Wall Street brokerages forecast that AMC Entertainment Holdings, Inc. (NYSE:AMC) will announce $1.17 billion in sales for the current quarter, Zacks reports. Four analysts have made estimates for AMC Entertainment Holdings’ earnings, with estimates ranging from $1.14 billion to $1.19 billion. AMC Entertainment Holdings posted sales of $779.77 million in the same quarter last year, which suggests a positive year over year growth rate of 50%. The firm is scheduled to announce its next quarterly earnings report on Monday, November 6th.

On average, analysts expect that AMC Entertainment Holdings will report full year sales of $1.17 billion for the current financial year, with estimates ranging from $5.11 billion to $5.18 billion. For the next fiscal year, analysts forecast that the firm will report sales of $5.40 billion per share, with estimates ranging from $5.34 billion to $5.48 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow AMC Entertainment Holdings.

AMC Entertainment Holdings (NYSE:AMC) last issued its earnings results on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($1.41). AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s revenue was up 57.3% on a year-over-year basis.

AMC has been the subject of several recent analyst reports. Citigroup Inc. dropped their price objective on shares of AMC Entertainment Holdings from $36.00 to $35.00 and set a “buy” rating for the company in a report on Friday, June 9th. MKM Partners reaffirmed a “buy” rating and set a $36.00 price objective (down previously from $45.00) on shares of AMC Entertainment Holdings in a report on Friday, June 9th. Credit Suisse Group AG dropped their price objective on shares of AMC Entertainment Holdings from $26.00 to $20.00 and set an “underperform” rating for the company in a report on Friday, June 23rd. BidaskClub cut shares of AMC Entertainment Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Finally, Loop Capital reissued a “buy” rating and set a $39.00 price target on shares of AMC Entertainment Holdings in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.39.

AMC Entertainment Holdings (AMC) opened at 16.05 on Friday. The firm’s market capitalization is $2.10 billion. AMC Entertainment Holdings has a 52 week low of $12.05 and a 52 week high of $35.65. The firm has a 50-day moving average price of $14.49 and a 200-day moving average price of $22.23.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Monday, September 11th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.98%. AMC Entertainment Holdings’s dividend payout ratio is -125.00%.

AMC Entertainment Holdings declared that its Board of Directors has authorized a share repurchase program on Thursday, August 3rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 58% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

In related news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $6.09, for a total transaction of $73,080,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack Qunyao Gao acquired 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average price of $13.47 per share, for a total transaction of $94,290.00. Following the completion of the acquisition, the director now owns 10,500 shares of the company’s stock, valued at $141,435. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 62,000 shares of company stock worth $896,940. Insiders own 0.80% of the company’s stock.

Large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of AMC Entertainment Holdings during the first quarter worth $141,000. Pacer Advisors Inc. acquired a new stake in shares of AMC Entertainment Holdings during the first quarter worth $157,000. Seven Eight Capital LP acquired a new stake in shares of AMC Entertainment Holdings during the second quarter worth $125,000. Great West Life Assurance Co. Can raised its holdings in shares of AMC Entertainment Holdings by 241.8% during the first quarter. Great West Life Assurance Co. Can now owns 5,558 shares of the company’s stock worth $174,000 after acquiring an additional 3,932 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of AMC Entertainment Holdings by 574.5% during the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock worth $162,000 after acquiring an additional 6,055 shares during the period. Institutional investors and hedge funds own 46.99% of the company’s stock.

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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. 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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Earnings History and Estimates for AMC Entertainment Holdings (NYSE:AMC)

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