AMC Entertainment (AMC) Given a $19.00 Price Target at Wedbush

Wedbush set a $19.00 target price on AMC Entertainment (NYSE:AMC) in a research note issued to investors on Monday morning. The firm currently has a buy rating on the stock. Wedbush also issued estimates for AMC Entertainment’s Q4 2017 earnings at $0.31 EPS, FY2017 earnings at ($1.30) EPS, Q1 2018 earnings at ($0.02) EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at ($0.13) EPS, Q4 2018 earnings at $0.34 EPS and FY2018 earnings at $0.22 EPS.

A number of other analysts have also commented on AMC. MKM Partners restated a buy rating and issued a $28.00 price target on shares of AMC Entertainment in a report on Monday, September 18th. Zacks Investment Research upgraded AMC Entertainment from a sell rating to a hold rating in a report on Tuesday, October 3rd. Credit Suisse Group cut their price target on AMC Entertainment from $14.00 to $12.00 and set an underperform rating on the stock in a report on Thursday, September 28th. B. Riley set a $31.00 price target on AMC Entertainment and gave the company a buy rating in a report on Wednesday, October 18th. Finally, Citigroup restated a buy rating and issued a $21.00 price target (down from $30.00) on shares of AMC Entertainment in a report on Monday, September 11th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. AMC Entertainment presently has an average rating of Hold and an average price target of $24.15.

Shares of AMC Entertainment (NYSE:AMC) opened at $13.95 on Monday. The company has a market capitalization of $1,800.00, a PE ratio of -10.65 and a beta of 1.37. AMC Entertainment has a twelve month low of $10.80 and a twelve month high of $34.90. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 2.01.

AMC Entertainment (NYSE:AMC) last issued 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). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. The business’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 earnings per share. sell-side analysts anticipate that AMC Entertainment will post -1.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, December 1st. This represents a $0.80 annualized dividend and a yield of 5.73%. AMC Entertainment’s payout ratio is presently -61.07%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMC. Ameritas Investment Partners Inc. raised its holdings in AMC Entertainment by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock worth $110,000 after acquiring an additional 372 shares in the last quarter. Seven Eight Capital LP bought a new stake in AMC Entertainment during the second quarter worth about $125,000. Pacer Advisors Inc. raised its holdings in AMC Entertainment by 12.0% during the second quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock worth $127,000 after acquiring an additional 601 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in AMC Entertainment during the third quarter worth about $147,000. Finally, BNP Paribas Arbitrage SA raised its holdings in AMC Entertainment by 574.5% during the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock worth $162,000 after acquiring an additional 6,055 shares in the last quarter. Institutional investors and hedge funds own 48.60% of the company’s stock.

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About AMC Entertainment

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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