Q4 2016 EPS Estimates for AMC Entertainment Holdings Inc. (AMC) Raised by Analyst
AMC Entertainment Holdings Inc. (NYSE:AMC) – Equities researchers at FBR & Co increased their Q4 2016 earnings per share estimates for shares of AMC Entertainment Holdings in a research note issued to investors on Monday. FBR & Co analyst B. Crockett now forecasts that the brokerage will post earnings per share of $0.40 for the quarter, up from their prior estimate of $0.38. FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for AMC Entertainment Holdings’ FY2017 earnings at $1.67 EPS, FY2018 earnings at $1.82 EPS and FY2019 earnings at $1.99 EPS.
A number of other equities research analysts have also recently commented on AMC. B. Riley cut shares of AMC Entertainment Holdings to a “buy” rating and set a $34.75 target price for the company. in a research report on Tuesday, June 21st. Wedbush restated an “outperform” rating and set a $33.00 price objective on shares of AMC Entertainment Holdings in a research report on Friday, July 15th. MKM Partners restated a “buy” rating and set a $33.00 price objective on shares of AMC Entertainment Holdings in a research report on Sunday, July 17th. Finally, Zacks Investment Research cut shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.50.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 31.35 on Wednesday. AMC Entertainment Holdings has a 12 month low of $19.28 and a 12 month high of $32.83. The stock has a 50 day moving average of $31.16 and a 200 day moving average of $29.16. The stock has a market cap of $3.05 billion, a PE ratio of 29.03 and a beta of 1.56.
AMC Entertainment Holdings (NYSE:AMC) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, missing the 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 in the previous year, the company posted $0.45 EPS. AMC Entertainment Holdings’s revenue for the quarter was down 7.0% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Tuesday, September 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, September 1st. AMC Entertainment Holdings’s payout ratio is 74.77%.
In other AMC Entertainment Holdings news, CEO Adam M. Aron acquired 10,000 shares of the stock in a transaction dated 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 purchase, the chief executive officer now owns 20,000 shares in the company, valued at approximately $576,000. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.29% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of AMC Entertainment Holdings by 290.2% in the second quarter. BlackRock Inc. now owns 5,463 shares of the company’s stock worth $151,000 after buying an additional 4,063 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of AMC Entertainment Holdings during the second quarter worth about $208,000. B. Riley Financial Inc. purchased a new position in shares of AMC Entertainment Holdings during the second quarter worth about $218,000. AXA purchased a new position in shares of AMC Entertainment Holdings during the first quarter worth about $238,000. Finally, Blackstone Group L.P. purchased a new position in shares of AMC Entertainment Holdings during the second quarter worth about $246,000. 21.59% of the stock is owned by institutional investors and hedge funds.
About AMC Entertainment Holdings
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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