AMC Entertainment Holdings Inc (NYSE:AMC) – Equities researchers at Imperial Capital dropped their Q2 2019 EPS estimates for AMC Entertainment in a research note issued on Monday, November 12th. Imperial Capital analyst D. Miller now forecasts that the company will earn $0.11 per share for the quarter, down from their previous estimate of $0.12.

AMC Entertainment (NYSE:AMC) last released its earnings results on Thursday, November 8th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($0.33). AMC Entertainment had a negative return on equity of 0.63% and a negative net margin of 6.17%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned ($0.33) EPS. AMC Entertainment’s quarterly revenue was up 3.6% compared to the same quarter last year.

A number of other research firms have also issued reports on AMC. MKM Partners lowered shares of AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a report on Friday, September 14th. They noted that the move was a valuation call. ValuEngine raised shares of AMC Entertainment from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Barrington Research reaffirmed a “buy” rating on shares of AMC Entertainment in a report on Friday, October 19th. Wedbush raised shares of AMC Entertainment to a “buy” rating and set a $25.00 target price for the company in a report on Monday, September 17th. Finally, William Blair reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, September 17th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $21.81.

AMC Entertainment stock opened at $15.54 on Tuesday. AMC Entertainment has a 52-week low of $11.50 and a 52-week high of $21.45. The firm has a market cap of $2.00 billion, a PE ratio of -17.46, a price-to-earnings-growth ratio of 97.88 and a beta of 0.83. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 4.27.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Monday, December 10th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, December 7th. This represents a $0.80 annualized dividend and a dividend yield of 5.15%. AMC Entertainment’s payout ratio is -89.89%.

In other news, Director Wanda America Investment Holdi sold 75,826,927 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Mcdonald sold 17,500 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $18.70, for a total transaction of $327,250.00. Following the transaction, the executive vice president now directly owns 39,462 shares in the company, valued at approximately $737,939.40. The disclosure for this sale can be found here. Insiders own 0.01% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new position in AMC Entertainment in the third quarter valued at about $21,446,000. Kornitzer Capital Management Inc. KS lifted its position in AMC Entertainment by 14.9% in the third quarter. Kornitzer Capital Management Inc. KS now owns 64,850 shares of the company’s stock valued at $1,329,000 after buying an additional 8,400 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in AMC Entertainment in the third quarter valued at about $378,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in AMC Entertainment in the third quarter valued at about $12,701,000. Finally, Standard Life Aberdeen plc acquired a new position in AMC Entertainment in the third quarter valued at about $990,000. 40.23% of the stock is currently owned by institutional investors.

About AMC Entertainment

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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