AMC Entertainment Holdings Inc (NYSE:AMC) – Equities research analysts at Imperial Capital reduced their Q1 2020 earnings estimates for shares of AMC Entertainment in a research note issued to investors on Thursday, March 19th. Imperial Capital analyst D. Miller now forecasts that the company will earn ($1.42) per share for the quarter, down from their previous forecast of ($0.68). Imperial Capital has a “Outperform” rating and a $7.00 price objective on the stock. Imperial Capital also issued estimates for AMC Entertainment’s Q2 2020 earnings at ($1.64) EPS, Q3 2020 earnings at ($0.47) EPS, Q4 2020 earnings at $0.16 EPS, FY2020 earnings at ($3.36) EPS, Q1 2021 earnings at ($0.61) EPS, Q2 2021 earnings at $0.14 EPS, Q3 2021 earnings at ($0.32) EPS and FY2021 earnings at ($0.50) EPS.
A number of other equities research analysts have also recently weighed in on AMC. Bank of America cut AMC Entertainment from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $14.00 to $7.00 in a research note on Wednesday, December 18th. Barrington Research cut AMC Entertainment from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 18th. Citigroup cut AMC Entertainment from a “buy” rating to a “sell” rating in a research note on Wednesday, March 18th. B. Riley cut AMC Entertainment from a “buy” rating to a “neutral” rating and set a $3.50 price objective for the company. in a research note on Wednesday, March 18th. Finally, Wedbush cut AMC Entertainment from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $3.00 in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. AMC Entertainment has an average rating of “Hold” and a consensus target price of $10.38.Shares of AMC opened at $3.19 on Monday. The company has a debt-to-equity ratio of 8.02, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $351.29 million, a price-to-earnings ratio of -1.83 and a beta of 0.62. AMC Entertainment has a 1 year low of $1.95 and a 1 year high of $17.07. The business’s 50 day simple moving average is $5.71 and its 200-day simple moving average is $8.09.
AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, beating the 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 business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business posted $0.18 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the business. Mittleman Brothers LLC grew its stake in shares of AMC Entertainment by 21.7% during the fourth quarter. Mittleman Brothers LLC now owns 2,745,680 shares of the company’s stock valued at $19,879,000 after acquiring an additional 489,791 shares in the last quarter. Serengeti Asset Management LP acquired a new stake in shares of AMC Entertainment in the fourth quarter valued at $2,534,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of AMC Entertainment by 25.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,591,383 shares of the company’s stock valued at $11,522,000 after buying an additional 320,000 shares in the last quarter. Peregrine Capital Management LLC increased its stake in shares of AMC Entertainment by 31.9% in the fourth quarter. Peregrine Capital Management LLC now owns 982,597 shares of the company’s stock valued at $7,114,000 after buying an additional 237,526 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of AMC Entertainment in the fourth quarter valued at $1,693,000. Institutional investors own 46.25% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Friday, March 6th. AMC Entertainment’s dividend payout ratio (DPR) is presently -11.11%.
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.