AMC Entertainment (NYSE:AMC) is set to issue its quarterly earnings data after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of ($0.46) per share for the quarter.
AMC opened at $19.18 on Tuesday. The stock has a market capitalization of $2.42 billion, a PE ratio of -21.55, a P/E/G ratio of 118.75 and a beta of 0.83. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. AMC Entertainment has a 12 month low of $10.80 and a 12 month high of $21.45.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Monday, December 10th will be issued a $0.20 dividend. The ex-dividend date is Friday, December 7th. This represents a $0.80 annualized dividend and a dividend yield of 4.17%. AMC Entertainment’s dividend payout ratio is currently -89.89%.
In related news, EVP John D. Mcdonald sold 17,500 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $18.70, for a total transaction of $327,250.00. Following the transaction, the executive vice president now owns 39,462 shares in the company, valued at approximately $737,939.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $138,005,007.14. The disclosure for this sale can be found here. 0.01% of the stock is owned by insiders.
AMC has been the topic of several analyst reports. Imperial Capital initiated coverage on AMC Entertainment in a report on Wednesday, July 11th. They issued an “outperform” rating and a $23.00 price objective on the stock. Zacks Investment Research downgraded AMC Entertainment from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Wedbush upgraded AMC Entertainment to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, July 24th. ValuEngine upgraded AMC Entertainment from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, MKM Partners downgraded AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a report on Friday, September 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. AMC Entertainment has a consensus rating of “Buy” and an average price target of $20.28.
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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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