AMC Entertainment Holdings Inc. (NYSE:AMC) – Equities research analysts at Wedbush upped their Q3 2016 earnings estimates for shares of AMC Entertainment Holdings in a research report issued to clients and investors on Wednesday. Wedbush analyst M. Pachter now anticipates that the brokerage will post earnings of $0.30 per share for the quarter, up from their prior forecast of $0.16. Wedbush has a “Outperform” rating and a $33.00 price target on the stock. Wedbush also issued estimates for AMC Entertainment Holdings’ FY2016 earnings at $1.01 EPS, Q1 2017 earnings at $0.18 EPS, Q2 2017 earnings at $0.44 EPS, Q4 2017 earnings at $0.40 EPS and FY2017 earnings at $1.29 EPS.
AMC Entertainment Holdings (NYSE:AMC) last posted 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. The company earned $764 million during the quarter, compared to analyst estimates of $772.99 million. AMC Entertainment Holdings had a return on equity of 6.83% and a net margin of 3.53%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 EPS.
Several other research analysts have also recently commented on the company. Loop Capital began coverage on AMC Entertainment Holdings in a research report on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 target price for the company. B. Riley reaffirmed a “buy” rating and issued a $37.00 target price on shares of AMC Entertainment Holdings in a research report on Friday, August 5th. FBR & Co reiterated a “buy” rating on shares of AMC Entertainment Holdings in a research note on Tuesday, August 2nd. Zacks Investment Research upgraded AMC Entertainment Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, MKM Partners increased their price objective on AMC Entertainment Holdings from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. AMC Entertainment Holdings presently has an average rating of “Buy” and a consensus target price of $32.50.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 31.33 on Friday. The firm has a market cap of $3.05 billion, a P/E ratio of 29.01 and a beta of 1.57. The company has a 50-day moving average of $30.35 and a 200 day moving average of $28.88. AMC Entertainment Holdings has a 12-month low of $19.28 and a 12-month high of $32.28.
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of AMC Entertainment Holdings by 290.2% in the second quarter. BlackRock Inc. now owns 5,463 shares of the company’s stock worth $151,000 after buying an additional 4,063 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of AMC Entertainment Holdings during the second quarter worth approximately $208,000. B. Riley Financial Inc. purchased a new stake in shares of AMC Entertainment Holdings during the second quarter worth approximately $218,000. AXA purchased a new stake in shares of AMC Entertainment Holdings during the first quarter worth approximately $238,000. Finally, Blackstone Group L.P. purchased a new stake in shares of AMC Entertainment Holdings during the second quarter worth approximately $246,000. Hedge funds and other institutional investors own 21.59% of the company’s stock.
In other news, CEO Adam M. Aron acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average cost of $28.80 per share, for a total transaction of $288,000.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at $576,000. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.29% of the stock is owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Tuesday, September 6th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. AMC Entertainment Holdings’s payout ratio is 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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