of $1,940.00, a price-to-earnings ratio of -3.22, a P/E/G ratio of 9.07 and a beta of 0.84. AMC Entertainment has a twelve month low of $10.80 and a twelve month 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.
AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Thursday, March 1st. The company reported ($2.14) EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($2.41). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. AMC Entertainment had a negative net margin of 9.59% and a negative return on equity of 6.04%. The company’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. research analysts anticipate that AMC Entertainment will post 0.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 12th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.32%. The ex-dividend date is Friday, March 9th. AMC Entertainment’s dividend payout ratio (DPR) is currently -17.09%.
A number of institutional investors and hedge funds have recently made changes to their positions in AMC. Ameritas Investment Partners Inc. increased its holdings in AMC Entertainment by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock worth $110,000 after acquiring an additional 372 shares during the last quarter. Advisor Group Inc. increased its holdings in AMC Entertainment by 445.3% in the 4th quarter. Advisor Group Inc. now owns 9,380 shares of the company’s stock worth $141,000 after acquiring an additional 7,660 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in AMC Entertainment in the 3rd quarter worth about $147,000. Deprince Race & Zollo Inc. purchased a new stake in AMC Entertainment in the 4th quarter worth about $151,000. Finally, Financial Consulate Inc. purchased a new stake in AMC Entertainment in the 3rd quarter worth about $162,000. 43.33% of the stock is owned by institutional investors.
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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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