“We expect consolidated revenues to increase 6.9% in 2018 to about $5.43 billion (with some currency tailwinds), after 57% growth in 2017, which included some notable recent acquisitions in the U.S., U.K. and Nordic markets. We expect some improvement in attendance per screen in the U.S. and international markets, aided by the customer loyalty program.”,” the firm’s analyst commented.
Other equities research analysts also recently issued research reports about the company. Barrington Research restated a buy rating and set a $20.00 price target on shares of AMC Entertainment in a report on Friday, May 11th. B. Riley upped their price target on AMC Entertainment to $27.50 and gave the stock a buy rating in a report on Tuesday, May 8th. Wedbush upgraded AMC Entertainment to a buy rating and set a $25.00 price target on the stock in a report on Tuesday, May 8th. MKM Partners upped their price target on AMC Entertainment from $20.00 to $23.00 and gave the stock a buy rating in a report on Tuesday, April 17th. Finally, Benchmark upgraded AMC Entertainment from a hold rating to a buy rating and set a $20.00 price target on the stock in a report on Thursday, June 21st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. AMC Entertainment has a consensus rating of Hold and a consensus price target of $21.27.
Shares of AMC Entertainment opened at $15.60 on Wednesday, according to MarketBeat Ratings. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.31. AMC Entertainment has a 1-year low of $10.80 and a 1-year high of $24.20. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -17.53, a P/E/G ratio of 11.49 and a beta of 0.77.
AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Monday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.12. AMC Entertainment had a negative return on equity of 7.13% and a negative net margin of 9.22%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the business earned $0.07 EPS. AMC Entertainment’s revenue was up 8.0% on a year-over-year basis. research analysts expect that AMC Entertainment will post 0.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 25th. Stockholders of record on Monday, June 11th were given a dividend of $0.20 per share. The ex-dividend date was Friday, June 8th. This represents a $0.80 annualized dividend and a dividend yield of 5.13%. AMC Entertainment’s dividend payout ratio is currently -89.89%.
In related news, CMO Stephen A. Colanero sold 5,364 shares of the company’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $15.95, for a total value of $85,555.80. Following the completion of the sale, the chief marketing officer now directly owns 69,536 shares of the company’s stock, valued at approximately $1,109,099.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Carla C. Sanders sold 6,000 shares of the company’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $14.76, for a total value of $88,560.00. Following the completion of the sale, the senior vice president now directly owns 15,992 shares of the company’s stock, valued at $236,041.92. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eaton Vance Management boosted its position in shares of AMC Entertainment by 57.3% in the 4th quarter. Eaton Vance Management now owns 85,000 shares of the company’s stock valued at $1,284,000 after purchasing an additional 30,975 shares during the period. First Trust Advisors LP acquired a new stake in shares of AMC Entertainment in the 4th quarter valued at about $1,601,000. ICM Asset Management Inc. WA acquired a new stake in shares of AMC Entertainment in the 4th quarter valued at about $794,000. Castle Creek Arbitrage LLC acquired a new stake in shares of AMC Entertainment in the 1st quarter valued at about $281,000. Finally, California Public Employees Retirement System boosted its position in shares of AMC Entertainment by 66.9% in the 4th quarter. California Public Employees Retirement System now owns 102,276 shares of the company’s stock valued at $1,544,000 after purchasing an additional 40,998 shares during the period. 41.59% of the stock is owned by hedge funds and other institutional investors.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.
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