FBR & Co Research Analysts Reduce Earnings Estimates for AMC Entertainment Holdings Inc. (AMC)
AMC Entertainment Holdings Inc. (NYSE:AMC) – Equities researchers at FBR & Co dropped their Q3 2016 earnings per share estimates for AMC Entertainment Holdings in a report released on Monday. FBR & Co analyst B. Crockett now forecasts that the brokerage will post earnings per share of $0.31 for the quarter, down from their prior estimate of $0.39. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for AMC Entertainment Holdings’ FY2016 earnings at $1.23 EPS.
A number of other equities research analysts have also recently issued reports on the company. Loop Capital assumed coverage on AMC Entertainment Holdings in a research report on Tuesday, August 23rd. They set a “buy” rating and a $35.00 price target on the stock. Zacks Investment Research cut AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. MKM Partners reiterated a “buy” rating and set a $33.00 price target on shares of AMC Entertainment Holdings in a research report on Sunday, July 17th. B. Riley reiterated a “buy” rating and set a $34.75 price target on shares of AMC Entertainment Holdings in a research report on Monday, June 27th. Finally, Wedbush reiterated a “buy” rating and set a $33.00 price target on shares of AMC Entertainment Holdings in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $32.50.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 31.50 on Tuesday. The firm has a market capitalization of $3.06 billion, a P/E ratio of 29.17 and a beta of 1.56. AMC Entertainment Holdings has a 52-week low of $19.28 and a 52-week high of $32.83. The company’s 50-day moving average is $31.07 and its 200 day moving average is $29.12.
AMC Entertainment Holdings (NYSE:AMC) last posted its earnings results on Monday, August 1st. The company reported $0.24 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 had revenue of $764 million for the quarter, compared to analyst estimates of $772.99 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was down 7.0% on a year-over-year basis.
Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in shares of AMC Entertainment Holdings by 2.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 70,988 shares of the company’s stock valued at $1,960,000 after buying an additional 1,452 shares in the last quarter. B. Riley Financial Inc. bought a new stake in AMC Entertainment Holdings during the second quarter worth $218,000. Highbridge Capital Management LLC bought a new stake in AMC Entertainment Holdings during the second quarter worth $793,000. Blackstone Group L.P. bought a new stake in AMC Entertainment Holdings during the second quarter worth $246,000. Finally, AQR Capital Management LLC raised its stake in AMC Entertainment Holdings by 28.5% in the second quarter. AQR Capital Management LLC now owns 103,277 shares of the company’s stock worth $2,851,000 after buying an additional 22,932 shares during the period. 21.59% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Adam M. Aron bought 10,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was acquired at an average price of $28.80 per share, with a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.29% of the stock is owned by company insiders.
The company also recently announced 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 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, September 1st. AMC Entertainment Holdings’s dividend payout ratio is currently 74.77%.
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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