Wedbush Comments on AMC Entertainment Holdings Inc.’s Q3 2016 Earnings (AMC)
AMC Entertainment Holdings Inc. (NYSE:AMC) – Research analysts at Wedbush increased their Q3 2016 EPS estimates for shares of AMC Entertainment Holdings in a research note issued on Wednesday. Wedbush analyst M. Pachter now expects that the firm will post earnings per share of $0.30 for the quarter, up from their previous forecast of $0.16. Wedbush currently has a “Outperform” rating and a $33.00 target price on the stock. Wedbush also issued estimates for AMC Entertainment Holdings’ FY2016 earnings at $1.01 EPS, Q1 2017 earnings at $0.18 EPS, Q2 2017 earnings at $0.44 EPS, Q4 2017 earnings at $0.40 EPS and FY2017 earnings at $1.29 EPS.
Several other brokerages have also weighed in on AMC. B. Riley reiterated a “buy” rating and issued a $37.00 price objective on shares of AMC Entertainment Holdings in a research report on Sunday, July 31st. MKM Partners increased their price objective on AMC Entertainment Holdings from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. FBR & Co reiterated a “buy” rating on shares of AMC Entertainment Holdings in a research report on Tuesday, August 2nd. Loop Capital assumed coverage on AMC Entertainment Holdings in a research note on Tuesday, August 23rd. They set a “buy” rating and a $35.00 price target on the stock. Finally, 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 target on the stock. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. AMC Entertainment Holdings has an average rating of “Buy” and a consensus price target of $32.50.
Shares of AMC Entertainment Holdings (NYSE:AMC) traded down 0.28% on Friday, reaching $31.57. The company had a trading volume of 70,004 shares. The firm has a market capitalization of $3.07 billion, a PE ratio of 29.23 and a beta of 1.57. AMC Entertainment Holdings has a 12 month low of $19.28 and a 12 month high of $32.28. The firm’s 50 day moving average is $30.28 and its 200 day moving average is $28.86.
AMC Entertainment Holdings (NYSE:AMC) last announced its earnings results on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ 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 had revenue of $764 million for the quarter, compared to analysts’ expectations of $772.99 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, September 6th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, September 1st. AMC Entertainment Holdings’s dividend payout ratio is presently 74.77%.
In other AMC Entertainment Holdings news, CEO Adam M. Aron purchased 10,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were bought at an average cost of $28.80 per share, for a total transaction of $288,000.00. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares in the company, valued at $576,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.29% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Swiss National Bank boosted its stake in AMC Entertainment Holdings by 2.1% in the second quarter. Swiss National Bank now owns 33,400 shares of the company’s stock worth $922,000 after buying an additional 700 shares in the last quarter. California State Teachers Retirement System boosted its stake in AMC Entertainment Holdings by 1.0% in the second quarter. California State Teachers Retirement System now owns 45,389 shares of the company’s stock worth $1,253,000 after buying an additional 432 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in AMC Entertainment Holdings by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 204,604 shares of the company’s stock worth $5,648,000 after buying an additional 8,857 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in AMC Entertainment Holdings during the second quarter worth $576,000. Finally, American Century Companies Inc. boosted its stake in AMC Entertainment Holdings by 3.8% in the second quarter. American Century Companies Inc. now owns 234,056 shares of the company’s stock worth $6,462,000 after buying an additional 8,620 shares in the last quarter. Institutional investors 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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