Equities analysts predict that AMC Entertainment Holdings Inc (NYSE:AMC) will report sales of $1.21 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for AMC Entertainment’s earnings. The lowest sales estimate is $1.19 billion and the highest is $1.23 billion. AMC Entertainment posted sales of $1.18 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The business is expected to announce its next earnings report on Monday, November 5th.

On average, analysts expect that AMC Entertainment will report full year sales of $5.43 billion for the current fiscal year, with estimates ranging from $5.42 billion to $5.45 billion. For the next fiscal year, analysts expect that the business will post sales of $5.64 billion, with estimates ranging from $5.59 billion to $5.72 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow AMC Entertainment.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. AMC Entertainment had a negative net margin of 5.15% and a positive return on equity of 1.70%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the company earned ($1.35) earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year.

AMC has been the topic of several research analyst reports. William Blair reiterated a “hold” rating on shares of AMC Entertainment in a research report on Monday, September 17th. Zacks Investment Research upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, July 4th. Wedbush upgraded shares of AMC Entertainment to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, July 3rd. ValuEngine upgraded shares of AMC Entertainment from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Thursday, June 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $20.28.

In other news, Director Wanda America Investment Holdi sold 75,826,927 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $1.82, for a total value of $138,005,007.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John D. Mcdonald sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $15.42, for a total transaction of $269,850.00. Following the completion of the transaction, the executive vice president now owns 56,961 shares in the company, valued at approximately $878,338.62. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in AMC Entertainment during the first quarter valued at approximately $101,000. Oppenheimer Asset Management Inc. bought a new position in AMC Entertainment during the first quarter valued at approximately $142,000. Bank of Montreal Can lifted its position in AMC Entertainment by 141.4% during the second 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. Gargoyle Investment Advisor L.L.C. bought a new position in AMC Entertainment during the first quarter valued at approximately $146,000. Finally, Macquarie Group Ltd. bought a new position in AMC Entertainment during the second quarter valued at approximately $165,000. Hedge funds and other institutional investors own 40.01% of the company’s stock.

Shares of AMC stock traded down $0.50 during mid-day trading on Thursday, reaching $19.90. The stock had a trading volume of 2,288,900 shares, compared to its average volume of 1,812,804. AMC Entertainment has a 52-week low of $10.80 and a 52-week high of $21.45. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -22.36, a PEG ratio of 16.17 and a beta of 0.83.

The firm also recently disclosed a special dividend, which will be paid on Friday, September 28th. Shareholders of record on Tuesday, September 25th will be issued a $1.55 dividend. This represents a yield of 4.01%. The ex-dividend date is Monday, September 24th. AMC Entertainment’s dividend payout ratio (DPR) is presently -89.89%.

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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