AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Analysts at B. Riley reduced their FY2024 EPS estimates for shares of AMC Entertainment in a research note issued to investors on Wednesday, November 6th. B. Riley analyst E. Wold now expects that the company will post earnings of ($1.41) per share for the year, down from their prior forecast of ($1.30). B. Riley has a "Neutral" rating and a $6.00 price objective on the stock. The consensus estimate for AMC Entertainment's current full-year earnings is ($1.36) per share. B. Riley also issued estimates for AMC Entertainment's Q4 2024 earnings at ($0.16) EPS, Q1 2025 earnings at ($0.57) EPS, Q3 2025 earnings at ($0.21) EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at ($0.69) EPS and FY2026 earnings at ($0.54) EPS.
AMC Entertainment (NYSE:AMC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. AMC Entertainment's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) EPS.
A number of other analysts also recently weighed in on the stock. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a report on Thursday. Morgan Stanley reduced their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Monday, August 12th. Finally, Wedbush restated a "neutral" rating and set a $4.00 price target on shares of AMC Entertainment in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $5.44.
Read Our Latest Analysis on AMC Entertainment
AMC Entertainment Stock Performance
Shares of AMC traded up $0.30 during mid-day trading on Monday, hitting $4.57. The company's stock had a trading volume of 17,300,213 shares, compared to its average volume of 26,189,627. The stock's 50-day moving average is $4.50 and its two-hundred day moving average is $4.67. The firm has a market capitalization of $1.65 billion, a PE ratio of -2.65 and a beta of 1.83. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88.
Institutional Investors Weigh In On AMC Entertainment
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in AMC Entertainment by 22.9% in the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company's stock valued at $92,273,000 after purchasing an additional 4,617,007 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in AMC Entertainment by 18.2% during the 2nd quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company's stock worth $51,223,000 after buying an additional 1,585,430 shares in the last quarter. Marshall Wace LLP bought a new position in AMC Entertainment in the 2nd quarter valued at $6,775,000. SG Americas Securities LLC increased its stake in shares of AMC Entertainment by 1,894.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company's stock valued at $5,583,000 after buying an additional 1,064,805 shares during the period. Finally, Boulder Hill Capital Management LP bought a new stake in shares of AMC Entertainment during the first quarter worth $2,842,000. Institutional investors own 28.80% of the company's stock.
About AMC Entertainment
(
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AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.
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