AMC Entertainment (AMC) Issues Quarterly Earnings Results, Misses Expectations By $0.33 EPS

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%.

AMC has been the topic of several research analyst reports. Wedbush upgraded shares of AMC Entertainment to a “buy” rating and set a $25.00 target price on the stock in a research report on Monday, September 17th. Barrington Research reiterated a “buy” rating and issued a $22.00 target price on shares of AMC Entertainment in a research report on Friday. ValuEngine upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. William Blair reiterated a “hold” rating on shares of AMC Entertainment in a research report on Monday, September 17th. Finally, Zacks Investment Research lowered shares of AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. AMC Entertainment presently has an average rating of “Buy” and a consensus target price of $21.81.

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.

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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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Earnings History for AMC Entertainment (NYSE:AMC)

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