AMC Entertainment Holdings Inc. Expected to Earn FY2016 Earnings of $1.03 Per Share (AMC)
AMC Entertainment Holdings Inc. (NYSE:AMC) – Equities researchers at Wedbush lifted their FY2016 earnings per share estimates for shares of AMC Entertainment Holdings in a research report issued on Tuesday. Wedbush analyst M. Pachter now expects that the brokerage will post earnings per share of $1.03 for the year, up from their previous estimate of $1.01. Wedbush currently has a “Outperform” rating and a $33.00 target price on the stock. Wedbush also issued estimates for AMC Entertainment Holdings’ Q1 2017 earnings at $0.17 EPS, Q2 2017 earnings at $0.43 EPS, Q3 2017 earnings at $0.32 EPS and Q4 2017 earnings at $0.41 EPS.
AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.08. AMC Entertainment Holdings had a return on equity of 7.98% and a net margin of 4.02%. The business earned $779.77 million during the quarter, compared to analysts’ expectations of $781.56 million. During the same quarter in the previous year, the firm earned $0.14 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year.
Several other research firms also recently issued reports on AMC. Barclays PLC reissued an “outperform” rating and issued a $29.00 price target on shares of AMC Entertainment Holdings in a research note on Tuesday. B. Riley restated a “buy” rating and issued a $40.00 price objective on shares of AMC Entertainment Holdings in a report on Tuesday. Stifel Nicolaus raised their price objective on AMC Entertainment Holdings from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday. MKM Partners restated a “buy” rating and issued a $33.00 price objective on shares of AMC Entertainment Holdings in a report on Sunday, July 17th. Finally, Zacks Investment Research cut AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $33.25.
AMC Entertainment Holdings (NYSE:AMC) opened at 33.40 on Wednesday. The firm has a market cap of $3.25 billion, a PE ratio of 30.93 and a beta of 1.54. The company’s 50 day moving average price is $31.66 and its 200 day moving average price is $29.70. AMC Entertainment Holdings has a 52-week low of $19.28 and a 52-week high of $34.15.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Thursday, December 1st. AMC Entertainment Holdings’s dividend payout ratio is presently 63.49%.
Large investors have recently modified their holdings of the company. AXA purchased a new stake in shares of AMC Entertainment Holdings during the first quarter worth about $238,000. A.R.T. Advisors LLC increased its stake in AMC Entertainment Holdings by 26.2% in the first quarter. A.R.T. Advisors LLC now owns 38,003 shares of the company’s stock worth $1,063,000 after buying an additional 7,900 shares during the last quarter. Corbyn Investment Management Inc. MD increased its stake in AMC Entertainment Holdings by 14.7% in the second quarter. Corbyn Investment Management Inc. MD now owns 279,012 shares of the company’s stock worth $7,704,000 after buying an additional 35,675 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in AMC Entertainment Holdings during the second quarter worth $298,000. Finally, American Century Companies Inc. increased its stake in AMC Entertainment Holdings by 3.8% in the second quarter. American Century Companies Inc. now owns 234,056 shares of the company’s stock worth $6,462,000 after buying an additional 8,620 shares during the last quarter. Institutional investors own 21.66% of the company’s stock.
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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