AMC Entertainment Holdings Inc. (NYSE:AMC) – Stock analysts at Barrington Research raised their Q3 2016 earnings estimates for AMC Entertainment Holdings in a report released on Monday. Barrington Research analyst J. Goss now forecasts that the firm will earn $0.27 per share for the quarter, up from their prior estimate of $0.24. Barrington Research also issued estimates for AMC Entertainment Holdings’ Q4 2016 earnings at $0.32 EPS and FY2016 earnings at $1.10 EPS.
AMC has been the subject of a number of other reports. Loop Capital started coverage on AMC Entertainment Holdings in a research note on Tuesday, August 23rd. They set a “buy” rating and a $35.00 price objective for the company. Wedbush reaffirmed a “buy” rating and set a $33.00 price objective on shares of AMC Entertainment Holdings in a research note on Wednesday, August 3rd. Credit Suisse Group AG started coverage on AMC Entertainment Holdings in a research note on Monday, June 13th. They set an “outperform” rating and a $34.00 price objective for the company. Zacks Investment Research cut AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, MKM Partners reissued a “buy” rating and issued a $33.00 target price on shares of AMC Entertainment Holdings in a research note on Sunday, July 17th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $32.50.
Shares of AMC Entertainment Holdings (NYSE:AMC) traded down 2.14% on Tuesday, hitting $31.53. The stock had a trading volume of 187,297 shares. The firm’s 50 day moving average is $30.69 and its 200-day moving average is $28.98. AMC Entertainment Holdings has a one year low of $19.28 and a one year high of $32.38. The stock has a market capitalization of $3.07 billion, a PE ratio of 29.19 and a beta of 1.56.
AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.03. The company had revenue of $764 million for the quarter, compared to analyst estimates of $772.99 million. AMC Entertainment Holdings had a net margin of 3.53% and a return on equity of 6.83%. The business’s revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in AMC Entertainment Holdings by 290.2% in the second quarter. BlackRock Inc. now owns 5,463 shares of the company’s stock valued at $151,000 after buying an additional 4,063 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in AMC Entertainment Holdings during the second quarter valued at about $208,000. B. Riley Financial Inc. bought a new stake in AMC Entertainment Holdings during the second quarter valued at about $218,000. AXA bought a new stake in AMC Entertainment Holdings during the first quarter valued at about $238,000. Finally, Blackstone Group L.P. bought a new stake in AMC Entertainment Holdings during the second quarter valued at about $246,000. Institutional investors and hedge funds own 21.59% of the company’s stock.
In related news, CEO Adam M. Aron bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of $28.80 per share, for a total transaction of $288,000.00. Following the completion of the acquisition, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $576,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.29% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Tuesday, September 6th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.80 annualized dividend and a yield of 2.48%. AMC Entertainment Holdings’s payout ratio is presently 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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