Q4 EPS Estimates for AMC Entertainment Lowered by Wedbush

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Wedbush cut their Q4 2024 earnings per share (EPS) estimates for AMC Entertainment in a research note issued to investors on Monday, November 4th. Wedbush analyst A. Reese now forecasts that the company will post earnings of ($0.08) per share for the quarter, down from their previous estimate of $0.04. Wedbush has a “Neutral” rating and a $4.00 price objective on the stock. The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.36) per share. Wedbush also issued estimates for AMC Entertainment’s Q2 2025 earnings at ($0.19) EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at ($0.50) EPS and FY2026 earnings at ($0.21) EPS.

Other equities analysts have also issued reports about the company. Morgan Stanley lowered their target price on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research report on Thursday. Finally, B. Riley lowered their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.44.

AMC Entertainment Stock Performance

Shares of AMC opened at $4.28 on Thursday. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88. The business’s 50 day moving average price is $4.50 and its two-hundred day moving average price is $4.65. The firm has a market cap of $1.55 billion, a PE ratio of -2.66 and a beta of 1.83.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm posted ($0.09) earnings per share. AMC Entertainment’s quarterly revenue was down 4.1% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. KBC Group NV bought a new position in AMC Entertainment in the 3rd quarter valued at $37,000. Skylands Capital LLC bought a new position in AMC Entertainment in the 2nd quarter valued at $50,000. Creative Planning bought a new position in AMC Entertainment in the 3rd quarter valued at $48,000. Amalgamated Bank grew its stake in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares during the period. Finally, Burns Matteson Capital Management LLC bought a new position in shares of AMC Entertainment during the 3rd quarter worth $55,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.