Wedbush upgraded shares of AMC Entertainment (NYSE:AMC) to a buy rating in a report released on Monday, September 17th. They currently have $25.00 price objective on the stock. Wedbush also issued estimates for AMC Entertainment’s Q3 2018 earnings at ($0.43) EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $0.19 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at ($0.11) EPS, Q4 2019 earnings at $0.58 EPS and FY2019 earnings at $0.72 EPS.
A number of other brokerages have also recently commented on AMC. ValuEngine cut shares of AMC Entertainment from a hold rating to a sell rating in a report on Tuesday, May 22nd. Zacks Investment Research raised shares of AMC Entertainment from a hold rating to a buy rating and set a $18.00 target price on the stock in a report on Wednesday, July 4th. Cfra reaffirmed a buy rating and issued a $18.00 target price on shares of AMC Entertainment in a report on Wednesday, June 27th. MKM Partners cut shares of AMC Entertainment from a buy rating to a neutral rating and set a $21.00 target price on the stock. in a report on Friday, September 14th. They noted that the move was a valuation call. Finally, Imperial Capital started coverage on shares of AMC Entertainment in a report on Wednesday, July 11th. They issued an outperform rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $20.28.
Shares of NYSE:AMC traded up $0.45 during trading on Monday, hitting $18.86. 2,051,352 shares of the company were exchanged, compared to its average volume of 1,803,841. The company has a market capitalization of $2.62 billion, a PE ratio of -21.19, a P/E/G ratio of 15.53 and a beta of 0.82. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. AMC Entertainment has a 12-month low of $10.80 and a 12-month high of $21.45.
AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. AMC Entertainment had a negative net margin of 5.15% and a positive return on equity of 1.70%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the company posted ($1.35) EPS. As a group, equities research analysts predict that AMC Entertainment will post 0.13 EPS for the current fiscal year.
The business also recently announced a special dividend, which was paid on Friday, September 28th. Shareholders of record on Tuesday, September 25th were given a dividend of $1.55 per share. The ex-dividend date of this dividend was Monday, September 24th. This represents a dividend yield of 4.01%. AMC Entertainment’s payout ratio is currently -89.89%.
In other AMC Entertainment news, EVP John D. Mcdonald sold 17,500 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $15.42, for a total transaction of $269,850.00. Following the sale, the executive vice president now directly owns 56,961 shares in the company, valued at approximately $878,338.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wanda America Investment Holdi sold 75,826,927 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $1.82, for a total transaction of $138,005,007.14. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in shares of AMC Entertainment by 6.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,808,385 shares of the company’s stock worth $76,453,000 after buying an additional 307,890 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of AMC Entertainment in the 2nd quarter worth about $288,000. Paloma Partners Management Co purchased a new stake in shares of AMC Entertainment in the 2nd quarter worth about $242,000. Wolverine Asset Management LLC purchased a new stake in shares of AMC Entertainment in the 2nd quarter worth about $1,134,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of AMC Entertainment in the 2nd quarter worth about $1,102,000. Institutional investors and hedge funds own 40.01% of the company’s stock.
About AMC Entertainment
AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.
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