AMC Entertainment (AMC) Earns Daily News Sentiment Score of 0.22
News headlines about AMC Entertainment (NYSE:AMC) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AMC Entertainment earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.2701638685331 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Disney seals $52.4B deal with Fox (arkansasonline.com)
- Disney becoming ‘Walmart of Hollywood’ amid Fox deal (thestar.com)
- Disney Is About to Become the ‘Walmart of Hollywood’ (bloomberg.com)
- AMC Entertainment Holdings, Inc. (NYSE: AMC) – In Play Stock Characteristics – Alpha Beta Stock (alphabetastock.com)
- AMC Entertainment Announces MoU with The Public Investment Fund, the Sovereign Wealth Fund of Saudi Arabia – Business Wire (press release) (businesswire.com)
Several research firms have recently weighed in on AMC. B. Riley set a $30.00 target price on AMC Entertainment and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Credit Suisse Group decreased their target price on AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating for the company in a research report on Tuesday, November 7th. Wedbush reiterated a “buy” rating and set a $15.50 target price on shares of AMC Entertainment in a research report on Tuesday, November 7th. Zacks Investment Research downgraded AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Finally, MKM Partners reiterated a “buy” rating and set a $28.00 target price on shares of AMC Entertainment in a research report on Monday, September 18th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.27.
AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.04). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. The business’s revenue was up 51.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. equities research analysts anticipate that AMC Entertainment will post -1.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 5.30%. AMC Entertainment’s payout ratio is currently -62.50%.
In related news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of AMC Entertainment stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $6.09, for a total value of $73,080,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.80% of the company’s stock.
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AMC Entertainment Company Profile
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. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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