B. Riley Comments on AMC Entertainment Holdings Inc.’s FY2018 Earnings (AMC)
AMC Entertainment Holdings Inc. (NYSE:AMC) – Equities researchers at B. Riley issued their FY2018 earnings per share (EPS) estimates for AMC Entertainment Holdings in a report issued on Thursday. B. Riley analyst E. Wold forecasts that the brokerage will post earnings of $1.47 per share for the year. B. Riley currently has a “Buy” rating and a $37.00 target price on the stock.
A number of other equities analysts also recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $33.00 price target on shares of AMC Entertainment Holdings in a research report on Wednesday, September 21st. Loop Capital assumed coverage on AMC Entertainment Holdings in a research report on Tuesday, August 23rd. They set a “buy” rating and a $35.00 price target on the stock. FBR & Co reissued a “buy” rating on shares of AMC Entertainment Holdings in a research report on Tuesday, August 2nd. Zacks Investment Research raised AMC Entertainment Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, MKM Partners increased their price target on AMC Entertainment Holdings from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. AMC Entertainment Holdings has an average rating of “Buy” and a consensus target price of $32.50.
AMC Entertainment Holdings (NYSE:AMC) opened at 32.24 on Friday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 29.85 and a beta of 1.56. The firm has a 50-day moving average price of $30.95 and a 200-day moving average price of $29.06. AMC Entertainment Holdings has a 12 month low of $19.28 and a 12 month high of $32.83.
AMC Entertainment Holdings (NYSE:AMC) last issued its earnings results on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.03. AMC Entertainment Holdings had a return on equity of 6.83% and a net margin of 3.53%. The business earned $764 million during the quarter, compared to analysts’ expectations of $772.99 million. During the same period last year, the firm posted $0.45 EPS. AMC Entertainment Holdings’s quarterly revenue was down 7.0% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, September 6th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, September 1st. AMC Entertainment Holdings’s dividend payout ratio is presently 74.77%.
In other AMC Entertainment Holdings news, CEO Adam M. Aron purchased 10,000 shares of the stock in a transaction on Monday, August 8th. The stock was acquired at an average price of $28.80 per share, with a total value of $288,000.00. Following the completion of the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at $576,000. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.29% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of AMC. Schwab Charles Investment Management Inc. increased its stake in shares of AMC Entertainment Holdings by 2.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 70,988 shares of the company’s stock valued at $1,960,000 after buying an additional 1,452 shares in the last quarter. B. Riley Financial Inc. acquired a new stake in shares of AMC Entertainment Holdings during the second quarter valued at $218,000. Highbridge Capital Management LLC acquired a new stake in shares of AMC Entertainment Holdings during the second quarter valued at $793,000. Blackstone Group L.P. acquired a new stake in shares of AMC Entertainment Holdings during the second quarter valued at $246,000. Finally, AQR Capital Management LLC increased its stake in shares of AMC Entertainment Holdings by 28.5% in the second quarter. AQR Capital Management LLC now owns 103,277 shares of the company’s stock valued at $2,851,000 after buying an additional 22,932 shares in the last quarter. 21.59% of the stock is owned by institutional investors and hedge funds.
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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