AMC Entertainment Holdings Inc. (NYSE:AMC) – Equities researchers at Barrington Research raised their FY2017 earnings estimates for AMC Entertainment Holdings in a research note issued on Monday. Barrington Research analyst J. Goss now expects that the firm will post earnings per share of $1.35 for the year, up from their prior forecast of $1.30.
A number of other brokerages also recently weighed in on AMC. Wedbush reaffirmed an “outperform” rating and set a $33.00 price objective on shares of AMC Entertainment Holdings in a research report on Wednesday, September 21st. B. Riley reaffirmed a “buy” rating and set a $37.00 price objective on shares of AMC Entertainment Holdings in a research report on Monday, July 18th. MKM Partners reaffirmed a “buy” rating and set a $33.00 price objective on shares of AMC Entertainment Holdings in a research report on Sunday, July 17th. Zacks Investment Research downgraded AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, FBR & Co raised their price objective on AMC Entertainment Holdings from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, July 26th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. AMC Entertainment Holdings currently has an average rating of “Buy” and a consensus target price of $32.50.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 31.94 on Wednesday. The firm’s 50 day moving average price is $30.80 and its 200-day moving average price is $29.01. The company has a market capitalization of $3.11 billion, a P/E ratio of 29.57 and a beta of 1.56. AMC Entertainment Holdings has a 1-year low of $19.28 and a 1-year high of $32.38.
AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings results on Monday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.03. The firm had revenue of $764 million for the quarter, compared to the consensus estimate of $772.99 million. AMC Entertainment Holdings had a net margin of 3.53% and a return on equity of 6.83%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of AMC Entertainment Holdings by 290.2% in the second quarter. BlackRock Inc. now owns 5,463 shares of the company’s stock valued at $151,000 after buying an additional 4,063 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of AMC Entertainment Holdings during the second quarter valued at $208,000. B. Riley Financial Inc. bought a new position in shares of AMC Entertainment Holdings during the second quarter valued at $218,000. AXA bought a new position in shares of AMC Entertainment Holdings during the first quarter valued at $238,000. Finally, Blackstone Group L.P. bought a new position in shares of AMC Entertainment Holdings during the second quarter valued at $246,000. Hedge funds and other institutional investors own 21.59% of the company’s stock.
In other news, CEO Adam M. Aron acquired 10,000 shares of AMC Entertainment Holdings stock in a transaction dated Monday, August 8th. The stock was purchased at an average cost of $28.80 per share, for a total transaction of $288,000.00. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $576,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.29% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Tuesday, September 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, September 1st. AMC Entertainment Holdings’s payout ratio is 74.77%.
AMC Entertainment Holdings 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. The Company operates through theatrical exhibition operations segment.
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