AMC Entertainment Holdings Inc (NYSE:AMC) – Equities research analysts at Wedbush reduced their Q4 2017 earnings per share estimates for shares of AMC Entertainment in a report issued on Monday, according to Zacks Investment Research. Wedbush analyst M. Pachter now expects that the company will post earnings of $0.31 per share for the quarter, down from their prior estimate of $0.36. Wedbush currently has a “Buy” rating and a $19.00 target price on the stock. Wedbush also issued estimates for AMC Entertainment’s Q4 2018 earnings at $0.34 EPS.
AMC Entertainment (NYSE:AMC) last posted its earnings results on Monday, November 6th. The company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. The firm’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS.
Several other equities analysts have also recently issued reports on AMC. Zacks Investment Research cut AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. B. Riley restated a “buy” rating and issued a $30.00 price target on shares of AMC Entertainment in a research report on Monday, January 22nd. Credit Suisse Group dropped their price target on AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating on the stock in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada cut AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.25.
Shares of AMC Entertainment (NYSE AMC) traded up $0.70 during mid-day trading on Tuesday, reaching $13.50. The company had a trading volume of 2,186,093 shares, compared to its average volume of 2,116,200. The firm has a market cap of $1,625.53, a PE ratio of -10.55 and a beta of 1.37. AMC Entertainment has a 1 year low of $10.80 and a 1 year high of $33.40. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.53 and a quick ratio of 0.53.
Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. boosted its holdings in AMC Entertainment by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after purchasing an additional 372 shares in the last quarter. Seven Eight Capital LP purchased a new stake in shares of AMC Entertainment during the 2nd quarter worth approximately $125,000. Pacer Advisors Inc. boosted its stake in shares of AMC Entertainment by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock worth $127,000 after acquiring an additional 601 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of AMC Entertainment by 574.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock worth $162,000 after acquiring an additional 6,055 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of AMC Entertainment during the 2nd quarter worth approximately $222,000. 48.71% of the stock is currently owned by institutional investors.
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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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