Wedbush set a $19.00 target price on AMC Entertainment (NYSE:AMC) in a report released on Tuesday, February 20th. The firm currently has a buy rating on the stock. Wedbush also issued estimates for AMC Entertainment’s Q4 2017 earnings at $0.25 EPS and FY2017 earnings at ($1.35) EPS.
Other research analysts have also recently issued reports about the company. B. Riley reiterated a buy rating and issued a $30.00 price objective on shares of AMC Entertainment in a report on Monday, January 22nd. Zacks Investment Research upgraded AMC Entertainment from a hold rating to a buy rating and set a $16.00 price objective on the stock in a report on Tuesday, January 16th. Royal Bank of Canada lowered AMC Entertainment from an outperform rating to a sector perform rating in a research report on Wednesday, January 10th. Finally, Credit Suisse Group cut their target price on AMC Entertainment from $12.00 to $10.00 and set an underperform rating on the stock in a research report on Tuesday, November 7th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. AMC Entertainment has an average rating of Hold and a consensus target price of $23.04.
AMC Entertainment (AMC) traded up $0.35 on Tuesday, reaching $15.05. The company had a trading volume of 1,060,000 shares, compared to its average volume of 2,060,000. AMC Entertainment has a 12-month low of $10.80 and a 12-month high of $32.10. The firm has a market capitalization of $1,940.00, a PE ratio of -3.22, a PEG ratio of 9.07 and a beta of 0.84. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.27.
AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Thursday, March 1st. The company reported ($2.14) EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($2.41). AMC Entertainment had a negative net margin of 9.59% and a negative return on equity of 6.04%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s revenue was up 53.0% on a year-over-year basis. equities analysts predict that AMC Entertainment will post 0.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Friday, March 9th. AMC Entertainment’s payout ratio is -17.09%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its position in shares of AMC Entertainment by 229.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 87,117 shares of the company’s stock worth $1,315,000 after acquiring an additional 60,649 shares during the period. ICM Asset Management Inc. WA purchased a new stake in shares of AMC Entertainment during the fourth quarter worth $794,000. PVG Asset Management Corp increased its position in shares of AMC Entertainment by 144.7% during the fourth quarter. PVG Asset Management Corp now owns 389,607 shares of the company’s stock worth $5,883,000 after acquiring an additional 230,397 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of AMC Entertainment during the fourth quarter worth $388,000. Finally, Mountain Lake Investment Management LLC purchased a new stake in shares of AMC Entertainment during the fourth quarter worth $3,096,000. 43.33% of the stock is currently owned by institutional investors.
AMC Entertainment Company Profile
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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