FY2024 EPS Estimates for AMC Raised by Barrington Research

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Analysts at Barrington Research boosted their FY2024 EPS estimates for AMC Entertainment in a report released on Thursday, November 7th. Barrington Research analyst J. Goss now expects that the company will post earnings of ($1.49) per share for the year, up from their previous estimate of ($1.52). The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.42) per share. Barrington Research also issued estimates for AMC Entertainment’s Q4 2024 earnings at ($0.33) EPS, FY2025 earnings at ($0.98) EPS and FY2026 earnings at ($0.63) EPS.

Several other research firms have also issued reports on AMC. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Tuesday. Morgan Stanley cut their target price 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. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. B. Riley cut their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Wedbush reissued a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Monday, August 5th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, AMC Entertainment has an average rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Stock Up 1.7 %

AMC Entertainment stock opened at $4.57 on Monday. The company’s fifty day simple moving average is $4.50 and its 200-day simple moving average is $4.68. 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 $1.65 billion, a P/E ratio of -2.84 and a beta of 1.83.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis.

Institutional Trading of AMC Entertainment

Several large investors have recently added to or reduced their stakes in the company. KBC Group NV acquired a new position in shares of AMC Entertainment during the third quarter worth approximately $37,000. Skylands Capital LLC bought a new stake in shares of AMC Entertainment during the second quarter worth $50,000. Creative Planning bought a new stake in shares of AMC Entertainment during the third quarter worth $48,000. Amalgamated Bank increased its position in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after acquiring an additional 2,771 shares in the last quarter. Finally, Burns Matteson Capital Management LLC bought a new stake in shares of AMC Entertainment during the third quarter worth $55,000. 28.80% of the stock is owned by institutional investors.

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.