AMC Entertainment Holdings Inc to Post FY2017 Earnings of ($1.30) Per Share, Wedbush Forecasts (AMC)

AMC Entertainment Holdings Inc (NYSE:AMC) – Equities research analysts at Wedbush cut their FY2017 earnings per share (EPS) estimates for AMC Entertainment in a research note issued on Monday. Wedbush analyst M. Pachter now expects that the company will earn ($1.30) per share for the year, down from their previous estimate of ($1.24). Wedbush has a “Buy” rating and a $19.00 price target on the stock. Wedbush also issued estimates for AMC Entertainment’s Q1 2018 earnings at ($0.02) EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at ($0.13) EPS and FY2018 earnings at $0.22 EPS.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Monday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $0.31 earnings per share. AMC Entertainment’s revenue was up 51.2% on a year-over-year basis.

A number of other equities research analysts have also recently weighed in on AMC. Royal Bank of Canada cut shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Wednesday. MKM Partners reiterated a “buy” rating and set a $28.00 price target on shares of AMC Entertainment in a research report on Monday, September 18th. Zacks Investment Research upgraded shares of AMC Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Credit Suisse Group dropped their price target on shares of AMC Entertainment from $14.00 to $12.00 and set an “underperform” rating for the company in a research report on Thursday, September 28th. Finally, B. Riley set a $31.00 price target on shares of AMC Entertainment and gave the company a “buy” rating in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.15.

Shares of AMC Entertainment (AMC) opened at $13.90 on Wednesday. AMC Entertainment has a 12-month low of $10.80 and a 12-month high of $34.90. The firm has a market cap of $1,790.00, a PE ratio of -10.61 and a beta of 1.37. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.53 and a current ratio of 0.53.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend was Friday, December 1st. AMC Entertainment’s dividend payout ratio (DPR) is currently -61.07%.

Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. grew its holdings in shares of AMC Entertainment by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after purchasing an additional 372 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of AMC Entertainment in the second quarter valued at approximately $125,000. Pacer Advisors Inc. grew its holdings in shares of AMC Entertainment by 12.0% in the second quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after purchasing an additional 601 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new position in shares of AMC Entertainment in the third quarter valued at approximately $147,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of AMC Entertainment by 574.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after purchasing an additional 6,055 shares in the last quarter. Hedge funds and other institutional investors own 48.60% of the company’s stock.

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AMC Entertainment 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. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

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

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