Brokers Offer Predictions for AMC Entertainment Holdings Inc.’s Q4 2016 Earnings (AMC)
AMC Entertainment Holdings Inc. (NYSE:AMC) – Analysts at Wedbush dropped their Q4 2016 earnings estimates for AMC Entertainment Holdings in a research report issued on Wednesday. Wedbush analyst M. Pachter now anticipates that the brokerage will post earnings per share of $0.20 for the quarter, down from their previous estimate of $0.29. Wedbush currently has a “Outperform” rating and a $33.00 target price on the stock. Wedbush also issued estimates for AMC Entertainment Holdings’ Q3 2017 earnings at $0.27 EPS.
AMC has been the topic of a number of other research reports. Loop Capital started coverage on AMC Entertainment Holdings in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 target price on the stock. Credit Suisse Group AG assumed coverage on AMC Entertainment Holdings in a research note on Monday, June 13th. They set an “outperform” rating and a $34.00 price objective on the stock. MKM Partners reaffirmed a “buy” rating and set a $33.00 price objective on shares of AMC Entertainment Holdings in a research note on Sunday, July 17th. Zacks Investment Research cut AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, FBR & Co reaffirmed a “buy” rating on shares of AMC Entertainment Holdings in a research note on Tuesday, August 2nd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $32.50.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 31.66 on Thursday. The company has a market capitalization of $3.08 billion, a P/E ratio of 29.31 and a beta of 1.57. AMC Entertainment Holdings has a one year low of $19.28 and a one year high of $32.28. The firm has a 50 day moving average price of $30.28 and a 200 day moving average price of $28.86.
AMC Entertainment Holdings (NYSE:AMC) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.03. AMC Entertainment Holdings had a return on equity of 6.83% and a net margin of 3.53%. The business earned $764 million during the quarter, compared to the consensus estimate of $772.99 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue was down 7.0% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, September 6th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.80 annualized dividend and a yield of 2.53%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently 74.77%.
In related news, CEO Adam M. Aron acquired 10,000 shares of the stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of $28.80 per share, for a total transaction of $288,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $576,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.29% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of AMC Entertainment Holdings by 290.2% in the second quarter. BlackRock Inc. now owns 5,463 shares of the company’s stock valued at $151,000 after buying an additional 4,063 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in shares of AMC Entertainment Holdings during the second quarter valued at approximately $208,000. B. Riley Financial Inc. acquired a new position in AMC Entertainment Holdings during the second quarter valued at about $218,000. AXA acquired a new position in AMC Entertainment Holdings during the first quarter valued at about $238,000. Finally, Blackstone Group L.P. acquired a new position in AMC Entertainment Holdings during the second quarter valued at about $246,000. Institutional investors and hedge funds own 21.59% of the company’s stock.
AMC Entertainment Holdings Company Profile
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. The Company operates through theatrical exhibition operations segment.
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