FY2016 Earnings Forecast for AMC Entertainment Holdings Inc. (AMC) Issued By Barrington Research
AMC Entertainment Holdings Inc. (NYSE:AMC) – Analysts at Barrington Research upped their FY2016 earnings estimates for AMC Entertainment Holdings in a report issued on Monday. Barrington Research analyst J. Goss now forecasts that the firm will post earnings per share of $1.12 for the year, up from their prior estimate of $1.10.
Several other analysts also recently issued reports on the stock. Loop Capital initiated coverage on shares of AMC Entertainment Holdings in a research note on Tuesday, August 23rd. They set a “buy” rating and a $35.00 target price on the stock. Zacks Investment Research downgraded shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. FBR & Co reissued a “buy” rating on shares of AMC Entertainment Holdings in a research note on Tuesday, August 2nd. MKM Partners reissued a “buy” rating and set a $33.00 target price on shares of AMC Entertainment Holdings in a research note on Sunday, July 17th. Finally, B. Riley reissued a “buy” rating and set a $34.75 target price on shares of AMC Entertainment Holdings in a research note on Monday, June 27th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.50.
Shares of AMC Entertainment Holdings (NYSE:AMC) traded up 0.95% on Tuesday, hitting $31.85. The company’s stock had a trading volume of 36,519 shares. The stock has a market capitalization of $3.10 billion, a P/E ratio of 29.49 and a beta of 1.56. AMC Entertainment Holdings has a 52 week low of $19.28 and a 52 week high of $32.83. The stock’s 50 day moving average price is $31.26 and its 200 day moving average price is $29.21.
AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.03. The company had revenue of $764 million for the quarter, compared to analyst estimates of $772.99 million. AMC Entertainment Holdings had a return on equity of 6.83% and a net margin of 3.53%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS.
Large investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. purchased a new stake in AMC Entertainment Holdings during the second quarter worth about $7,395,000. Vanguard Group Inc. boosted its stake in AMC Entertainment Holdings by 13.6% in the second quarter. Vanguard Group Inc. now owns 2,005,153 shares of the company’s stock worth $55,362,000 after buying an additional 239,379 shares during the period. Prudential Financial Inc. boosted its stake in AMC Entertainment Holdings by 1,290.9% in the second quarter. Prudential Financial Inc. now owns 191,250 shares of the company’s stock worth $5,280,000 after buying an additional 177,500 shares during the period. UBS Asset Management Americas Inc. boosted its stake in AMC Entertainment Holdings by 38.9% in the second quarter. UBS Asset Management Americas Inc. now owns 513,055 shares of the company’s stock worth $14,166,000 after buying an additional 143,713 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in AMC Entertainment Holdings by 16.6% in the second quarter. Dimensional Fund Advisors LP now owns 848,227 shares of the company’s stock worth $23,419,000 after buying an additional 120,769 shares during the period. Institutional investors own 21.59% of the company’s stock.
In other news, CEO Adam M. Aron purchased 10,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was bought at an average cost of $28.80 per share, for a total transaction of $288,000.00. Following the completion of 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 filing with the SEC, which is available through the SEC website. Company insiders own 1.29% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, September 6th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Thursday, September 1st. AMC Entertainment Holdings’s dividend payout ratio (DPR) is 74.77%.
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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