Equities Analysts Offer Predictions for AMC Entertainment Holdings Inc’s FY2022 Earnings (NYSE:AMC)

Equities Analysts Offer Predictions for AMC Entertainment Holdings Inc’s FY2022 Earnings (NYSE:AMC)

AMC Entertainment Holdings Inc (NYSE:AMC) – Analysts at Barrington Research issued their FY2022 earnings estimates for shares of AMC Entertainment in a research report issued on Tuesday, March 10th. Barrington Research analyst J. Goss expects that the company will post earnings of ($0.65) per share for the year. Barrington Research has a “Outperform” rating and a $7.00 price objective on the stock.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Friday, March 6th. B. Riley reiterated a “buy” rating and issued a $15.00 target price on shares of AMC Entertainment in a report on Thursday, December 5th. Benchmark reduced their target price on AMC Entertainment from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. TheStreet cut AMC Entertainment from a “c-” rating to a “d” rating in a report on Monday, November 18th. Finally, Bank of America cut AMC Entertainment from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $14.00 to $7.00 in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.19.

Shares of AMC Entertainment stock opened at $2.91 on Thursday. AMC Entertainment has a twelve month low of $2.65 and a twelve month high of $17.07. The stock has a market capitalization of $287.52 million, a P/E ratio of -1.67 and a beta of 0.62. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 8.02. The business’s fifty day moving average price is $6.31 and its 200 day moving average price is $8.41.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.27. AMC Entertainment had a negative return on equity of 6.69% and a negative net margin of 2.73%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year.

Several institutional investors and hedge funds have recently modified their holdings of AMC. Rhumbline Advisers lifted its stake in shares of AMC Entertainment by 8.9% during the third quarter. Rhumbline Advisers now owns 85,298 shares of the company’s stock worth $913,000 after purchasing an additional 6,949 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of AMC Entertainment during the third quarter worth about $233,000. California Public Employees Retirement System lifted its stake in shares of AMC Entertainment by 31.7% during the third quarter. California Public Employees Retirement System now owns 37,390 shares of the company’s stock worth $400,000 after purchasing an additional 9,000 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of AMC Entertainment by 7.3% during the third quarter. Russell Investments Group Ltd. now owns 43,658 shares of the company’s stock worth $468,000 after purchasing an additional 2,957 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of AMC Entertainment by 97.9% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,275 shares of the company’s stock worth $46,000 after purchasing an additional 2,115 shares in the last quarter. Institutional investors own 46.25% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Friday, March 6th. AMC Entertainment’s dividend payout ratio is presently -11.11%.

About AMC Entertainment

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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