$0.17 EPS Expected for AMC Entertainment Holdings Inc (NYSE:AMC) This Quarter

Brokerages expect AMC Entertainment Holdings Inc (NYSE:AMC) to post earnings per share of $0.17 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for AMC Entertainment’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.04. AMC Entertainment also posted earnings per share of $0.17 during the same quarter last year. The company is scheduled to report its next earnings report before the market opens on Thursday, August 8th.

On average, analysts expect that AMC Entertainment will report full-year earnings of ($0.70) per share for the current financial year, with EPS estimates ranging from ($0.91) to ($0.48). For the next fiscal year, analysts anticipate that the business will report earnings of $0.08 per share, with EPS estimates ranging from ($0.12) to $0.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for AMC Entertainment.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Thursday, May 9th. The company reported ($1.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.74). AMC Entertainment had a negative net margin of 0.72% and a negative return on equity of 11.59%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business earned $0.14 EPS. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year.

A number of equities analysts recently weighed in on the company. Wedbush reiterated an “outperform” rating and issued a $15.00 price target on shares of AMC Entertainment in a research report on Wednesday. MKM Partners decreased their price target on AMC Entertainment to $8.50 and set a “neutral” rating for the company in a research report on Monday, July 15th. Benchmark decreased their price target on AMC Entertainment from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, May 13th. Credit Suisse Group assumed coverage on AMC Entertainment in a research report on Friday, July 19th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, Loop Capital reiterated a “hold” rating on shares of AMC Entertainment in a research report on Wednesday, July 3rd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $16.41.

Shares of NYSE:AMC traded up $0.36 during midday trading on Friday, reaching $11.62. The company had a trading volume of 2,870,064 shares, compared to its average volume of 3,053,888. The company has a debt-to-equity ratio of 7.43, a quick ratio of 0.33 and a current ratio of 0.33. AMC Entertainment has a 1-year low of $8.73 and a 1-year high of $21.45. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 89.38 and a beta of 0.85. The company has a fifty day simple moving average of $10.20.

In other AMC Entertainment news, Director Raymond C. Stachowiak acquired 160,559 shares of AMC Entertainment stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average cost of $2.73 per share, with a total value of $438,326.07. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in AMC. BlackRock Inc. lifted its stake in AMC Entertainment by 3.0% in the 4th quarter. BlackRock Inc. now owns 3,668,500 shares of the company’s stock worth $45,050,000 after acquiring an additional 105,284 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in AMC Entertainment by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,959,453 shares of the company’s stock worth $24,062,000 after acquiring an additional 74,905 shares in the last quarter. Stifel Financial Corp purchased a new stake in AMC Entertainment in the 4th quarter worth about $140,000. Geode Capital Management LLC lifted its stake in AMC Entertainment by 11.6% in the 4th quarter. Geode Capital Management LLC now owns 556,016 shares of the company’s stock worth $6,827,000 after acquiring an additional 57,953 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in AMC Entertainment by 641.1% in the 4th quarter. Two Sigma Advisers LP now owns 79,300 shares of the company’s stock worth $974,000 after acquiring an additional 68,600 shares in the last quarter. 49.10% of the stock is owned by hedge funds and other institutional investors.

About AMC Entertainment

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.

Read More: What is a Special Dividend?

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

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

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

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