Wedbush Analysts Lower Earnings Estimates for AMC Entertainment Holdings Inc (AMC)

AMC Entertainment Holdings Inc (NYSE:AMC) – Stock analysts at Wedbush dropped their Q4 2017 earnings per share (EPS) estimates for AMC Entertainment in a note issued to investors on Monday. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.36. Wedbush has a “Buy” rating and a $19.00 price target on the stock. Wedbush also issued estimates for AMC Entertainment’s Q4 2018 earnings at $0.34 EPS.

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

Several other brokerages have also recently weighed in on AMC. MKM Partners reaffirmed a “buy” rating and set a $28.00 price target on shares of AMC Entertainment in a research note on Monday, September 18th. Zacks Investment Research cut shares of AMC Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, September 22nd. Credit Suisse Group decreased their price target on shares of AMC Entertainment from $14.00 to $12.00 and set an “underperform” rating for the company in a research note on Thursday, September 28th. Royal Bank of Canada cut shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Wednesday. Finally, B. Riley set a $31.00 price target on shares of AMC Entertainment and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.15.

AMC Entertainment (NYSE:AMC) opened at $13.95 on Tuesday. The firm has a market cap of $1,800.00, a P/E ratio of -10.65 and a beta of 1.37. AMC Entertainment has a 52 week low of $10.80 and a 52 week high of $34.90. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.53 and a current ratio of 0.53.

Several large investors have recently added to or reduced their stakes in AMC. Schwab Charles Investment Management Inc. grew its stake in shares of AMC Entertainment by 14.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 260,401 shares of the company’s stock valued at $5,925,000 after buying an additional 33,000 shares in the last quarter. Rhumbline Advisers grew its stake in shares of AMC Entertainment by 27.7% in the second quarter. Rhumbline Advisers now owns 68,180 shares of the company’s stock valued at $1,551,000 after buying an additional 14,780 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of AMC Entertainment by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 445,078 shares of the company’s stock valued at $10,126,000 after buying an additional 4,485 shares in the last quarter. Legal & General Group Plc grew its stake in shares of AMC Entertainment by 2.6% in the second quarter. Legal & General Group Plc now owns 13,118 shares of the company’s stock valued at $301,000 after buying an additional 337 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of AMC Entertainment by 574.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after buying an additional 6,055 shares in the last quarter. 48.60% of the stock is owned by institutional investors and hedge funds.

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

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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.

Earnings History and Estimates for AMC Entertainment (NYSE:AMC)

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