$1.42 Billion in Sales Expected for AMC Entertainment Holdings Inc (AMC) This Quarter

Wall Street analysts predict that AMC Entertainment Holdings Inc (NYSE:AMC) will report $1.42 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for AMC Entertainment’s earnings, with estimates ranging from $1.41 billion to $1.44 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 53.3%. The company is expected to announce its next earnings report on Tuesday, February 27th.

On average, analysts expect that AMC Entertainment will report full-year sales of $1.42 billion for the current year, with estimates ranging from $5.07 billion to $5.12 billion. For the next financial year, analysts forecast that the company will post sales of $5.29 billion per share, with estimates ranging from $5.15 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 posted its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 6.20% and a negative net margin of 3.87%. The business’s quarterly revenue was up 51.2% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS.

A number of equities analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $30.00 target price on shares of AMC Entertainment in a research note on Monday. Zacks Investment Research downgraded shares of AMC Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Wedbush set a $21.00 price target on shares of AMC Entertainment and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Credit Suisse Group decreased their target price on shares of AMC Entertainment from $14.00 to $12.00 and set an “underperform” rating on the stock in a research note on Thursday, September 28th. Finally, Royal Bank of Canada cut shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.23.

Several large investors have recently made changes to their positions in AMC. Schwab Charles Investment Management Inc. raised its stake in shares of AMC Entertainment by 14.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 260,401 shares of the company’s stock worth $5,925,000 after purchasing an additional 33,000 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of AMC Entertainment by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 445,078 shares of the company’s stock worth $10,126,000 after purchasing an additional 4,485 shares during the last quarter. Legal & General Group Plc raised its stake in shares of AMC Entertainment by 2.6% in the second quarter. Legal & General Group Plc now owns 13,118 shares of the company’s stock worth $301,000 after purchasing an additional 337 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of AMC Entertainment by 574.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock worth $162,000 after purchasing an additional 6,055 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of AMC Entertainment by 14.1% in the second quarter. Wells Fargo & Company MN now owns 55,512 shares of the company’s stock worth $1,263,000 after purchasing an additional 6,878 shares during the last quarter. Hedge funds and other institutional investors own 48.61% of the company’s stock.

Shares of AMC Entertainment (AMC) traded up $0.05 during trading hours on Tuesday, reaching $13.25. 1,981,400 shares of the company’s stock were exchanged, compared to its average volume of 2,173,557. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.53 and a quick ratio of 0.53. AMC Entertainment has a 12-month low of $10.80 and a 12-month high of $34.90. The company has a market capitalization of $1,702.93, a price-to-earnings ratio of -10.35 and a beta of 1.37.

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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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