Roth Capital Raises Earnings Estimates for AMC Entertainment

AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Stock analysts at Roth Capital raised their FY2024 earnings per share (EPS) estimates for shares of 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.

Several other analysts have also commented on the stock. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Macquarie reaffirmed an "underperform" rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. B. Riley cut their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, AMC Entertainment currently has a consensus rating of "Reduce" and an average target price of $5.44.

AMC Entertainment Trading Down 1.6 %

AMC stock traded down $0.07 during trading hours on Thursday, hitting $4.28. 9,993,639 shares of the stock traded hands, compared to its average volume of 25,365,752. The stock has a 50-day simple moving average of $4.48 and a 200 day simple moving average of $4.77. The company has a market cap of $1.61 billion, a P/E ratio of -2.71 and a beta of 1.85. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm earned ($0.09) EPS. The business's revenue for the quarter was down 4.1% compared to the same quarter last year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. KBC Group NV bought a new stake in AMC Entertainment in the third quarter valued at about $37,000. Skylands Capital LLC acquired a new position in shares of AMC Entertainment in the 2nd quarter worth approximately $50,000. Creative Planning bought a new stake in AMC Entertainment during the 3rd quarter worth approximately $48,000. Amalgamated Bank increased its holdings in AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company's stock valued at $53,000 after purchasing an additional 2,771 shares in the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in AMC Entertainment during the 3rd quarter valued at $55,000. Institutional investors and hedge funds 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.