$1.40 Billion in Sales Expected for AMC Entertainment Holdings Inc (AMC) This Quarter

Wall Street analysts forecast that AMC Entertainment Holdings Inc (NYSE:AMC) will report $1.40 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for AMC Entertainment’s earnings, with the highest sales estimate coming in at $1.42 billion and the lowest estimate coming in at $1.37 billion. AMC Entertainment reported sales of $926.10 million in the same quarter last year, which indicates a positive year-over-year growth rate of 51.2%. The business is expected to issue its next quarterly earnings results before the market opens on Thursday, March 1st.

On average, analysts expect that AMC Entertainment will report full year sales of $1.40 billion for the current fiscal year, with estimates ranging from $5.04 billion to $5.13 billion. For the next year, analysts forecast that the business will post sales of $5.30 billion per share, with estimates ranging from $5.15 billion to $5.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover AMC Entertainment.

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

Several analysts recently weighed in on AMC shares. Zacks Investment Research upgraded AMC Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Wedbush set a $21.00 price target on AMC Entertainment and gave the company a “buy” rating in a report on Wednesday, November 1st. Royal Bank of Canada cut AMC Entertainment from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $30.00 target price on shares of AMC Entertainment in a report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.25.

AMC Entertainment (NYSE AMC) opened at $13.75 on Friday. AMC Entertainment has a twelve month low of $10.80 and a twelve month high of $32.10. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its stake in AMC Entertainment by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock worth $110,000 after purchasing an additional 372 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in AMC Entertainment in the third quarter worth about $147,000. Deprince Race & Zollo Inc. bought a new stake in AMC Entertainment in the fourth quarter worth about $151,000. Financial Consulate Inc. bought a new stake in AMC Entertainment in the third quarter worth about $162,000. Finally, Teacher Retirement System of Texas bought a new stake in AMC Entertainment in the fourth quarter worth about $275,000. 47.62% of the stock is owned by institutional investors and hedge funds.

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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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