Equities Analysts Offer Predictions for AMC Entertainment Holdings Inc.’s Q1 2017 Earnings (AMC)
AMC Entertainment Holdings Inc. (NYSE:AMC) – Barrington Research issued their Q1 2017 earnings per share (EPS) estimates for AMC Entertainment Holdings in a note issued to investors on Monday. Barrington Research analyst J. Goss forecasts that the firm will post earnings per share of $0.20 for the quarter. Barrington Research also issued estimates for AMC Entertainment Holdings’ Q2 2017 earnings at $0.36 EPS, Q3 2017 earnings at $0.33 EPS, Q4 2017 earnings at $0.45 EPS and FY2018 earnings at $1.70 EPS.
AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings data on Monday, August 1st. The company reported $0.24 earnings per share (EPS) 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 had revenue of $764 million for the quarter, compared to analysts’ expectations of $772.99 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. AMC Entertainment Holdings’s quarterly revenue was down 7.0% compared to the same quarter last year.
Several other research analysts have also recently commented on AMC. B. Riley reiterated a “buy” rating and issued a $37.00 target price on shares of AMC Entertainment Holdings in a report on Friday, August 5th. Zacks Investment Research upgraded shares of AMC Entertainment Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Wedbush reiterated an “outperform” rating and issued a $33.00 target price on shares of AMC Entertainment Holdings in a report on Friday, July 15th. MKM Partners raised their target price on shares of AMC Entertainment Holdings from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Finally, FBR & Co raised their target price on shares of AMC Entertainment Holdings from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, July 26th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. AMC Entertainment Holdings has an average rating of “Buy” and an average price target of $32.50.
AMC Entertainment Holdings (NYSE:AMC) remained flat at $31.60 during midday trading on Wednesday. The company had a trading volume of 88,942 shares. AMC Entertainment Holdings has a one year low of $19.28 and a one year high of $32.83. The stock has a market capitalization of $3.07 billion, a PE ratio of 29.26 and a beta of 1.56. The company has a 50 day moving average price of $31.32 and a 200-day moving average price of $29.23.
The company also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Tuesday, September 6th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Thursday, September 1st. AMC Entertainment Holdings’s dividend payout ratio is 74.77%.
In other news, CEO Adam M. Aron purchased 10,000 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were bought at an average price of $28.80 per share, with a total value of $288,000.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $576,000. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.29% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised 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 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 AMC Entertainment Holdings during the second quarter worth approximately $208,000. B. Riley Financial Inc. purchased a new position in AMC Entertainment Holdings during the second quarter worth approximately $218,000. AXA purchased a new position in AMC Entertainment Holdings during the first quarter worth approximately $238,000. Finally, Blackstone Group L.P. purchased a new position in AMC Entertainment Holdings during the second quarter worth approximately $246,000. 21.59% of the stock is currently owned by institutional investors.
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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