Wall Street brokerages predict that AMC Entertainment Holdings Inc (NYSE:AMC) will post $1.49 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for AMC Entertainment’s earnings, with estimates ranging from $1.45 billion to $1.57 billion. AMC Entertainment reported sales of $1.44 billion in the same quarter last year, which indicates a positive year over year growth rate of 3.5%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, August 8th.
On average, analysts expect that AMC Entertainment will report full-year sales of $5.53 billion for the current year, with estimates ranging from $5.52 billion to $5.55 billion. For the next year, analysts anticipate that the firm will report sales of $5.69 billion, with estimates ranging from $5.61 billion to $5.77 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for AMC Entertainment.
AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($1.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.74). AMC Entertainment had a negative return on equity of 11.59% and a negative net margin of 0.72%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company earned $0.14 EPS. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year.
A number of research analysts have weighed in on AMC shares. Wedbush reissued an “outperform” rating and set a $15.00 price target on shares of AMC Entertainment in a research note on Wednesday, July 31st. Roth Capital started coverage on AMC Entertainment in a report on Friday, July 19th. They set an “outperform” rating and a $18.00 price objective for the company. MKM Partners dropped their price objective on AMC Entertainment to $8.50 and set a “neutral” rating for the company in a report on Monday, July 15th. ValuEngine upgraded AMC Entertainment from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Finally, Barrington Research restated a “buy” rating on shares of AMC Entertainment in a report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. AMC Entertainment presently has an average rating of “Buy” and a consensus target price of $16.41.
In related news, Director Raymond C. Stachowiak purchased 160,559 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average cost of $2.73 per share, for a total transaction of $438,326.07. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. increased its stake in shares of AMC Entertainment by 14.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,990 shares of the company’s stock valued at $104,000 after purchasing an additional 908 shares during the period. Legal & General Group Plc increased its stake in shares of AMC Entertainment by 16.0% during the fourth quarter. Legal & General Group Plc now owns 9,306 shares of the company’s stock valued at $114,000 after acquiring an additional 1,287 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in shares of AMC Entertainment during the first quarter valued at approximately $164,000. Hollencrest Capital Management increased its stake in shares of AMC Entertainment by 10.9% during the first quarter. Hollencrest Capital Management now owns 11,251 shares of the company’s stock valued at $167,000 after acquiring an additional 1,103 shares during the period. Finally, Stifel Financial Corp acquired a new position in shares of AMC Entertainment during the fourth quarter valued at approximately $140,000. Hedge funds and other institutional investors own 48.67% of the company’s stock.
Shares of AMC Entertainment stock traded down $0.52 during trading hours on Monday, reaching $11.10. 2,858,381 shares of the company’s stock were exchanged, compared to its average volume of 1,938,669. AMC Entertainment has a 52-week low of $8.73 and a 52-week high of $21.45. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 85.38 and a beta of 0.85. The company’s fifty day moving average is $10.20. The company has a debt-to-equity ratio of 7.43, a current ratio of 0.33 and a quick ratio of 0.33.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.
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