Q3 EPS Estimate for AMC Entertainment Boosted by Analyst

AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Analysts at Roth Capital increased their Q3 2024 EPS estimates for AMC Entertainment in a research note issued to investors on Thursday, October 17th. Roth Capital analyst E. Handler now expects that the company will post earnings of ($0.09) per share for the quarter, up from their previous forecast of ($0.14). The consensus estimate for AMC Entertainment's current full-year earnings is ($1.34) per share. Roth Capital also issued estimates for AMC Entertainment's FY2024 earnings at ($1.38) EPS, FY2025 earnings at $0.01 EPS and FY2026 earnings at $0.20 EPS.

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

Several other research analysts also recently commented on the stock. Wedbush reiterated a "neutral" rating and issued a $4.00 target price on shares of AMC Entertainment in a report on Monday, August 5th. Benchmark restated a "hold" rating on shares of AMC Entertainment in a research note on Monday, August 5th. 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. Finally, Morgan Stanley reduced their price target 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. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $5.84.

AMC Entertainment Price Performance

AMC traded down $0.07 on Monday, hitting $4.29. The company had a trading volume of 5,022,309 shares, compared to its average volume of 27,444,600. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -3.43 and a beta of 1.80. The company's fifty day moving average price is $4.68 and its 200 day moving average price is $4.52. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88.

Hedge Funds Weigh In On AMC Entertainment

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in AMC Entertainment by 48.3% in the 4th 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 in the last quarter. Renaissance Technologies LLC boosted its stake in shares of AMC Entertainment by 18.2% in the 2nd quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company's stock valued at $51,223,000 after purchasing an additional 1,585,430 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of AMC Entertainment in the 2nd quarter worth about $6,775,000. SG Americas Securities LLC increased its position in shares of AMC Entertainment by 1,894.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company's stock worth $5,583,000 after purchasing an additional 1,064,805 shares in the last quarter. Finally, Boulder Hill Capital Management LP bought a new position in AMC Entertainment during the 1st quarter valued at about $2,842,000. 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.