AMC Entertainment Holdings Inc. (AMC) to Post FY2018 Earnings of $1.47 Per Share, B. Riley Forecasts
AMC Entertainment Holdings Inc. (NYSE:AMC) – Research analysts at B. Riley issued their FY2018 EPS estimates for AMC Entertainment Holdings in a report released on Thursday. B. Riley analyst E. Wold expects that the brokerage will post earnings of $1.47 per share for the year. B. Riley has a “Buy” rating and a $37.00 price objective on the stock.
A number of other research analysts also recently issued reports on AMC. Credit Suisse Group AG initiated coverage on AMC Entertainment Holdings in a research note on Monday, June 13th. They set an “outperform” rating and a $34.00 price target on the stock. Wedbush restated an “outperform” rating and set a $33.00 price target on shares of AMC Entertainment Holdings in a research note on Friday, July 15th. MKM Partners restated a “buy” rating and set a $33.00 price target on shares of AMC Entertainment Holdings in a research note on Sunday, July 17th. Zacks Investment Research downgraded AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, FBR & Co raised their price target on AMC Entertainment Holdings from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 26th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $32.50.
Shares of AMC Entertainment Holdings (NYSE:AMC) traded down 0.5065% during mid-day trading on Friday, hitting $32.2956. The company had a trading volume of 167,739 shares. The firm has a 50-day moving average price of $30.88 and a 200 day moving average price of $29.04. AMC Entertainment Holdings has a 12 month low of $19.28 and a 12 month high of $32.83. The firm has a market capitalization of $3.14 billion, a P/E ratio of 29.9033 and a beta of 1.56.
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AMC Entertainment Holdings (NYSE:AMC) last announced its earnings results on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The business had revenue of $764 million for the quarter, compared to analyst estimates of $772.99 million. AMC Entertainment Holdings had a return on equity of 6.83% and a net margin of 3.53%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Tuesday, September 6th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 2.46%. AMC Entertainment Holdings’s dividend payout ratio is currently 74.77%.
In other AMC Entertainment Holdings news, CEO Adam M. Aron purchased 10,000 shares of AMC Entertainment Holdings stock in a transaction dated Monday, August 8th. The stock was acquired at an average cost of $28.80 per share, with a total value of $288,000.00. Following the acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $576,000. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.29% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of AMC Entertainment Holdings by 290.2% in the second quarter. BlackRock Inc. now owns 5,463 shares of the company’s stock valued at $151,000 after buying an additional 4,063 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of AMC Entertainment Holdings during the second quarter valued at about $208,000. B. Riley Financial Inc. purchased a new position in shares of AMC Entertainment Holdings during the second quarter valued at about $218,000. AXA purchased a new position in shares of AMC Entertainment Holdings during the first quarter valued at about $238,000. Finally, Blackstone Group L.P. purchased a new position in shares of AMC Entertainment Holdings during the second quarter valued at about $246,000. 21.59% of the stock is owned by hedge funds and other institutional investors.
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. The Company operates through theatrical exhibition operations segment.
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