AMC Entertainment Holdings Inc (NYSE:AMC) – Research analysts at B. Riley decreased their Q2 2017 EPS estimates for shares of AMC Entertainment Holdings in a research note issued on Tuesday. B. Riley analyst E. Wold now expects that the company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.18. B. Riley currently has a “Buy” rating and a $49.50 price target on the stock. B. Riley also issued estimates for AMC Entertainment Holdings’ Q4 2017 earnings at $0.41 EPS.
AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings results on Tuesday, February 28th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. AMC Entertainment Holdings had a net margin of 4.02% and a return on equity of 7.95%. The business had revenue of $926.10 million for the quarter, compared to analysts’ expectations of $817.33 million. During the same period in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 18.1% on a year-over-year basis.
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Other equities research analysts have also recently issued reports about the stock. FBR & Co dropped their price target on shares of AMC Entertainment Holdings from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Tuesday. MKM Partners reiterated a “buy” rating and issued a $41.00 price target (down from $42.00) on shares of AMC Entertainment Holdings in a research report on Friday, March 3rd. Zacks Investment Research cut shares of AMC Entertainment Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 16th. Stifel Nicolaus reiterated a “positive” rating and issued a $36.00 price target on shares of AMC Entertainment Holdings in a research report on Tuesday, January 24th. They noted that the move was a valuation call. Finally, Wedbush set a $41.00 price target on shares of AMC Entertainment Holdings and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. AMC Entertainment Holdings has a consensus rating of “Buy” and an average target price of $37.13.
AMC Entertainment Holdings (NYSE:AMC) opened at 28.90 on Wednesday. AMC Entertainment Holdings has a 1-year low of $25.75 and a 1-year high of $35.65. The firm has a market capitalization of $3.18 billion, a PE ratio of 25.58 and a beta of 1.53. The stock’s 50 day moving average is $30.54 and its 200-day moving average is $32.11.
A number of institutional investors have recently modified their holdings of AMC. 1832 Asset Management L.P. boosted its position in AMC Entertainment Holdings by 158.4% in the third quarter. 1832 Asset Management L.P. now owns 1,403,514 shares of the company’s stock valued at $43,237,000 after buying an additional 860,447 shares during the period. FMR LLC boosted its position in AMC Entertainment Holdings by 5,837.8% in the fourth quarter. FMR LLC now owns 723,524 shares of the company’s stock valued at $24,347,000 after buying an additional 711,339 shares during the period. Renaissance Technologies LLC boosted its position in AMC Entertainment Holdings by 104.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,237,585 shares of the company’s stock valued at $41,645,000 after buying an additional 631,385 shares during the period. Dimensional Fund Advisors LP boosted its position in AMC Entertainment Holdings by 43.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,276,276 shares of the company’s stock valued at $42,948,000 after buying an additional 388,183 shares during the period. Finally, Tricadia Capital Management LLC boosted its position in AMC Entertainment Holdings by 242.8% in the first quarter. Tricadia Capital Management LLC now owns 514,150 shares of the company’s stock valued at $16,170,000 after buying an additional 364,150 shares during the period. 24.70% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Adam M. Aron purchased 31,747 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were purchased at an average price of $31.50 per share, with a total value of $1,000,030.50. Following the purchase, the chief executive officer now owns 51,747 shares of the company’s stock, valued at approximately $1,630,030.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.29% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 19th. Investors of record on Monday, June 5th will be paid a $0.20 dividend. The ex-dividend date is Thursday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.77%. AMC Entertainment Holdings’s dividend payout ratio is currently 63.49%.
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. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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