AMC Entertainment Holdings, Inc. (AMC) to Release Quarterly Earnings on Monday
AMC Entertainment Holdings, Inc. (NYSE:AMC) is set to announce its earnings results before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of ($0.29) per share for the quarter.
AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings results on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 during 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% compared to the same quarter last year. On average, analysts expect AMC Entertainment Holdings to post $-1.11 EPS for the current fiscal year and $0.49 EPS for the next fiscal year.
AMC Entertainment Holdings, Inc. (NYSE:AMC) opened at 14.75 on Monday. AMC Entertainment Holdings, Inc. has a 12-month low of $12.05 and a 12-month high of $35.65. The firm has a 50-day moving average of $14.81 and a 200 day moving average of $20.32. The stock’s market capitalization is $1.93 billion.
AMC Entertainment Holdings announced that its Board of Directors has authorized a share buyback plan on Thursday, August 3rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 58% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/30/amc-entertainment-holdings-inc-amc-to-release-quarterly-earnings-on-monday.html.
In other news, CEO Adam M. Aron bought 35,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were acquired at an average price of $15.79 per share, with a total value of $552,650.00. Following the completion of the acquisition, the chief executive officer now directly owns 125,426 shares in the company, valued at $1,980,476.54. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jack Qunyao Gao bought 7,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $13.47 per share, for a total transaction of $94,290.00. Following 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. In the last ninety days, insiders bought 62,000 shares of company stock worth $896,940. Insiders own 0.80% of the company’s stock.
AMC has been the topic of a number of analyst reports. Barclays PLC set a $16.00 price objective on shares of AMC Entertainment Holdings and gave the company a “hold” rating in a report on Tuesday, August 29th. Zacks Investment Research upgraded shares of AMC Entertainment Holdings from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, October 17th. Citigroup Inc. restated a “buy” rating and issued a $21.00 price objective (down from $30.00) on shares of AMC Entertainment Holdings in a report on Monday, September 11th. Loop Capital restated a “buy” rating and issued a $39.00 price objective on shares of AMC Entertainment Holdings in a report on Monday, July 10th. Finally, William Blair initiated coverage on shares of AMC Entertainment Holdings in a report on Friday, July 21st. They issued a “market perform” rating on the stock. Three 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. The stock presently has a consensus rating of “Hold” and an average target price of $26.46.
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.
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.