AMC Entertainment Holdings Inc (NYSE:AMC) – Analysts at Wedbush dropped their FY2018 earnings per share (EPS) estimates for shares of AMC Entertainment in a research note issued to investors on Monday, October 15th. Wedbush analyst M. Pachter now forecasts that the company will post earnings per share of $0.10 for the year, down from their previous forecast of $0.19. Wedbush currently has a “Buy” rating and a $25.00 price target on the stock. Wedbush also issued estimates for AMC Entertainment’s Q4 2018 earnings at $0.22 EPS and FY2019 earnings at $0.67 EPS.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, August 1st. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. AMC Entertainment had a negative net margin of 5.15% and a positive return on equity of 1.70%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm earned ($1.35) earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis.

Several other research analysts also recently weighed in on the stock. William Blair reiterated a “hold” rating on shares of AMC Entertainment in a research report on Monday, September 17th. Zacks Investment Research upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, July 4th. MKM Partners downgraded shares of AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Friday, September 14th. They noted that the move was a valuation call. ValuEngine upgraded shares of AMC Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, June 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $20.28.

AMC opened at $20.15 on Tuesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. AMC Entertainment has a 1-year low of $10.80 and a 1-year high of $21.45. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of -22.64, a price-to-earnings-growth ratio of 15.53 and a beta of 0.82.

Hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in shares of AMC Entertainment by 6.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,808,385 shares of the company’s stock valued at $76,453,000 after purchasing an additional 307,890 shares during the period. Paloma Partners Management Co bought a new stake in shares of AMC Entertainment during the 2nd quarter valued at $242,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of AMC Entertainment during the 2nd quarter valued at $288,000. Wolverine Asset Management LLC bought a new stake in shares of AMC Entertainment during the 2nd quarter valued at $1,134,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of AMC Entertainment during the 2nd quarter valued at $1,102,000. Hedge funds and other institutional investors own 40.01% of the company’s stock.

In other news, Director Wanda America Investment Holdi sold 75,826,927 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $1.82, for a total transaction of $138,005,007.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John D. Mcdonald sold 17,500 shares of the firm’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $15.42, for a total transaction of $269,850.00. Following the sale, the executive vice president now owns 56,961 shares in the company, valued at $878,338.62. The disclosure for this sale can be found here. Insiders have sold a total of 75,861,927 shares of company stock worth $138,602,107 over the last 90 days. Insiders own 1.40% of the company’s stock.

The company also recently disclosed a special dividend, which was paid on Friday, September 28th. Stockholders of record on Tuesday, September 25th were given a dividend of $1.55 per share. The ex-dividend date of this dividend was Monday, September 24th. This represents a dividend yield of 4.01%. AMC Entertainment’s payout ratio is -89.89%.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.

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Earnings History and Estimates for AMC Entertainment (NYSE:AMC)

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