Q3 2024 EPS Estimates for AMC Entertainment Holdings, Inc. (NYSE:AMC) Boosted by B. Riley

AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Stock analysts at B. Riley increased their Q3 2024 earnings per share estimates for AMC Entertainment in a research note issued to investors on Sunday, August 4th. B. Riley analyst E. Wold now expects that the company will post earnings per share of ($0.11) for the quarter, up from their previous forecast of ($0.20). The consensus estimate for AMC Entertainment's current full-year earnings is ($0.48) per share. B. Riley also issued estimates for AMC Entertainment's Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($1.37) EPS, Q1 2025 earnings at ($0.56) EPS and Q3 2025 earnings at ($0.03) EPS.

A number of other research analysts have also recently commented on AMC. Wedbush restated a "neutral" rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Monday. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research report on Monday. Citigroup increased their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a "sell" rating in a research report on Tuesday, May 14th. Finally, Macquarie boosted their target price on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an "underperform" rating in a research report on Tuesday, July 9th. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, AMC Entertainment presently has an average rating of "Reduce" and an average target price of $5.37.

AMC Entertainment Price Performance

NYSE AMC traded down $0.25 during mid-day trading on Wednesday, hitting $4.83. The company's stock had a trading volume of 14,130,334 shares, compared to its average volume of 33,980,828. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $54.60. The stock's fifty day simple moving average is $5.01 and its two-hundred day simple moving average is $4.36. The firm has a market capitalization of $1.43 billion, a P/E ratio of -3.99 and a beta of 1.84.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.43) EPS for the quarter, hitting analysts' consensus estimates of ($0.43). The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. The business's revenue for the quarter was down 23.1% on a year-over-year basis.

Institutional Trading of AMC Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in shares of AMC Entertainment in the 4th quarter valued at about $34,000. Mayflower Financial Advisors LLC bought a new position in shares of AMC Entertainment during the first quarter valued at approximately $37,000. Skylands Capital LLC bought a new position in shares of AMC Entertainment during the second quarter valued at approximately $50,000. Powell Investment Advisors LLC acquired a new stake in shares of AMC Entertainment during the 1st quarter worth approximately $55,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of AMC Entertainment by 817.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company's stock worth $61,000 after purchasing an additional 8,861 shares during the last quarter. 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.