AMC Entertainment Holdings, Inc. (NYSE:AMC) Forecasted to Earn Q2 2024 Earnings of ($0.20) Per Share

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Research analysts at Wedbush boosted their Q2 2024 earnings estimates for shares of AMC Entertainment in a note issued to investors on Monday, May 20th. Wedbush analyst A. Reese now anticipates that the company will post earnings of ($0.20) per share for the quarter, up from their previous estimate of ($0.22). Wedbush currently has a “Neutral” rating and a $3.50 target price on the stock. The consensus estimate for AMC Entertainment’s current full-year earnings is ($0.62) per share. Wedbush also issued estimates for AMC Entertainment’s Q3 2024 earnings at $0.02 EPS, Q4 2024 earnings at $0.02 EPS, FY2024 earnings at ($0.62) EPS, Q1 2025 earnings at ($0.29) EPS, Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at ($0.26) EPS and FY2026 earnings at ($0.06) EPS.

AMC has been the topic of a number of other reports. B. Riley dropped their target price on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Citigroup boosted their target price on AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a report on Tuesday, May 14th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, AMC Entertainment has a consensus rating of “Reduce” and a consensus price target of $5.54.

AMC Entertainment Stock Down 9.6 %

Shares of AMC opened at $4.58 on Wednesday. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $62.30. The stock has a 50 day moving average price of $3.65 and a 200 day moving average price of $4.97. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -3.60 and a beta of 1.69.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.70) by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion.

Institutional Trading of AMC Entertainment

Several large investors have recently modified their holdings of AMC. Public Employees Retirement System of Ohio lifted its stake in shares of AMC Entertainment by 14.0% during the first quarter. Public Employees Retirement System of Ohio now owns 95,472 shares of the company’s stock valued at $355,000 after buying an additional 11,760 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in AMC Entertainment by 24.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock valued at $245,000 after acquiring an additional 12,975 shares during the last quarter. Boulder Hill Capital Management LP purchased a new position in shares of AMC Entertainment during the 1st quarter worth $2,842,000. Vanguard Group Inc. boosted its holdings in shares of AMC Entertainment by 22.9% during the first quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock worth $92,273,000 after purchasing an additional 4,617,007 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its position in shares of AMC Entertainment by 61.9% in the first quarter. HBK Sorce Advisory LLC now owns 44,459 shares of the company’s stock valued at $165,000 after purchasing an additional 17,000 shares during the period. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.