FY2017 Earnings Estimate for AMC Entertainment Holdings, Inc. Issued By Wedbush (AMC)
AMC Entertainment Holdings, Inc. (NYSE:AMC) – Equities researchers at Wedbush dropped their FY2017 earnings estimates for shares of AMC Entertainment Holdings in a note issued to investors on Tuesday. Wedbush analyst M. Pachter now anticipates that the company will post earnings per share of ($1.24) for the year, down from their previous estimate of ($1.06). Wedbush has a “Buy” rating and a $15.50 price objective on the stock. Wedbush also issued estimates for AMC Entertainment Holdings’ Q4 2017 earnings at $0.36 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.03) EPS and FY2018 earnings at $0.18 EPS.
AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. AMC Entertainment Holdings had a negative return on equity of 6.24% and a negative net margin of 3.87%. The company’s revenue was up 51.2% on a year-over-year basis. During the same quarter last year, the company posted $0.31 EPS. ILLEGAL ACTIVITY NOTICE: “FY2017 Earnings Estimate for AMC Entertainment Holdings, Inc. Issued By Wedbush (AMC)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/fy2017-earnings-estimate-for-amc-entertainment-holdings-inc-issued-by-wedbush-amc/1695327.html.
A number of other research analysts also recently weighed in on the stock. Credit Suisse Group decreased their price objective on shares of AMC Entertainment Holdings from $12.00 to $10.00 and set an “underperform” rating for the company in a research report on Tuesday. B. Riley reissued a “buy” rating and set a $30.00 target price (down previously from $30.50) on shares of AMC Entertainment Holdings in a research note on Tuesday. Zacks Investment Research cut shares of AMC Entertainment Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. MKM Partners reissued a “buy” rating and set a $28.00 target price on shares of AMC Entertainment Holdings in a research note on Monday, September 18th. Finally, Citigroup Inc. reissued a “buy” rating and set a $21.00 target price (down previously from $30.00) on shares of AMC Entertainment Holdings in a research note on Monday, September 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.78.
AMC Entertainment Holdings (NYSE:AMC) opened at $11.00 on Thursday. AMC Entertainment Holdings has a 1 year low of $10.90 and a 1 year high of $35.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.54 and a current ratio of 0.54.
AMC Entertainment Holdings announced that its Board of Directors has authorized a share buyback plan on Thursday, August 3rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 58% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be issued a $0.20 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 7.27%. AMC Entertainment Holdings’s dividend payout ratio is currently -62.50%.
In other AMC Entertainment Holdings news, CEO Adam M. Aron bought 35,000 shares of AMC Entertainment Holdings stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $15.79 per share, for a total transaction of $552,650.00. Following the acquisition, the chief executive officer now directly owns 125,426 shares in the company, valued at $1,980,476.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack Qunyao Gao bought 7,000 shares of AMC Entertainment Holdings stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $13.47 per share, for a total transaction of $94,290.00. Following the completion of the acquisition, the director now owns 10,500 shares in the company, valued at $141,435. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 62,000 shares of company stock worth $896,940. Company insiders own 0.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. lifted its holdings in AMC Entertainment Holdings by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock worth $110,000 after buying an additional 372 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of AMC Entertainment Holdings in the 2nd quarter valued at $125,000. Pacer Advisors Inc. raised its holdings in shares of AMC Entertainment Holdings by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after purchasing an additional 601 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of AMC Entertainment Holdings by 574.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after purchasing an additional 6,055 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of AMC Entertainment Holdings by 1,837.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,170 shares of the company’s stock valued at $163,000 after purchasing an additional 6,800 shares in the last quarter. Institutional investors own 47.00% of the company’s stock.
About AMC Entertainment Holdings
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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