Analysts Issue Forecasts for AMC Entertainment Holdings, Inc.’s Q1 2024 Earnings (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Analysts at Barrington Research boosted their Q1 2024 earnings per share estimates for AMC Entertainment in a research report issued on Monday, April 22nd. Barrington Research analyst J. Goss now expects that the company will post earnings of ($0.87) per share for the quarter, up from their previous forecast of ($0.94). The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.61) per share. Barrington Research also issued estimates for AMC Entertainment’s FY2024 earnings at ($2.10) EPS, FY2025 earnings at ($1.34) EPS and FY2026 earnings at ($1.11) EPS.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.06 billion.

A number of other equities research analysts also recently commented on AMC. Wedbush decreased their target price on AMC Entertainment from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. B. Riley decreased their price objective on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $5.95.

AMC Entertainment Trading Up 4.0 %

NYSE:AMC opened at $3.41 on Thursday. The company has a market capitalization of $897.78 million, a P/E ratio of -1.45 and a beta of 1.62. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $62.30. The business’s 50-day moving average is $3.83 and its 200 day moving average is $5.72.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMC. Vanguard Group Inc. grew its stake in shares of AMC Entertainment by 48.3% during the fourth quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock valued at $123,548,000 after buying an additional 6,577,228 shares during the last quarter. Norges Bank bought a new position in shares of AMC Entertainment during the fourth quarter valued at approximately $12,605,000. Quadrature Capital Ltd grew its stake in shares of AMC Entertainment by 374.1% during the fourth quarter. Quadrature Capital Ltd now owns 818,077 shares of the company’s stock valued at $5,003,000 after buying an additional 645,541 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of AMC Entertainment by 935.5% during the third quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock valued at $6,506,000 after buying an additional 735,666 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of AMC Entertainment during the third quarter valued at approximately $5,582,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.