Wedbush Equities Analysts Increase Earnings Estimates for AMC Entertainment Holdings Inc. (AMC)
AMC Entertainment Holdings Inc. (NYSE:AMC) – Analysts at Wedbush raised their Q4 2016 earnings per share estimates for shares of AMC Entertainment Holdings in a research note issued to investors on Tuesday. Wedbush analyst M. Pachter now expects that the brokerage will post earnings per share of $0.21 for the quarter, up from their prior forecast of $0.20. Wedbush currently has a “Outperform” rating and a $33.00 price target on the stock. Wedbush also issued estimates for AMC Entertainment Holdings’ FY2017 earnings at $1.33 EPS.
Several other equities analysts have also recently commented on the company. 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 target price for the company. Zacks Investment Research cut AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. MKM Partners upped their price target on AMC Entertainment Holdings from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, July 25th. FBR & Co reissued a “buy” rating on shares of AMC Entertainment Holdings in a research report on Tuesday, August 2nd. Finally, Barclays PLC reissued an “outperform” rating and set a $29.00 price target on shares of AMC Entertainment Holdings in a research report on Tuesday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $33.25.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 34.50 on Thursday. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 27.23 and a beta of 1.54. AMC Entertainment Holdings has a 12 month low of $19.28 and a 12 month high of $34.70. The firm’s 50 day moving average is $31.74 and its 200 day moving average is $29.75.
AMC Entertainment Holdings (NYSE:AMC) last issued its earnings results on Monday, November 7th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. The company had revenue of $779.77 million for the quarter, compared to analyst estimates of $781.56 million. AMC Entertainment Holdings had a net margin of 4.02% and a return on equity of 7.95%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. SECOR Capital Advisors LP raised its position in shares of AMC Entertainment Holdings by 225.5% in the second quarter. SECOR Capital Advisors LP now owns 39,982 shares of the company’s stock worth $1,104,000 after buying an additional 27,698 shares during the period. AXA acquired a new position in shares of AMC Entertainment Holdings during the first quarter worth approximately $238,000. Oppenheimer & Co. Inc. raised its position in shares of AMC Entertainment Holdings by 31.3% in the second quarter. Oppenheimer & Co. Inc. now owns 127,850 shares of the company’s stock worth $3,530,000 after buying an additional 30,450 shares during the period. Prudential Financial Inc. raised its position in shares of 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. Finally, Ameriprise Financial Inc. raised its position in shares of AMC Entertainment Holdings by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 1,426,403 shares of the company’s stock worth $39,382,000 after buying an additional 12,495 shares during the period. 21.66% of the stock is currently owned by institutional investors.
The firm also recently declared 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 2.32%. The ex-dividend date is Thursday, December 1st. AMC Entertainment Holdings’s dividend payout ratio (DPR) is 63.49%.
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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