AMC Entertainment Holdings Inc (NYSE:AMC) – Equities research analysts at Wedbush cut their Q4 2017 EPS estimates for shares of AMC Entertainment in a note issued to investors on Monday, according to Zacks Investment Research. Wedbush analyst M. Pachter now forecasts that the company will earn $0.31 per share for the quarter, down from their previous estimate of $0.36. Wedbush has a “Buy” rating and a $19.00 price objective on the stock. Wedbush also issued estimates for AMC Entertainment’s Q4 2018 earnings at $0.34 EPS.
Several other brokerages also recently weighed in on AMC. Zacks Investment Research downgraded shares of AMC Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. MKM Partners reaffirmed a “buy” rating and set a $28.00 price target on shares of AMC Entertainment in a report on Monday, September 18th. B. Riley set a $30.00 price target on shares of AMC Entertainment and gave the company a “buy” rating in a report on Tuesday, November 14th. Credit Suisse Group lowered their price target on shares of AMC Entertainment from $14.00 to $12.00 and set an “underperform” rating on the stock in a report on Thursday, September 28th. Finally, Royal Bank of Canada downgraded shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. AMC Entertainment has an average rating of “Hold” and an average target price of $24.15.
AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. The business’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Monday, December 4th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend was Friday, December 1st. AMC Entertainment’s payout ratio is currently -62.50%.
Several institutional investors have recently added to or reduced their stakes in AMC. Public Employees Retirement System of Ohio increased its position in AMC Entertainment by 10,509.5% in the third quarter. Public Employees Retirement System of Ohio now owns 96,228 shares of the company’s stock worth $1,415,000 after purchasing an additional 95,321 shares during the last quarter. Independent Advisor Alliance bought a new stake in AMC Entertainment in the third quarter worth $291,000. PVG Asset Management Corp bought a new stake in AMC Entertainment in the third quarter worth $2,340,000. California Public Employees Retirement System increased its position in AMC Entertainment by 50.8% in the third quarter. California Public Employees Retirement System now owns 61,278 shares of the company’s stock worth $901,000 after purchasing an additional 20,644 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in AMC Entertainment by 47.7% in the third quarter. Janus Henderson Group PLC now owns 4,142,367 shares of the company’s stock worth $60,893,000 after purchasing an additional 1,338,462 shares during the last quarter. Hedge funds and other institutional investors own 48.60% of the company’s stock.
About AMC Entertainment
AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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