Equities research analysts expect AMC Entertainment Holdings, Inc. (NYSE:AMC) to report sales of $1.44 billion for the current quarter, Zacks reports. Four analysts have issued estimates for AMC Entertainment’s earnings, with the highest sales estimate coming in at $1.51 billion and the lowest estimate coming in at $1.41 billion. AMC Entertainment posted sales of $926.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 55.5%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that AMC Entertainment will report full year sales of $1.44 billion for the current financial year, with estimates ranging from $5.07 billion to $5.17 billion. For the next year, analysts anticipate that the business will post sales of $5.32 billion per share, with estimates ranging from $5.24 billion to $5.41 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for AMC Entertainment.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.04). The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. The company’s revenue was up 51.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share.

A number of research firms have recently commented on AMC. B. Riley reaffirmed a “buy” rating and set a $32.50 target price on shares of AMC Entertainment in a research note on Thursday, August 10th. Barrington Research reaffirmed an “outperform” rating and set a $23.00 target price on shares of AMC Entertainment in a research note on Tuesday, August 8th. Loop Capital reaffirmed a “buy” rating and set a $33.00 target price (down previously from $39.00) on shares of AMC Entertainment in a research note on Tuesday, August 8th. Royal Bank Of Canada cut their target price on AMC Entertainment from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. Finally, Wedbush reaffirmed a “buy” rating and set a $22.75 target price (down previously from $36.00) on shares of AMC Entertainment in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. AMC Entertainment currently has an average rating of “Hold” and an average price target of $25.78.

AMC Entertainment (AMC) opened at $14.00 on Friday. AMC Entertainment has a 52 week low of $10.80 and a 52 week high of $35.50. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.53 and a current ratio of 0.53.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.71%. AMC Entertainment’s payout ratio is -62.50%.

In related news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $6.09, for a total value of $73,080,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam M. Aron purchased 35,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $15.79 per share, with a total value of $552,650.00. Following the acquisition, the chief executive officer now directly owns 125,426 shares of the company’s stock, valued at approximately $1,980,476.54. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC lifted its holdings in AMC Entertainment by 81.6% during the first quarter. Teachers Advisors LLC now owns 90,231 shares of the company’s stock worth $2,838,000 after buying an additional 40,538 shares during the period. Legal & General Group Plc lifted its holdings in AMC Entertainment by 75.2% during the first quarter. Legal & General Group Plc now owns 12,781 shares of the company’s stock worth $402,000 after buying an additional 5,484 shares during the period. Morgan Stanley lifted its holdings in AMC Entertainment by 4.7% during the first quarter. Morgan Stanley now owns 126,529 shares of the company’s stock worth $3,979,000 after buying an additional 5,633 shares during the period. State Street Corp lifted its holdings in AMC Entertainment by 84.1% during the first quarter. State Street Corp now owns 965,230 shares of the company’s stock worth $30,356,000 after buying an additional 441,025 shares during the period. Finally, Credit Suisse AG lifted its holdings in AMC Entertainment by 128.7% during the first quarter. Credit Suisse AG now owns 55,993 shares of the company’s stock worth $1,760,000 after buying an additional 31,506 shares during the period. Hedge funds and other institutional investors own 48.59% of the company’s stock.

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AMC Entertainment 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 (NYSE:AMC)

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