Q3 2016 Earnings Forecast for AMC Entertainment Holdings Inc. Issued By B. Riley (AMC)
AMC Entertainment Holdings Inc. (NYSE:AMC) – B. Riley increased their Q3 2016 earnings per share estimates for AMC Entertainment Holdings in a research note issued on Thursday. B. Riley analyst E. Wold now expects that the brokerage will post earnings per share of $0.23 for the quarter, up from their prior forecast of $0.13. B. Riley has a “Buy” rating and a $37.00 price target on the stock. B. Riley also issued estimates for AMC Entertainment Holdings’ FY2016 earnings at $1.02 EPS, Q1 2017 earnings at $0.18 EPS, Q2 2017 earnings at $0.37 EPS, Q4 2017 earnings at $0.41 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.41 EPS and Q3 2018 earnings at $0.39 EPS.
A number of other research analysts also recently issued reports on AMC. Wedbush reiterated an “outperform” rating and set a $33.00 price objective on shares of AMC Entertainment Holdings in a research note on Friday, July 15th. MKM Partners reiterated a “buy” rating and set a $33.00 price objective on shares of AMC Entertainment Holdings in a research note on Sunday, July 17th. Zacks Investment Research downgraded AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. FBR & Co boosted their price objective on AMC Entertainment Holdings from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, July 26th. Finally, Loop Capital initiated coverage on AMC Entertainment Holdings in a research note on Tuesday, August 23rd. They set a “buy” rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $32.50.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 31.50 on Monday. AMC Entertainment Holdings has a 52 week low of $19.28 and a 52 week high of $32.83. The company has a 50-day moving average of $31.07 and a 200-day moving average of $29.12. The stock has a market capitalization of $3.06 billion, a P/E ratio of 29.17 and a beta of 1.56.
AMC Entertainment Holdings (NYSE:AMC) last announced its earnings results on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by $0.03. The company earned $764 million during the quarter, compared to analysts’ expectations of $772.99 million. AMC Entertainment Holdings had a net margin of 3.53% and a return on equity of 6.83%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in AMC Entertainment Holdings by 290.2% in the second quarter. BlackRock Inc. now owns 5,463 shares of the company’s stock valued at $151,000 after buying an additional 4,063 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in AMC Entertainment Holdings during the second quarter valued at $208,000. B. Riley Financial Inc. bought a new position in AMC Entertainment Holdings during the second quarter valued at $218,000. AXA bought a new position in AMC Entertainment Holdings during the first quarter valued at $238,000. Finally, Blackstone Group L.P. bought a new position in AMC Entertainment Holdings during the second quarter valued at $246,000. 21.59% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Adam M. Aron acquired 10,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $28.80 per share, with a total value of $288,000.00. Following the acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $576,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.29% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Tuesday, September 6th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is 74.77%.
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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