FY2024 EPS Estimate for AMC Entertainment Raised by Analyst

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Stock analysts at Roth Capital boosted their FY2024 EPS estimates for AMC Entertainment in a research report issued 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 previous forecast of ($1.38). The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.41) per share. Roth Capital also issued estimates for AMC Entertainment’s FY2025 earnings at $0.11 EPS and FY2026 earnings at $0.39 EPS.

AMC has been the subject of a number of other reports. Macquarie reissued an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. B. Riley decreased their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, StockNews.com upgraded AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $5.44.

AMC Entertainment Stock Down 3.0 %

Shares of AMC stock opened at $4.18 on Thursday. The stock has a 50-day simple moving average of $4.47 and a 200 day simple moving average of $4.76. The stock has a market capitalization of $1.57 billion, a P/E ratio of -2.60 and a beta of 1.85. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.

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

Hedge Funds Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in AMC Entertainment by 24.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock valued at $245,000 after purchasing an additional 12,975 shares in the last quarter. Tyche Wealth Partners LLC bought a new stake in AMC Entertainment during the 2nd quarter valued at approximately $90,000. Bank of New York Mellon Corp grew its holdings in AMC Entertainment by 92.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock valued at $5,411,000 after buying an additional 522,063 shares during the last quarter. Skylands Capital LLC bought a new position in AMC Entertainment in the 2nd quarter worth approximately $50,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of AMC Entertainment by 14.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company’s stock worth $230,000 after buying an additional 5,902 shares during the last quarter. 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.