AMC Entertainment Holdings Inc (NYSE:AMC) – Equities researchers at Barrington Research dropped their Q4 2019 earnings per share estimates for AMC Entertainment in a research note issued on Wednesday, December 4th. Barrington Research analyst J. Goss now forecasts that the company will post earnings per share of $0.08 for the quarter, down from their previous estimate of $0.23. Barrington Research also issued estimates for AMC Entertainment’s FY2020 earnings at ($0.60) EPS and FY2021 earnings at ($0.28) EPS.
Several other research analysts also recently weighed in on AMC. Goldman Sachs Group set a $11.00 price objective on shares of AMC Entertainment and gave the stock a “hold” rating in a report on Tuesday, October 15th. ValuEngine lowered shares of AMC Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th. B. Riley reiterated a “buy” rating and issued a $15.00 target price on shares of AMC Entertainment in a research note on Thursday, December 5th. Imperial Capital reduced their target price on shares of AMC Entertainment from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. Finally, Wedbush set a $15.00 target price on shares of AMC Entertainment and gave the stock a “buy” rating in a research note on Monday, October 21st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $15.00.
AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($0.11). AMC Entertainment had a negative return on equity of 8.31% and a net margin of 0.64%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted ($0.82) EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new stake in shares of AMC Entertainment in the 3rd quarter worth $750,000. Stifel Financial Corp bought a new position in AMC Entertainment during the third quarter valued at about $460,000. State Street Corp grew its position in AMC Entertainment by 1.5% during the third quarter. State Street Corp now owns 1,098,291 shares of the company’s stock valued at $11,752,000 after buying an additional 16,448 shares during the period. CNA Financial Corp grew its position in AMC Entertainment by 85.8% during the third quarter. CNA Financial Corp now owns 53,700 shares of the company’s stock valued at $575,000 after buying an additional 24,800 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in AMC Entertainment by 432.8% during the third quarter. Tower Research Capital LLC TRC now owns 3,719 shares of the company’s stock valued at $40,000 after buying an additional 3,021 shares during the period. Hedge funds and other institutional investors own 50.57% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 9.88%. AMC Entertainment’s payout ratio is 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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