AMC Entertainment (NYSE:AMC) Announces Quarterly Earnings Results, Misses Estimates By $0.11 EPS

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AMC Entertainment (NYSE:AMC) posted its quarterly earnings results on Thursday. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($0.11), Briefing.com reports. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. AMC Entertainment had a negative net margin of 0.20% and a negative return on equity of 10.94%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.82) EPS.

Shares of NYSE:AMC opened at $9.62 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 7.30. The company has a fifty day simple moving average of $9.85 and a 200 day simple moving average of $11.21. The firm has a market cap of $1.02 billion, a PE ratio of 74.00 and a beta of 0.81. AMC Entertainment has a 12-month low of $8.73 and a 12-month high of $17.84.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.32%. AMC Entertainment’s dividend payout ratio (DPR) is presently 615.38%.

A number of analysts have recently issued reports on the stock. Imperial Capital dropped their price objective on shares of AMC Entertainment from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, October 7th. Bank of America dropped their price objective on shares of AMC Entertainment from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of AMC Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup dropped their price objective on shares of AMC Entertainment from $17.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Finally, Cfra lowered shares of AMC Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $15.50.

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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Earnings History for AMC Entertainment (NYSE:AMC)

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