AMC Entertainment Holdings Inc. (NYSE:AMC) – Equities research analysts at FBR & Co lowered their Q3 2016 earnings per share (EPS) estimates for shares of AMC Entertainment Holdings in a research note issued to investors on Monday. FBR & Co analyst B. Crockett now anticipates that the firm will post earnings of $0.31 per share for the quarter, down from their previous forecast of $0.39. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for AMC Entertainment Holdings’ FY2016 earnings at $1.23 EPS.
AMC Entertainment Holdings (NYSE:AMC) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.03. AMC Entertainment Holdings had a net margin of 3.53% and a return on equity of 6.83%. The company had revenue of $764 million for the quarter, compared to analyst estimates of $772.99 million. During the same quarter in the prior year, the company posted $0.45 EPS. AMC Entertainment Holdings’s revenue for the quarter was down 7.0% on a year-over-year basis.
Several other equities analysts have also commented on AMC. Loop Capital initiated coverage on shares of AMC Entertainment Holdings in a report on Tuesday, August 23rd. They set a “buy” rating and a $35.00 target price on the stock. Wedbush reaffirmed a “buy” rating and set a $33.00 target price on shares of AMC Entertainment Holdings in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of AMC Entertainment Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 2nd. MKM Partners reissued a “buy” rating and issued a $33.00 price target on shares of AMC Entertainment Holdings in a report on Sunday, July 17th. Finally, B. Riley reissued a “buy” rating and issued a $34.75 price target on shares of AMC Entertainment Holdings in a report on Monday, June 27th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $32.50.
AMC Entertainment Holdings (NYSE:AMC) opened at 31.90 on Tuesday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 29.54 and a beta of 1.56. AMC Entertainment Holdings has a one year low of $19.28 and a one year high of $32.83. The stock’s 50 day moving average is $31.13 and its 200 day moving average is $29.14.
A number of hedge funds and other institutional investors have recently modified their holdings of AMC. Emerald Acquisition Ltd. acquired a new position in shares of AMC Entertainment Holdings during the second quarter worth about $7,395,000. Vanguard Group Inc. boosted its position in shares of AMC Entertainment Holdings by 13.6% in the second quarter. Vanguard Group Inc. now owns 2,005,153 shares of the company’s stock worth $55,362,000 after buying an additional 239,379 shares during the period. Prudential Financial Inc. boosted its position in shares of AMC Entertainment Holdings by 1,290.9% in the second quarter. Prudential Financial Inc. now owns 191,250 shares of the company’s stock worth $5,280,000 after buying an additional 177,500 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of AMC Entertainment Holdings by 38.9% in the second quarter. UBS Asset Management Americas Inc. now owns 513,055 shares of the company’s stock worth $14,166,000 after buying an additional 143,713 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of AMC Entertainment Holdings by 16.6% in the second quarter. Dimensional Fund Advisors LP now owns 848,227 shares of the company’s stock worth $23,419,000 after buying an additional 120,769 shares during the period. 21.59% of the stock is owned by institutional investors.
In other AMC Entertainment Holdings news, CEO Adam M. Aron purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was bought at an average cost of $28.80 per share, with a total value of $288,000.00. Following the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $576,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.29% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Tuesday, September 6th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.51%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is currently 74.77%.
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. The Company operates through theatrical exhibition operations segment.
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.