Roth Capital Has Negative Forecast for AMC FY2024 Earnings

AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Equities research analysts at Roth Capital lowered their FY2024 earnings estimates for shares of AMC Entertainment in a report released on Tuesday, February 4th. Roth Capital analyst E. Handler now anticipates that the company will post earnings per share of ($1.34) for the year, down from their prior estimate of ($1.33). Roth Capital currently has a "Hold" rating on the stock. The consensus estimate for AMC Entertainment's current full-year earnings is ($1.38) per share. Roth Capital also issued estimates for AMC Entertainment's Q4 2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.41) EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at ($0.38) EPS and FY2026 earnings at ($0.14) EPS.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. The firm's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.09) earnings per share.

AMC has been the subject of several other research reports. Roth Mkm raised AMC Entertainment from a "sell" rating to a "neutral" rating and lowered their price objective for the company from $4.00 to $3.25 in a research note on Tuesday, February 4th. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research note on Tuesday, November 12th. B. Riley reduced their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Macquarie reaffirmed an "underperform" rating and set a $4.00 target price on shares of AMC Entertainment in a report on Wednesday, November 13th. Finally, Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.08.

AMC Entertainment Price Performance

AMC traded up $0.01 on Thursday, reaching $3.11. The stock had a trading volume of 6,115,553 shares, compared to its average volume of 10,363,593. The firm has a 50-day moving average of $3.87 and a 200-day moving average of $4.40. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.

Institutional Investors Weigh In On AMC Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in AMC. Amalgamated Bank boosted its holdings in shares of AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company's stock worth $53,000 after buying an additional 2,771 shares in the last quarter. Private Advisor Group LLC boosted its stake in AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock worth $68,000 after acquiring an additional 3,237 shares in the last quarter. Victory Capital Management Inc. grew its holdings in AMC Entertainment by 20.1% in the third quarter. Victory Capital Management Inc. now owns 45,711 shares of the company's stock worth $208,000 after purchasing an additional 7,661 shares during the period. Waldron Private Wealth LLC increased its stake in AMC Entertainment by 47.5% in the third quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company's stock valued at $115,000 after purchasing an additional 8,102 shares in the last quarter. Finally, KBC Group NV acquired a new position in shares of AMC Entertainment during the third quarter valued at about $37,000. Institutional investors own 28.80% of the company's stock.

About AMC Entertainment

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.