AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) announced a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Monday, August 15th will be paid a dividend of 0.01 per share on Friday, August 19th. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Friday, August 12th.
AMC Entertainment Stock Performance
NYSE AMC traded up $3.52 during trading on Friday, reaching $22.18. 125,780,168 shares of the company’s stock were exchanged, compared to its average volume of 36,927,912. The company has a 50 day moving average price of $14.26 and a two-hundred day moving average price of $15.90. AMC Entertainment has a 1 year low of $9.70 and a 1 year high of $52.79. The stock has a market cap of $11.46 billion, a P/E ratio of -13.95 and a beta of 1.64.
AMC Entertainment (NYSE:AMC – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.03). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business earned ($0.71) EPS. The business’s quarterly revenue was up 162.3% on a year-over-year basis. Research analysts forecast that AMC Entertainment will post -1.13 EPS for the current fiscal year.
Institutional Investors Weigh In On AMC Entertainment
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research report on Wednesday, July 20th. B. Riley dropped their price target on AMC Entertainment from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 21st. Wedbush restated an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Tuesday. Citigroup dropped their price target on AMC Entertainment from $6.00 to $5.00 and set a “sell” rating on the stock in a research report on Thursday, July 7th. Finally, The Goldman Sachs Group lowered their price objective on AMC Entertainment to $34.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $13.50.
About AMC Entertainment
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
- Get a free copy of the StockNews.com research report on AMC Entertainment (AMC)
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