AMC Entertainment Holdings Inc Announces Quarterly Dividend of $0.20 (NYSE:AMC)

AMC Entertainment Holdings Inc (NYSE:AMC) announced a quarterly dividend on Friday, October 25th, Zacks reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.20 per share on Monday, December 16th. This represents a $0.80 dividend on an annualized basis and a yield of 10.13%. The ex-dividend date is Friday, November 29th.

NYSE AMC opened at $7.90 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 8.16. The stock has a market capitalization of $826.64 million, a PE ratio of 60.77 and a beta of 0.81. The company has a 50 day moving average price of $9.19 and a two-hundred day moving average price of $10.66. AMC Entertainment has a 12-month low of $7.47 and a 12-month high of $17.07.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Thursday, November 7th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.42) by ($0.11). AMC Entertainment had a net margin of 0.64% and a negative return on equity of 8.31%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned ($0.82) earnings per share. AMC Entertainment’s revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts anticipate that AMC Entertainment will post -1.13 EPS for the current year.

AMC has been the subject of a number of analyst reports. TheStreet cut shares of AMC Entertainment from a “c-” rating to a “d” rating in a research note on Monday, November 18th. Macquarie set a $16.00 price objective on shares of AMC Entertainment and gave the stock a “buy” rating in a research note on Tuesday, October 15th. ValuEngine cut shares of AMC Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th. Goldman Sachs Group set a $11.00 price objective on shares of AMC Entertainment and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, Barrington Research restated a “buy” rating and issued a $16.00 price objective on shares of AMC Entertainment in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $15.43.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

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Dividend History for AMC Entertainment (NYSE:AMC)

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