Q3 EPS Forecast for AMC Entertainment Increased by Analyst

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Investment analysts at Roth Capital increased their Q3 2024 EPS estimates for shares of AMC Entertainment in a research report issued to clients and investors on Thursday, October 17th. Roth Capital analyst E. Handler now anticipates that the company will post earnings per share of ($0.09) for the quarter, up from their previous estimate 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) last announced its quarterly 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 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% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the stock. Macquarie raised 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. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Monday, August 5th. Wedbush reissued a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Monday, August 5th. Finally, Morgan Stanley lowered their price target on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.84.

AMC Entertainment Trading Up 3.3 %

NYSE:AMC opened at $4.36 on Monday. The company has a 50-day moving average price of $4.68 and a 200-day moving average price of $4.52. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -3.43 and a beta of 1.80.

Institutional Trading of AMC Entertainment

A number of large investors have recently made changes to their positions in AMC. Virtu Financial LLC bought a new stake in AMC Entertainment during the fourth quarter valued at approximately $202,000. Vanguard Group Inc. lifted its holdings in AMC Entertainment by 48.3% during the fourth quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock valued at $123,548,000 after purchasing an additional 6,577,228 shares in the last quarter. Powell Investment Advisors LLC purchased a new position in AMC Entertainment during the first quarter valued at approximately $55,000. Principal Financial Group Inc. lifted its holdings in AMC Entertainment by 50.6% during the first quarter. Principal Financial Group Inc. now owns 20,091 shares of the company’s stock valued at $75,000 after purchasing an additional 6,748 shares in the last quarter. Finally, Mayflower Financial Advisors LLC purchased a new position in AMC Entertainment during the first quarter valued at approximately $37,000. 28.80% of the stock is currently owned by 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.