Barrington Research Issues Positive Outlook for AMC Earnings

AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Equities research analysts at Barrington Research lifted their FY2024 earnings per share (EPS) estimates for AMC Entertainment in a research note issued on Thursday, November 7th. Barrington Research analyst J. Goss now anticipates that the company will post earnings of ($1.49) per share for the year, up from their prior estimate of ($1.52). The consensus estimate for AMC Entertainment's current full-year earnings is ($1.36) per share. Barrington Research also issued estimates for AMC Entertainment's Q4 2024 earnings at ($0.33) EPS, FY2025 earnings at ($0.98) EPS and FY2026 earnings at ($0.63) EPS.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates 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 revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) earnings per share.

Several other equities analysts also recently weighed in on the company. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research note on Thursday. Wedbush reissued a "neutral" rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Monday, August 5th. Morgan Stanley decreased their target price on AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Monday, August 12th. Finally, B. Riley decreased their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $5.44.

AMC Entertainment Price Performance

Shares of AMC stock traded up $0.30 during trading hours on Monday, reaching $4.57. 17,300,213 shares of the company's stock were exchanged, compared to its average volume of 26,189,627. The company has a market cap of $1.65 billion, a P/E ratio of -2.65 and a beta of 1.83. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The company's 50 day moving average is $4.50 and its two-hundred day moving average is $4.67.

Institutional Trading of AMC Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of AMC. KBC Group NV acquired a new position in shares of AMC Entertainment during the third quarter valued at $37,000. Creative Planning acquired a new stake in AMC Entertainment in the 3rd quarter valued at about $48,000. Skylands Capital LLC acquired a new position in AMC Entertainment in the second quarter worth approximately $50,000. Amalgamated Bank lifted its stake in AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock valued at $53,000 after buying an additional 2,771 shares in the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of AMC Entertainment in the third quarter worth $55,000. Institutional investors and hedge funds 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.