Q4 2017 EPS Estimates for AMC Entertainment Holdings, Inc. (AMC) Lowered by Wedbush
AMC Entertainment Holdings, Inc. (NYSE:AMC) – Wedbush cut their Q4 2017 EPS estimates for AMC Entertainment Holdings in a research report issued on Monday. Wedbush analyst M. Pachter now anticipates that the company will earn $0.45 per share for the quarter, down from their previous estimate of $0.55. Wedbush has a “Buy” rating on the stock.
A number of other equities analysts also recently commented on the company. Loop Capital restated a “buy” rating and issued a $33.00 target price (down from $39.00) on shares of AMC Entertainment Holdings in a research note on Wednesday, August 2nd. Benchmark Co. downgraded AMC Entertainment Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a research note on Monday, June 26th. Piper Jaffray Companies set a $25.00 target price on AMC Entertainment Holdings and gave the company an “overweight” rating in a research note on Sunday. Finally, Credit Suisse Group decreased their target price on AMC Entertainment Holdings from $26.00 to $20.00 and set an “underperform” rating for the company in a research note on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. AMC Entertainment Holdings has an average rating of “Hold” and an average price target of $29.96.
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Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 16.10 on Tuesday. The firm has a market capitalization of $2.11 billion, a PE ratio of 18.38 and a beta of 1.31. The company has a 50 day moving average price of $22.18 and a 200-day moving average price of $27.80. AMC Entertainment Holdings has a 12 month low of $16.05 and a 12 month high of $35.65.
AMC Entertainment Holdings (NYSE:AMC) last announced its earnings results on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $1.41. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.61%. The firm’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share.
AMC Entertainment Holdings announced that its Board of Directors has approved a stock buyback program on Thursday, August 3rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 58% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, September 8th. This represents a $0.80 annualized dividend and a yield of 4.97%. AMC Entertainment Holdings’s payout ratio is -125.00%.
In other news, CEO Adam M. Aron bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were purchased at an average price of $24.72 per share, with a total value of $247,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 90,426 shares in the company, valued at $2,235,330.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin M. Connor bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average cost of $23.52 per share, for a total transaction of $94,080.00. Following the acquisition, the senior vice president now owns 40,705 shares of the company’s stock, valued at $957,381.60. The disclosure for this purchase can be found here. 0.80% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of AMC Entertainment Holdings by 59.8% in the first quarter. Vanguard Group Inc. now owns 4,840,316 shares of the company’s stock valued at $152,228,000 after buying an additional 1,811,552 shares during the last quarter. BlackRock Inc. boosted its stake in shares of AMC Entertainment Holdings by 46,484.0% in the first quarter. BlackRock Inc. now owns 3,352,184 shares of the company’s stock valued at $105,428,000 after buying an additional 3,344,988 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of AMC Entertainment Holdings by 0.3% in the first quarter. Janus Capital Management LLC now owns 2,417,897 shares of the company’s stock valued at $76,043,000 after buying an additional 8,318 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of AMC Entertainment Holdings during the first quarter valued at approximately $73,011,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of AMC Entertainment Holdings by 16.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,487,448 shares of the company’s stock valued at $46,780,000 after buying an additional 211,172 shares during the last quarter. 42.02% of the stock is currently 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. 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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