Roth Capital Lifts Earnings Estimates for AMC Entertainment

AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Roth Capital raised their FY2024 earnings per share (EPS) estimates for AMC Entertainment in a note issued to investors on Monday, December 9th. Roth Capital analyst E. Handler now forecasts that the company will post earnings per share of ($1.33) for the year, up from their prior forecast of ($1.38). The consensus estimate for AMC Entertainment's current full-year earnings is ($1.42) per share. Roth Capital also issued estimates for AMC Entertainment's FY2025 earnings at $0.11 EPS and FY2026 earnings at $0.39 EPS.

Other equities analysts have also recently issued reports about the stock. Macquarie reaffirmed an "underperform" rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, November 13th. StockNews.com upgraded AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. B. Riley reduced their target price on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Finally, Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $5.44.

AMC Entertainment Stock Performance

Shares of AMC Entertainment stock traded down $0.03 on Thursday, hitting $4.32. 19,244,940 shares of the company traded hands, compared to its average volume of 25,407,283. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $11.88. The business has a 50-day simple moving average of $4.48 and a 200 day simple moving average of $4.77. The stock has a market capitalization of $1.62 billion, a P/E ratio of -2.68 and a beta of 1.85.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business posted ($0.09) EPS. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in shares of AMC Entertainment by 153.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock valued at $16,860,000 after purchasing an additional 2,243,052 shares during the last quarter. Scientech Research LLC bought a new position in AMC Entertainment during the second quarter valued at $1,167,000. Bank of New York Mellon Corp increased its position in AMC Entertainment by 92.5% during the second quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company's stock valued at $5,411,000 after acquiring an additional 522,063 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of AMC Entertainment by 174.6% in the third quarter. MetLife Investment Management LLC now owns 192,826 shares of the company's stock valued at $877,000 after acquiring an additional 122,609 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of AMC Entertainment by 24.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company's stock worth $245,000 after acquiring an additional 12,975 shares during the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

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.