AMC Entertainment (NYSE:AMC) released its quarterly earnings results on Thursday. The company reported ($0.82) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.33), Briefing.com reports. AMC Entertainment had a negative net margin of 5.15% and a positive return on equity of 1.70%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business posted ($0.33) EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year.
Shares of NYSE AMC traded down $2.47 during trading on Friday, hitting $15.66. The company had a trading volume of 6,799,938 shares, compared to its average volume of 1,835,474. AMC Entertainment has a fifty-two week low of $10.80 and a fifty-two week high of $21.45. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of -17.60, a price-to-earnings-growth ratio of 115.13 and a beta of 0.83. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Monday, December 10th will be given a $0.20 dividend. The ex-dividend date is Friday, December 7th. This represents a $0.80 annualized dividend and a dividend yield of 5.11%. AMC Entertainment’s dividend payout ratio (DPR) is -89.89%.
In related news, Director Wanda America Investment Holdi sold 75,826,927 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $1.82, for a total transaction of $138,005,007.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Mcdonald sold 17,500 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $18.70, for a total transaction of $327,250.00. Following the transaction, the executive vice president now owns 39,462 shares in the company, valued at $737,939.40. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.
About AMC Entertainment
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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