AMC Entertainment Holdings Inc (NYSE:AMC) – Wedbush raised their Q1 2017 earnings per share (EPS) estimates for AMC Entertainment Holdings in a research report issued to clients and investors on Monday. Wedbush analyst M. Pachter now expects that the firm will post earnings per share of $0.11 for the quarter, up from their previous estimate of $0.08. Wedbush currently has a “Outperform” rating and a $41.00 price target on the stock. Wedbush also issued estimates for AMC Entertainment Holdings’ Q1 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $1.27 EPS.
AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.11. AMC Entertainment Holdings had a net margin of 4.02% and a return on equity of 7.95%. The business earned $926.10 million during the quarter, compared to analyst estimates of $817.33 million. During the same period in the prior year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis.
Other research analysts have also issued reports about the stock. B. Riley reissued a “buy” rating and issued a $43.00 target price on shares of AMC Entertainment Holdings in a report on Thursday, December 8th. MKM Partners reissued a “buy” rating and issued a $41.00 target price (down from $42.00) on shares of AMC Entertainment Holdings in a report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. AMC Entertainment Holdings currently has a consensus rating of “Buy” and a consensus target price of $36.39.
AMC Entertainment Holdings (NYSE:AMC) opened at 30.60 on Tuesday. The firm has a 50-day moving average of $31.24 and a 200 day moving average of $32.30. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 27.08 and a beta of 1.53. AMC Entertainment Holdings has a one year low of $25.75 and a one year high of $35.65.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMC. Croft Leominster Inc. purchased a new position in AMC Entertainment Holdings during the third quarter valued at approximately $258,000. Russell Investments Group Ltd. purchased a new position in AMC Entertainment Holdings during the fourth quarter valued at approximately $275,000. Aperio Group LLC purchased a new position in AMC Entertainment Holdings during the third quarter valued at approximately $349,000. Victory Capital Management Inc. raised its position in AMC Entertainment Holdings by 15.3% in the third quarter. Victory Capital Management Inc. now owns 12,815 shares of the company’s stock valued at $398,000 after buying an additional 1,705 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in AMC Entertainment Holdings during the fourth quarter valued at approximately $599,000. 24.70% of the stock is owned by institutional investors.
In other news, CEO Adam M. Aron acquired 31,747 shares of the company’s stock in a transaction on Monday, February 13th. The stock was bought at an average cost of $31.50 per share, with a total value of $1,000,030.50. Following the completion of the purchase, the chief executive officer now directly owns 51,747 shares of the company’s stock, valued at $1,630,030.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.29% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 27th. Shareholders of record on Monday, March 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.61%. The ex-dividend date is Thursday, March 9th. AMC Entertainment Holdings’s payout ratio is 63.49%.
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.