Brokerages forecast that AMC Entertainment Holdings Inc (NYSE:AMC) will report $1.39 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for AMC Entertainment’s earnings, with the highest sales estimate coming in at $1.41 billion and the lowest estimate coming in at $1.36 billion. AMC Entertainment reported sales of $1.42 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 2.1%. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 7th.

According to Zacks, analysts expect that AMC Entertainment will report full year sales of $5.44 billion for the current fiscal year, with estimates ranging from $5.40 billion to $5.46 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.63 billion, with estimates ranging from $5.55 billion to $5.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover AMC Entertainment.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Thursday, November 8th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.33). AMC Entertainment had a negative return on equity of 0.63% and a negative net margin of 6.17%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business posted ($0.33) EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year.

Several research analysts have weighed in on AMC shares. MKM Partners downgraded shares of AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Friday, September 14th. They noted that the move was a valuation call. Wedbush upgraded shares of AMC Entertainment to a “buy” rating and set a $25.00 price target on the stock in a research report on Monday, September 17th. William Blair reiterated a “hold” rating on shares of AMC Entertainment in a research report on Monday, September 17th. ValuEngine upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Barrington Research reiterated a “buy” rating on shares of AMC Entertainment in a research report on Friday, October 19th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.81.

AMC traded down $0.10 during trading on Tuesday, hitting $13.97. The company’s stock had a trading volume of 82,905 shares, compared to its average volume of 1,447,874. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 4.27. AMC Entertainment has a one year low of $12.40 and a one year high of $21.45. The company has a market capitalization of $1.85 billion, a PE ratio of -15.66 and a beta of 0.77.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Monday, December 10th will be given a $0.20 dividend. The ex-dividend date is Friday, December 7th. This represents a $0.80 annualized dividend and a yield of 5.73%. AMC Entertainment’s payout ratio is presently -89.89%.

In other news, EVP John D. Mcdonald sold 17,500 shares of the firm’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $18.70, for a total transaction of $327,250.00. Following the sale, the executive vice president now directly owns 39,462 shares in the company, valued at approximately $737,939.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.01% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in AMC. Bank of Montreal Can raised its position in shares of AMC Entertainment by 141.4% during the 2nd quarter. Bank of Montreal Can now owns 9,006 shares of the company’s stock valued at $143,000 after purchasing an additional 5,275 shares during the period. Macquarie Group Ltd. bought a new stake in shares of AMC Entertainment during the 2nd quarter valued at $165,000. Chartwell Investment Partners LLC bought a new stake in shares of AMC Entertainment during the 2nd quarter valued at $166,000. Hollencrest Capital Management bought a new stake in shares of AMC Entertainment during the 3rd quarter valued at $208,000. Finally, Summit Securities Group LLC bought a new stake in shares of AMC Entertainment during the 3rd quarter valued at $211,000. Hedge funds and other institutional investors own 37.89% of the company’s stock.

AMC Entertainment Company Profile

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

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