FY2016 Earnings Forecast for AMC Entertainment Holdings Inc. (AMC) Issued By Barrington Research
AMC Entertainment Holdings Inc. (NYSE:AMC) – Equities research analysts at Barrington Research increased their FY2016 earnings estimates for AMC Entertainment Holdings in a research report issued to clients and investors on Monday. Barrington Research analyst J. Goss now expects that the firm will earn $1.12 per share for the year, up from their prior forecast of $1.10.
AMC Entertainment Holdings (NYSE:AMC) last issued its earnings results on Monday, August 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by $0.03. AMC Entertainment Holdings had a return on equity of 6.83% and a net margin of 3.53%. The firm earned $764 million during the quarter, compared to analysts’ expectations of $772.99 million. During the same period in the previous year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year.
Several other equities research analysts have also issued reports on the stock. Loop Capital started coverage on shares of AMC Entertainment Holdings in a report on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 target price for the company. Zacks Investment Research lowered shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. FBR & Co reaffirmed a “buy” rating on shares of AMC Entertainment Holdings in a report on Tuesday, August 2nd. MKM Partners reaffirmed a “buy” rating and set a $33.00 price objective on shares of AMC Entertainment Holdings in a report on Sunday, July 17th. Finally, B. Riley reaffirmed a “buy” rating and set a $34.75 price objective on shares of AMC Entertainment Holdings in a report on Monday, June 27th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $32.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/fy2016-earnings-forecast-for-amc-entertainment-holdings-inc-amc-issued-by-barrington-research.html
Shares of AMC Entertainment Holdings (NYSE:AMC) traded up 0.95% on Tuesday, hitting $31.85. 36,519 shares of the company traded hands. AMC Entertainment Holdings has a 1-year low of $19.28 and a 1-year high of $32.83. The firm’s 50 day moving average price is $31.26 and its 200-day moving average price is $29.21. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 29.49 and a beta of 1.56.
The business also recently declared a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Tuesday, September 6th were given a $0.20 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.54%. AMC Entertainment Holdings’s dividend payout ratio is presently 74.77%.
In related news, CEO Adam M. Aron purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was bought at an average cost of $28.80 per share, for a total transaction of $288,000.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at $576,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.29% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. 1832 Asset Management L.P. increased its stake in shares of AMC Entertainment Holdings by 5.4% in the first quarter. 1832 Asset Management L.P. now owns 477,933 shares of the company’s stock worth $22,634,000 after buying an additional 24,486 shares in the last quarter. AXA acquired a new stake in AMC Entertainment Holdings during the first quarter worth $238,000. A.R.T. Advisors LLC raised its stake in AMC Entertainment Holdings by 26.2% in the first quarter. A.R.T. Advisors LLC now owns 38,003 shares of the company’s stock worth $1,063,000 after buying an additional 7,900 shares during the last quarter. Corbyn Investment Management Inc. MD raised its stake in AMC Entertainment Holdings by 14.7% in the second quarter. Corbyn Investment Management Inc. MD now owns 279,012 shares of the company’s stock worth $7,704,000 after buying an additional 35,675 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in AMC Entertainment Holdings during the second quarter worth $298,000. Institutional investors own 21.59% of the company’s stock.
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.
Receive News & Ratings for AMC Entertainment Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.