AMC Entertainment Holdings Inc. (AMC) Expected to Earn Q3 2016 Earnings of $0.31 Per Share
AMC Entertainment Holdings Inc. (NYSE:AMC) – Equities researchers at FBR & Co lowered their Q3 2016 earnings per share (EPS) estimates for shares of AMC Entertainment Holdings in a report issued on Monday. FBR & Co analyst B. Crockett now expects that the firm will post earnings per share of $0.31 for the quarter, down from their previous forecast of $0.39. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for AMC Entertainment Holdings’ FY2016 earnings at $1.23 EPS.
AMC has been the topic of a number of other reports. Loop Capital started coverage on AMC Entertainment Holdings in a research report on Tuesday, August 23rd. They set a “buy” rating and a $35.00 target price on the stock. Wedbush reiterated a “buy” rating and issued a $33.00 price objective on shares of AMC Entertainment Holdings in a report on Wednesday, August 3rd. Credit Suisse Group AG started coverage on AMC Entertainment Holdings in a report on Monday, June 13th. They issued an “outperform” rating and a $34.00 price objective on the stock. Zacks Investment Research upgraded AMC Entertainment Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, MKM Partners reiterated a “buy” rating and issued a $33.00 price objective on shares of AMC Entertainment Holdings in a report on Sunday, July 17th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. AMC Entertainment Holdings has a consensus rating of “Buy” and a consensus target price of $32.50.
AMC Entertainment Holdings (NYSE:AMC) traded down 1.86% on Tuesday, hitting $31.70. The stock had a trading volume of 83,128 shares. The stock has a market cap of $3.08 billion, a PE ratio of 29.35 and a beta of 1.56. AMC Entertainment Holdings has a 12 month low of $19.28 and a 12 month high of $32.83. The firm’s 50 day moving average price is $31.01 and its 200-day moving average price is $29.10.
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AMC Entertainment Holdings (NYSE:AMC) last released its earnings results on Monday, August 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $764 million for the quarter, compared to the consensus estimate of $772.99 million. AMC Entertainment Holdings had a net margin of 3.53% and a return on equity of 6.83%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS.
The company also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Tuesday, September 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, September 1st. AMC Entertainment Holdings’s payout ratio is presently 74.77%.
In other news, CEO Adam M. Aron purchased 10,000 shares of AMC Entertainment Holdings stock in a transaction dated Monday, August 8th. The shares were purchased at an average price of $28.80 per share, with a total value of $288,000.00. Following the transaction, the chief executive officer now owns 20,000 shares in the company, valued at $576,000. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.29% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its stake in AMC Entertainment Holdings by 2.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 70,988 shares of the company’s stock valued at $1,960,000 after buying an additional 1,452 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in AMC Entertainment Holdings during the second quarter valued at approximately $218,000. Highbridge Capital Management LLC purchased a new stake in AMC Entertainment Holdings during the second quarter valued at approximately $793,000. Blackstone Group L.P. purchased a new stake in AMC Entertainment Holdings during the second quarter valued at approximately $246,000. Finally, AQR Capital Management LLC raised its stake in AMC Entertainment Holdings by 28.5% in the second quarter. AQR Capital Management LLC now owns 103,277 shares of the company’s stock valued at $2,851,000 after buying an additional 22,932 shares during the last quarter. 21.59% of the stock is currently owned by hedge funds and other institutional investors.
AMC Entertainment Holdings 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. The Company operates through theatrical exhibition operations segment.
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