Brokerages predict that AMC Entertainment Holdings, Inc. (NYSE:AMC) will post $1.19 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for AMC Entertainment Holdings’ earnings. The lowest sales estimate is $1.14 billion and the highest is $1.26 billion. AMC Entertainment Holdings posted sales of $779.77 million in the same quarter last year, which suggests a positive year over year growth rate of 52.6%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 6th.

On average, analysts expect that AMC Entertainment Holdings will report full-year sales of $1.19 billion for the current year, with estimates ranging from $5.12 billion to $5.18 billion. For the next year, analysts anticipate that the company will report sales of $5.44 billion per share, with estimates ranging from $5.34 billion to $5.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow AMC Entertainment Holdings.

AMC Entertainment Holdings (NYSE:AMC) last issued its earnings results on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of $0.06 by $1.41. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. AMC Entertainment Holdings had a negative return on equity of 3.61% and a negative net margin of 2.49%. The firm’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same period last year, the business earned $0.24 earnings per share.

A number of research analysts have commented on the company. B. Riley reaffirmed a “buy” rating and issued a $32.50 price objective on shares of AMC Entertainment Holdings in a report on Thursday. Barrington Research reiterated an “outperform” rating and set a $23.00 target price on shares of AMC Entertainment Holdings in a research report on Tuesday. Loop Capital reiterated a “buy” rating and set a $33.00 target price (down from $39.00) on shares of AMC Entertainment Holdings in a research report on Tuesday. Royal Bank Of Canada cut their target price on AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Wedbush reiterated a “buy” rating and set a $22.75 target price (down from $36.00) on shares of AMC Entertainment Holdings in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. AMC Entertainment Holdings presently has an average rating of “Hold” and a consensus target price of $29.96.

TRADEMARK VIOLATION NOTICE: This report was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/11/amc-entertainment-holdings-inc-amc-expected-to-announce-quarterly-sales-of-1-19-billion.html.

In other news, SVP Kevin M. Connor bought 4,000 shares of the stock in a transaction on Thursday, June 8th. The stock was acquired at an average price of $23.52 per share, with a total value of $94,080.00. Following the acquisition, the senior vice president now directly owns 40,705 shares in the company, valued at $957,381.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Adam M. Aron bought 10,000 shares of the stock in a transaction on Friday, June 2nd. The stock was purchased at an average cost of $24.72 per share, with a total value of $247,200.00. Following the acquisition, the chief executive officer now owns 90,426 shares in the company, valued at $2,235,330.72. The disclosure for this purchase can be found here. 0.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of AMC Entertainment Holdings by 46,484.0% in the first quarter. BlackRock Inc. now owns 3,352,184 shares of the company’s stock worth $105,428,000 after buying an additional 3,344,988 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of AMC Entertainment Holdings by 409.9% in the second quarter. Schroder Investment Management Group now owns 3,867,048 shares of the company’s stock valued at $91,456,000 after buying an additional 3,108,645 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of AMC Entertainment Holdings during the first quarter valued at $73,011,000. Vanguard Group Inc. boosted its stake in shares of AMC Entertainment Holdings by 59.8% in the first quarter. Vanguard Group Inc. now owns 4,840,316 shares of the company’s stock valued at $152,228,000 after buying an additional 1,811,552 shares during the last quarter. Finally, Mittleman Brothers LLC boosted its stake in shares of AMC Entertainment Holdings by 90.1% in the second quarter. Mittleman Brothers LLC now owns 1,442,941 shares of the company’s stock valued at $32,827,000 after buying an additional 684,072 shares during the last quarter. 42.02% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Holdings (NYSE AMC) opened at 14.45 on Friday. AMC Entertainment Holdings has a 1-year low of $14.40 and a 1-year high of $35.65. The firm’s market capitalization is $1.89 billion. The firm’s 50-day moving average price is $20.47 and its 200 day moving average price is $27.01.

AMC Entertainment Holdings declared that its Board of Directors has initiated a share repurchase program on Thursday, August 3rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 58% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th will be issued a $0.20 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 5.54%. AMC Entertainment Holdings’s payout ratio is presently -125.00%.

About AMC Entertainment Holdings

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.

Get a free copy of the Zacks research report on AMC Entertainment Holdings (AMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AMC Entertainment Holdings (NYSE:AMC)

Receive News & Ratings for AMC Entertainment Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.