Wall Street brokerages expect AMC Entertainment Holdings Inc (NYSE:AMC) to post earnings per share (EPS) of ($0.25) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for AMC Entertainment’s earnings. The lowest EPS estimate is ($0.37) and the highest is ($0.09). AMC Entertainment posted earnings per share of $0.14 in the same quarter last year, which indicates a negative year over year growth rate of 278.6%. The business is expected to report its next earnings results on Monday, May 6th.
According to Zacks, analysts expect that AMC Entertainment will report full-year earnings of $0.26 per share for the current year, with EPS estimates ranging from ($0.20) to $0.93. For the next financial year, analysts expect that the company will report earnings of $0.39 per share, with EPS estimates ranging from ($0.06) to $0.93. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover AMC Entertainment.
AMC has been the subject of several analyst reports. Zacks Investment Research lowered AMC Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. B. Riley lowered AMC Entertainment from a “buy” rating to a “neutral” rating and dropped their target price for the company from $29.00 to $17.00 in a research note on Tuesday, January 22nd. Loop Capital initiated coverage on AMC Entertainment in a research note on Thursday, January 31st. They issued a “hold” rating and a $15.00 target price for the company. MKM Partners dropped their target price on AMC Entertainment to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 12th. Finally, Imperial Capital upped their price target on AMC Entertainment from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. AMC Entertainment currently has a consensus rating of “Hold” and an average price target of $18.89.
A number of large investors have recently made changes to their positions in the business. Legal & General Group Plc increased its stake in AMC Entertainment by 16.0% during the fourth quarter. Legal & General Group Plc now owns 9,306 shares of the company’s stock worth $114,000 after acquiring an additional 1,287 shares during the last quarter. Hsbc Holdings PLC increased its stake in AMC Entertainment by 2.3% during the fourth quarter. Hsbc Holdings PLC now owns 78,634 shares of the company’s stock worth $965,000 after acquiring an additional 1,757 shares during the last quarter. Castle Creek Arbitrage LLC boosted its position in shares of AMC Entertainment by 20.9% in the fourth quarter. Castle Creek Arbitrage LLC now owns 17,320 shares of the company’s stock worth $213,000 after buying an additional 3,000 shares during the period. Captrust Financial Advisors purchased a new stake in shares of AMC Entertainment in the fourth quarter worth about $44,000. Finally, Strs Ohio boosted its position in shares of AMC Entertainment by 11.5% in the fourth quarter. Strs Ohio now owns 49,400 shares of the company’s stock worth $606,000 after buying an additional 5,100 shares during the period. Institutional investors own 40.33% of the company’s stock.
AMC Entertainment stock opened at $14.48 on Tuesday. The firm has a market capitalization of $1.50 billion, a P/E ratio of 111.38, a price-to-earnings-growth ratio of 5.55 and a beta of 0.94. AMC Entertainment has a 52 week low of $11.66 and a 52 week high of $21.45. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.72.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, March 8th. This represents a $0.80 annualized dividend and a yield of 5.52%. AMC Entertainment’s dividend payout ratio is presently 615.38%.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.
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