Brokerages expect AMC Entertainment Holdings Inc (NYSE:AMC) to announce $1.20 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for AMC Entertainment’s earnings, with estimates ranging from $1.18 billion to $1.23 billion. AMC Entertainment reported sales of $1.18 billion in the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The company is scheduled to announce its next quarterly earnings report on Monday, November 5th.
On average, analysts expect that AMC Entertainment will report full-year sales of $5.42 billion for the current fiscal year, with estimates ranging from $5.40 billion to $5.45 billion. For the next financial year, analysts anticipate that the firm will post sales of $5.63 billion per share, with estimates ranging from $5.56 billion to $5.72 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for AMC Entertainment.
AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. AMC Entertainment had a positive return on equity of 1.70% and a negative net margin of 5.15%. AMC Entertainment’s revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the business posted ($1.35) EPS.
In other AMC Entertainment news, EVP John D. Mcdonald sold 17,500 shares of the stock in a transaction on Monday, July 30th. The stock was sold at an average price of $15.42, for a total value of $269,850.00. Following the completion of the sale, the executive vice president now owns 56,961 shares in the company, valued at approximately $878,338.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carla C. Sanders sold 6,000 shares of the stock in a transaction on Friday, June 1st. The stock was sold at an average price of $14.76, for a total value of $88,560.00. Following the completion of the sale, the senior vice president now owns 15,992 shares of the company’s stock, valued at approximately $236,041.92. The disclosure for this sale can be found here. Insiders sold a total of 28,864 shares of company stock valued at $443,966 in the last quarter. 1.40% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Cornerstone Wealth Management LLC purchased a new stake in AMC Entertainment in the 2nd quarter worth $352,000. Quantbot Technologies LP purchased a new stake in AMC Entertainment in the 1st quarter worth $101,000. Bank of Montreal Can increased its stake in AMC Entertainment by 141.4% in the 2nd quarter. Bank of Montreal Can now owns 9,006 shares of the company’s stock worth $143,000 after buying an additional 5,275 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in AMC Entertainment in the 1st quarter worth $142,000. Finally, Gargoyle Investment Advisor L.L.C. purchased a new stake in AMC Entertainment in the 1st quarter worth $146,000. Institutional investors and hedge funds own 41.33% of the company’s stock.
NYSE:AMC opened at $18.10 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $2.23 billion, a PE ratio of -20.34, a P/E/G ratio of 9.97 and a beta of 0.76. AMC Entertainment has a one year low of $10.80 and a one year high of $18.45.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 24th. Shareholders of record on Monday, September 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 7th. This represents a $0.80 dividend on an annualized basis and a yield of 4.42%. AMC Entertainment’s payout ratio is presently -89.89%.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.
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