Wedbush Weighs in on AMC Entertainment Holdings Inc’s Q2 2018 Earnings (AMC)
AMC Entertainment Holdings Inc (NYSE:AMC) – Analysts at Wedbush lifted their Q2 2018 EPS estimates for AMC Entertainment in a research report issued on Friday. Wedbush analyst M. Pachter now anticipates that the company will post earnings of $0.07 per share for the quarter, up from their prior estimate of $0.03. Wedbush has a “Buy” rating and a $19.00 price objective on the stock. Wedbush also issued estimates for AMC Entertainment’s Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at $0.64 EPS and FY2019 earnings at $0.81 EPS.
AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Thursday, March 1st. The company reported ($2.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($2.41). AMC Entertainment had a negative return on equity of 5.81% and a negative net margin of 9.59%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the business earned $0.33 EPS. The business’s quarterly revenue was up 53.0% compared to the same quarter last year.
AMC Entertainment (NYSE AMC) opened at $15.75 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01. AMC Entertainment has a twelve month low of $10.80 and a twelve month high of $32.10. The stock has a market capitalization of $2,030.00, a PE ratio of -12.02 and a beta of 0.84.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date is Friday, March 9th. AMC Entertainment’s dividend payout ratio is presently -61.07%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. boosted its holdings in AMC Entertainment by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after purchasing an additional 372 shares in the last quarter. Advisor Group Inc. boosted its holdings in AMC Entertainment by 445.3% in the 4th quarter. Advisor Group Inc. now owns 9,380 shares of the company’s stock valued at $141,000 after purchasing an additional 7,660 shares in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in AMC Entertainment in the 3rd quarter valued at approximately $147,000. Deprince Race & Zollo Inc. purchased a new stake in AMC Entertainment in the 4th quarter valued at approximately $151,000. Finally, Pitcairn Co. purchased a new stake in AMC Entertainment in the 4th quarter valued at approximately $238,000. 49.57% of the stock is currently owned by institutional investors.
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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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