-$0.45 EPS Expected for AMC Entertainment Holdings Inc (AMC) This Quarter

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Equities research analysts forecast that AMC Entertainment Holdings Inc (NYSE:AMC) will post ($0.45) earnings per share for the current quarter, Zacks reports. Five analysts have provided estimates for AMC Entertainment’s earnings. The highest EPS estimate is ($0.36) and the lowest is ($0.55). AMC Entertainment reported earnings per share of ($0.33) in the same quarter last year, which would suggest a negative year over year growth rate of 36.4%. The firm is scheduled to issue its next earnings report on Monday, November 5th.

On average, analysts expect that AMC Entertainment will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.00 to $0.19. For the next year, analysts forecast that the firm will report earnings of $0.45 per share, with EPS estimates ranging from ($0.02) to $0.94. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow AMC Entertainment.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Wednesday, August 1st. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. AMC Entertainment had a positive return on equity of 1.70% and a negative net margin of 5.15%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company posted ($1.35) EPS. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year.

Several research analysts have recently commented on the company. MKM Partners downgraded AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research note on Friday, September 14th. They noted that the move was a valuation call. Wedbush upgraded AMC Entertainment to a “buy” rating and set a $25.00 price target for the company in a research note on Monday. William Blair restated a “hold” rating on shares of AMC Entertainment in a research note on Monday. Imperial Capital assumed coverage on AMC Entertainment in a research note on Wednesday, July 11th. They issued an “outperform” rating and a $23.00 price target for the company. Finally, Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, June 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.28.

Shares of NYSE AMC opened at $20.75 on Tuesday. The company has a quick ratio of 0.68, a current 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 $21.30. The company has a market cap of $2.63 billion, a PE ratio of 73.75, a price-to-earnings-growth ratio of 17.96 and a beta of 0.84.

The company also recently declared a special dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 25th will be paid a $1.55 dividend. The ex-dividend date of this dividend is Monday, September 24th. This represents a yield of 4.01%. AMC Entertainment’s dividend payout ratio (DPR) is presently -89.89%.

In other AMC Entertainment news, Director Wanda America Investment Holdi sold 75,826,927 shares of AMC Entertainment stock in a transaction on Friday, September 7th. The stock was sold at an average price of $1.82, for a total value of $138,005,007.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Mcdonald sold 17,500 shares of AMC Entertainment stock in a transaction on Monday, July 30th. The shares were sold at an average price of $15.42, for a total value of $269,850.00. Following the completion of the transaction, the executive vice president now directly owns 56,961 shares of the company’s stock, valued at $878,338.62. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. raised its holdings in AMC Entertainment by 18.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 43,855 shares of the company’s stock valued at $697,000 after acquiring an additional 6,707 shares in the last quarter. Millennium Management LLC raised its holdings in AMC Entertainment by 416.0% in the 2nd quarter. Millennium Management LLC now owns 791,950 shares of the company’s stock valued at $12,592,000 after acquiring an additional 638,484 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in AMC Entertainment in the 2nd quarter valued at $288,000. Paloma Partners Management Co acquired a new position in AMC Entertainment in the 2nd quarter valued at $242,000. Finally, Macquarie Group Ltd. acquired a new position in AMC Entertainment in the 2nd quarter valued at $165,000. 40.02% of the stock is owned by hedge funds and other institutional investors.

About AMC Entertainment

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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