AMC Entertainment Holdings Inc (AMC) Expected to Announce Earnings of $0.31 Per Share

Wall Street analysts predict that AMC Entertainment Holdings Inc (NYSE:AMC) will report $0.31 earnings per share for the current quarter, Zacks reports. Four analysts have provided estimates for AMC Entertainment’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.25. AMC Entertainment reported earnings per share of $0.37 in the same quarter last year, which would suggest a negative year over year growth rate of 16.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that AMC Entertainment will report full year earnings of ($1.24) per share for the current year, with EPS estimates ranging from ($1.35) to ($1.08). For the next financial year, analysts forecast that the business will report earnings of $0.30 per share, with EPS estimates ranging from $0.17 to $0.57. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for 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). The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. The business’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share.

Several equities research analysts recently commented on AMC shares. Zacks Investment Research downgraded AMC Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Wedbush set a $21.00 target price on AMC Entertainment and gave the company a “buy” rating in a report on Wednesday, November 1st. B. Riley set a $30.00 target price on AMC Entertainment and gave the company a “buy” rating in a report on Tuesday, November 14th. Credit Suisse Group dropped their target price on AMC Entertainment from $14.00 to $12.00 and set an “underperform” rating on the stock in a report on Thursday, September 28th. Finally, Royal Bank of Canada downgraded AMC Entertainment from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 10th. Three 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 stock presently has a consensus rating of “Hold” and an average price target of $24.23.

A number of hedge funds and other institutional investors have recently modified their holdings of AMC. Baupost Group LLC MA acquired a new stake in AMC Entertainment during the 3rd quarter valued at approximately $52,411,000. Janus Henderson Group PLC acquired a new stake in AMC Entertainment during the 2nd quarter valued at approximately $63,789,000. Canyon Capital Advisors LLC acquired a new stake in AMC Entertainment during the 2nd quarter valued at approximately $44,363,000. GMT Capital Corp grew its stake in AMC Entertainment by 508.6% during the 3rd quarter. GMT Capital Corp now owns 1,954,804 shares of the company’s stock valued at $28,736,000 after purchasing an additional 1,633,604 shares in the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new stake in AMC Entertainment during the 2nd quarter valued at approximately $31,850,000. Hedge funds and other institutional investors own 48.60% of the company’s stock.

Shares of AMC Entertainment (AMC) opened at $13.20 on Friday. The company has a market capitalization of $1,702.93, a PE ratio of -10.31 and a beta of 1.37. 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 twelve month low of $10.80 and a twelve month high of $34.90.

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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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