AMC Entertainment Holdings Inc (NYSE:AMC) – Investment analysts at Imperial Capital cut their Q3 2019 earnings per share (EPS) estimates for AMC Entertainment in a report issued on Thursday, May 16th. Imperial Capital analyst D. Miller now forecasts that the company will post earnings per share of ($0.14) for the quarter, down from their prior forecast of ($0.13). Imperial Capital has a “Outperform” rating and a $23.00 price target on the stock. Imperial Capital also issued estimates for AMC Entertainment’s Q1 2020 earnings at ($0.45) EPS and Q3 2020 earnings at ($0.10) EPS.
A number of other equities research analysts have also commented on AMC. B. Riley lowered AMC Entertainment from a “buy” rating to a “neutral” rating and dropped their target price for the company from $29.00 to $17.00 in a research report on Tuesday, January 22nd. Bank of America lowered AMC Entertainment from a “neutral” rating to an “underperform” rating in a research report on Friday, January 25th. Loop Capital started coverage on AMC Entertainment in a research report on Thursday, January 31st. They issued a “hold” rating and a $15.00 target price on the stock. MKM Partners dropped their target price on AMC Entertainment to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 12th. Finally, Wedbush restated an “outperform” rating and issued a $22.00 price objective on shares of AMC Entertainment in a research report on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.78.
AMC Entertainment (NYSE:AMC) last issued its earnings results on Thursday, May 9th. The company reported ($1.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.74). The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. AMC Entertainment had a negative net margin of 0.72% and a negative return on equity of 11.59%. AMC Entertainment’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS.
Hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of AMC Entertainment during the 1st quarter worth approximately $25,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of AMC Entertainment by 697.9% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,250 shares of the company’s stock worth $33,000 after buying an additional 1,968 shares during the period. Captrust Financial Advisors acquired a new position in shares of AMC Entertainment during the 4th quarter worth approximately $44,000. Sun Life Financial INC acquired a new position in shares of AMC Entertainment during the 4th quarter worth approximately $69,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of AMC Entertainment during the 4th quarter worth approximately $75,000. 51.87% of the stock is owned by institutional investors and hedge funds.
In other news, EVP John D. Mcdonald sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $15.75, for a total transaction of $118,125.00. Following the completion of the transaction, the executive vice president now directly owns 54,746 shares of the company’s stock, valued at approximately $862,249.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Raymond C. Stachowiak bought 160,559 shares of AMC Entertainment stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average cost of $2.73 per share, with a total value of $438,326.07. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.80 annualized dividend and a yield of 6.06%. AMC Entertainment’s dividend payout ratio is presently 615.38%.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.
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