Brokers Set Expectations for AMC Entertainment Holdings, Inc.'s Q2 2024 Earnings (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Research analysts at Wedbush boosted their Q2 2024 earnings per share estimates for shares of AMC Entertainment in a report issued on Thursday, July 25th. Wedbush analyst A. Reese now forecasts that the company will post earnings per share of ($0.10) for the quarter, up from their previous forecast of ($0.37). Wedbush currently has a "Neutral" rating and a $4.00 target price on the stock. The consensus estimate for AMC Entertainment's current full-year earnings is ($0.48) per share. Wedbush also issued estimates for AMC Entertainment's FY2024 earnings at ($0.48) EPS and FY2025 earnings at ($0.25) EPS.

Other analysts also recently issued research reports about the company. Citigroup lifted their price target on AMC Entertainment from $3.10 to $3.20 and gave the company a "sell" rating in a research report on Tuesday, May 14th. Macquarie lifted their price target on AMC Entertainment from $3.50 to $4.00 and gave the company an "underperform" rating in a research report on Tuesday, July 9th. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. Based on data from MarketBeat, AMC Entertainment currently has an average rating of "Reduce" and an average target price of $5.37.

AMC Entertainment Stock Down 0.3 %

AMC traded down $0.01 during trading hours on Monday, hitting $5.17. The stock had a trading volume of 13,505,221 shares, compared to its average volume of 34,893,770. The company's fifty day simple moving average is $4.97 and its 200 day simple moving average is $4.32. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $54.60. The stock has a market cap of $1.87 billion, a PE ratio of -4.07 and a beta of 1.84.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The company had revenue of $951.40 million during the quarter, compared to the consensus estimate of $951.40 million.

Institutional Trading of AMC Entertainment

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in AMC Entertainment by 48.3% during the fourth quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company's stock valued at $123,548,000 after buying an additional 6,577,228 shares during the last quarter. Norges Bank bought a new position in AMC Entertainment during the fourth quarter valued at approximately $12,605,000. SG Americas Securities LLC boosted its stake in AMC Entertainment by 1,894.0% during the second 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 last quarter. Boulder Hill Capital Management LP bought a new stake in shares of AMC Entertainment in the 1st quarter valued at approximately $2,842,000. Finally, Quadrature Capital Ltd lifted its stake in shares of AMC Entertainment by 374.1% in the 4th quarter. Quadrature Capital Ltd now owns 818,077 shares of the company's stock valued at $5,003,000 after purchasing an additional 645,541 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company's stock.

AMC Entertainment Company Profile

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.