Imperial Capital Brokers Increase Earnings Estimates for AMC Entertainment Holdings Inc (NYSE:AMC)

AMC Entertainment Holdings Inc (NYSE:AMC) – Imperial Capital raised their FY2019 earnings per share estimates for shares of AMC Entertainment in a research note issued to investors on Monday, June 10th. Imperial Capital analyst D. Miller now expects that the company will post earnings of ($0.68) per share for the year, up from their previous forecast of ($0.79). Imperial Capital currently has a “Outperform” rating and a $23.00 price objective on the stock. Imperial Capital also issued estimates for AMC Entertainment’s Q1 2020 earnings at ($0.47) EPS and Q2 2020 earnings at $0.29 EPS.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Thursday, May 9th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.74). The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. AMC Entertainment had a negative return on equity of 11.59% and a negative net margin of 0.72%. The business’s revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS.

A number of other brokerages also recently commented on AMC. Barrington Research reiterated a “buy” rating on shares of AMC Entertainment in a report on Friday, March 1st. B. Riley upgraded shares of AMC Entertainment from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $20.00 in a report on Monday, April 8th. Zacks Investment Research downgraded shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and set a $20.00 price target (down from $22.00) on shares of AMC Entertainment in a report on Monday, April 29th. Finally, ValuEngine downgraded shares of AMC Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.78.

Shares of NYSE AMC opened at $10.69 on Wednesday. The stock has a market cap of $1.13 billion, a PE ratio of 82.23 and a beta of 1.11. AMC Entertainment has a 12 month low of $10.65 and a 12 month high of $21.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.43.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in AMC Entertainment by 3.0% during the fourth quarter. BlackRock Inc. now owns 3,668,500 shares of the company’s stock worth $45,050,000 after purchasing an additional 105,284 shares during the last quarter. Dimensional Fund Advisors LP increased its position in AMC Entertainment by 32.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,596,098 shares of the company’s stock worth $38,552,000 after purchasing an additional 636,645 shares during the last quarter. Renaissance Technologies LLC increased its position in AMC Entertainment by 37.2% during the first quarter. Renaissance Technologies LLC now owns 2,508,068 shares of the company’s stock worth $37,245,000 after purchasing an additional 680,167 shares during the last quarter. Greenvale Capital LLP increased its position in AMC Entertainment by 281.0% during the first quarter. Greenvale Capital LLP now owns 2,000,000 shares of the company’s stock worth $29,700,000 after purchasing an additional 1,475,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in AMC Entertainment by 121.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,590,200 shares of the company’s stock worth $19,526,000 after purchasing an additional 871,200 shares during the last quarter. 49.23% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Raymond C. Stachowiak purchased 160,559 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average price of $2.73 per share, with a total value of $438,326.07. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 7.48%. The ex-dividend date is Friday, June 7th. AMC Entertainment’s dividend payout ratio (DPR) is 615.38%.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

See Also: Strangles

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

Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Imperial Capital Brokers Increase Earnings Estimates for AMC Entertainment Holdings Inc (NYSE:AMC)

AMC Entertainment Holdings Inc (NYSE:AMC) – Imperial Capital raised their FY2019 earnings per share estimates for shares of AMC Entertainment in a research note issued to investors on Monday, June 10th. Imperial Capital analyst D. Miller now expects that the company will post earnings of ($0.68) per share for the year, up from their previous forecast of ($0.79). Imperial Capital currently has a “Outperform” rating and a $23.00 price objective on the stock. Imperial Capital also issued estimates for AMC Entertainment’s Q1 2020 earnings at ($0.47) EPS and Q2 2020 earnings at $0.29 EPS.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Thursday, May 9th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.74). The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. AMC Entertainment had a negative return on equity of 11.59% and a negative net margin of 0.72%. The business’s revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS.

A number of other brokerages also recently commented on AMC. Barrington Research reiterated a “buy” rating on shares of AMC Entertainment in a report on Friday, March 1st. B. Riley upgraded shares of AMC Entertainment from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $20.00 in a report on Monday, April 8th. Zacks Investment Research downgraded shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and set a $20.00 price target (down from $22.00) on shares of AMC Entertainment in a report on Monday, April 29th. Finally, ValuEngine downgraded shares of AMC Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.78.

Shares of NYSE AMC opened at $10.69 on Wednesday. The stock has a market cap of $1.13 billion, a PE ratio of 82.23 and a beta of 1.11. AMC Entertainment has a 12 month low of $10.65 and a 12 month high of $21.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.43.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in AMC Entertainment by 3.0% during the fourth quarter. BlackRock Inc. now owns 3,668,500 shares of the company’s stock worth $45,050,000 after purchasing an additional 105,284 shares during the last quarter. Dimensional Fund Advisors LP increased its position in AMC Entertainment by 32.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,596,098 shares of the company’s stock worth $38,552,000 after purchasing an additional 636,645 shares during the last quarter. Renaissance Technologies LLC increased its position in AMC Entertainment by 37.2% during the first quarter. Renaissance Technologies LLC now owns 2,508,068 shares of the company’s stock worth $37,245,000 after purchasing an additional 680,167 shares during the last quarter. Greenvale Capital LLP increased its position in AMC Entertainment by 281.0% during the first quarter. Greenvale Capital LLP now owns 2,000,000 shares of the company’s stock worth $29,700,000 after purchasing an additional 1,475,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in AMC Entertainment by 121.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,590,200 shares of the company’s stock worth $19,526,000 after purchasing an additional 871,200 shares during the last quarter. 49.23% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Raymond C. Stachowiak purchased 160,559 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average price of $2.73 per share, with a total value of $438,326.07. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 7.48%. The ex-dividend date is Friday, June 7th. AMC Entertainment’s dividend payout ratio (DPR) is 615.38%.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

See Also: Strangles

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

Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.



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