Q3 2024 EPS Estimates for AMC Entertainment Holdings, Inc. Increased by Analyst (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Equities researchers at B. Riley boosted their Q3 2024 earnings per share estimates for shares of AMC Entertainment in a research note issued to investors on Thursday, October 3rd. B. Riley analyst E. Wold now expects that the company will post earnings of ($0.01) per share for the quarter, up from their previous estimate of ($0.11). 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 ($0.08) EPS, FY2024 earnings at ($1.30) EPS, Q1 2025 earnings at ($0.55) EPS, Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.44) EPS.

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

AMC has been the subject of several other reports. Morgan Stanley lowered their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Monday, August 12th. Wedbush reissued a "neutral" rating and issued a $4.00 target price on shares of AMC Entertainment in a report on Monday, August 5th. Macquarie raised their price target on AMC Entertainment from $3.50 to $4.00 and gave the company an "underperform" rating in a report on Tuesday, July 9th. Finally, Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research note on Monday, August 5th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $5.70.

AMC Entertainment Price Performance

NYSE AMC traded down $0.22 during trading hours on Monday, reaching $4.19. 12,912,948 shares of the company's stock traded hands, compared to its average volume of 28,558,266. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88. The firm has a 50-day simple moving average of $4.84 and a 200 day simple moving average of $4.49. The firm has a market cap of $1.24 billion, a PE ratio of -3.30 and a beta of 1.80.

Hedge Funds Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mayflower Financial Advisors LLC bought a new position in AMC Entertainment in the 1st quarter valued at approximately $37,000. Skylands Capital LLC bought a new position in AMC Entertainment in the 2nd quarter valued at approximately $50,000. Powell Investment Advisors LLC bought a new position in AMC Entertainment in the 1st quarter valued at approximately $55,000. Principal Financial Group Inc. lifted its position in AMC Entertainment by 50.6% in the 1st quarter. Principal Financial Group Inc. now owns 20,091 shares of the company's stock valued at $75,000 after acquiring an additional 6,748 shares in the last quarter. Finally, Quarry LP lifted its position in AMC Entertainment by 9,601.2% in the 2nd quarter. Quarry LP now owns 15,619 shares of the company's stock valued at $78,000 after acquiring an additional 15,458 shares in the last quarter. 28.80% of the stock is owned by institutional investors.

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.