Brokerages Expect AMC Entertainment Holdings Inc (AMC) Will Post Quarterly Sales of $1.44 Billion

Analysts forecast that AMC Entertainment Holdings Inc (NYSE:AMC) will report $1.44 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for AMC Entertainment’s earnings. The highest sales estimate is $1.51 billion and the lowest is $1.41 billion. AMC Entertainment posted sales of $926.10 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 55.5%. The firm is scheduled to issue its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that AMC Entertainment will report full-year sales of $1.44 billion for the current fiscal year, with estimates ranging from $5.07 billion to $5.17 billion. For the next financial year, analysts expect that the company will post sales of $5.31 billion per share, with estimates ranging from $5.23 billion to $5.41 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow AMC Entertainment.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Monday, November 6th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.04). AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business posted $0.31 earnings per share. The business’s quarterly revenue was up 51.2% on a year-over-year basis.

AMC has been the topic of a number of recent research reports. MKM Partners reiterated a “buy” rating and issued a $28.00 price objective on shares of AMC Entertainment in a report on Monday, September 18th. Citigroup reiterated a “buy” rating and issued a $21.00 price objective (down from $30.00) on shares of AMC Entertainment in a report on Monday, September 11th. B. Riley set a $30.00 price objective on shares of AMC Entertainment and gave the company a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded shares of AMC Entertainment 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. Finally, Wedbush reiterated a “buy” rating and issued a $15.50 price objective on shares of AMC Entertainment in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.88.

Shares of AMC Entertainment (NYSE:AMC) opened at $14.10 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01. AMC Entertainment has a fifty-two week low of $10.80 and a fifty-two week high of $34.90.

The company also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 5.67%. AMC Entertainment’s payout ratio is -62.50%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Aperio Group LLC acquired a new position in AMC Entertainment during the third quarter worth $440,000. B. Riley Financial Inc. increased its holdings in AMC Entertainment by 56.3% during the second quarter. B. Riley Financial Inc. now owns 25,985 shares of the company’s stock worth $591,000 after buying an additional 9,364 shares during the last quarter. Independent Advisor Alliance acquired a new position in AMC Entertainment during the third quarter worth $291,000. Bank of Nova Scotia acquired a new position in AMC Entertainment during the second quarter worth $1,138,000. Finally, Engineers Gate Manager LP acquired a new position in AMC Entertainment during the second quarter worth $3,941,000. Institutional investors and hedge funds own 48.60% of the company’s stock.

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About AMC Entertainment

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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