AMC Entertainment Holdings, Inc. (NYSE:AMC) – Wedbush lowered their Q3 2017 earnings per share estimates for shares of AMC Entertainment Holdings in a research report issued on Monday. Wedbush analyst M. Pachter now forecasts that the company will post earnings per share of ($0.36) for the quarter, down from their previous estimate of ($0.32). Wedbush currently has a “Buy” rating and a $22.75 target price on the stock. Wedbush also issued estimates for AMC Entertainment Holdings’ Q4 2017 earnings at $0.57 EPS, FY2017 earnings at ($1.06) EPS, Q2 2018 earnings at ($0.04) EPS and Q3 2018 earnings at ($0.12) EPS.

AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings results on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.41). AMC Entertainment Holdings had a negative return on equity of 3.44% and a negative net margin of 2.49%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. AMC Entertainment Holdings’s revenue for the quarter was up 57.3% on a year-over-year basis. TRADEMARK VIOLATION WARNING: This piece was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/12/q3-2017-eps-estimates-for-amc-entertainment-holdings-inc-cut-by-wedbush-amc.html.

Several other research firms have also recently issued reports on AMC. Royal Bank Of Canada cut their price objective on shares of AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, August 8th. Barclays PLC cut shares of AMC Entertainment Holdings from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $31.00 to $25.00 in a research report on Wednesday, July 19th. MKM Partners reiterated a “buy” rating and set a $28.00 price target on shares of AMC Entertainment Holdings in a research report on Monday, September 18th. ValuEngine cut shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. AMC Entertainment Holdings has an average rating of “Hold” and an average price target of $27.39.

AMC Entertainment Holdings (NYSE AMC) opened at 13.75 on Thursday. The stock’s market capitalization is $1.80 billion. AMC Entertainment Holdings has a 1-year low of $12.05 and a 1-year high of $35.65. The company’s 50 day moving average is $14.63 and its 200-day moving average is $21.71.

Several large investors have recently modified their holdings of AMC. Russell Investments Group Ltd. lifted its position in shares of AMC Entertainment Holdings by 897.0% during the 1st quarter. Russell Investments Group Ltd. now owns 80,049 shares of the company’s stock worth $2,517,000 after buying an additional 72,020 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of AMC Entertainment Holdings by 70.4% in the 1st quarter. Wells Fargo & Company MN now owns 48,634 shares of the company’s stock valued at $1,529,000 after acquiring an additional 20,090 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of AMC Entertainment Holdings by 241.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 5,558 shares of the company’s stock valued at $174,000 after acquiring an additional 3,932 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of AMC Entertainment Holdings by 35.7% in the 1st quarter. Bank of New York Mellon Corp now owns 440,593 shares of the company’s stock valued at $13,856,000 after acquiring an additional 115,861 shares during the period. Finally, Swiss National Bank increased its holdings in shares of AMC Entertainment Holdings by 100.8% in the 1st quarter. Swiss National Bank now owns 85,641 shares of the company’s stock valued at $2,693,000 after acquiring an additional 43,000 shares during the period. Institutional investors and hedge funds own 46.99% of the company’s stock.

In related news, CEO Adam M. Aron acquired 35,000 shares of AMC Entertainment Holdings stock in a transaction dated Thursday, September 14th. The stock was acquired at an average price of $15.79 per share, for a total transaction of $552,650.00. Following the transaction, the chief executive officer now owns 125,426 shares of the company’s stock, valued at $1,980,476.54. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jack Qunyao Gao acquired 7,000 shares of AMC Entertainment Holdings stock in a transaction dated Wednesday, August 16th. The shares were bought at an average price of $13.47 per share, with a total value of $94,290.00. Following the transaction, the director now directly owns 10,500 shares in the company, valued at approximately $141,435. The disclosure for this purchase can be found here. Insiders have bought a total of 62,000 shares of company stock valued at $896,940 in the last 90 days. Insiders own 0.80% of the company’s stock.

The business also recently disclosed 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 annualized dividend and a dividend yield of 5.82%. AMC Entertainment Holdings’s dividend payout ratio is presently -125.00%.

AMC Entertainment Holdings declared that its Board of Directors has approved a share repurchase plan on Thursday, August 3rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 58% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.

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

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