Analysts expect that AMC Entertainment Holdings Inc (NYSE:AMC) will report $1.39 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for AMC Entertainment’s earnings, with the highest sales estimate coming in at $1.41 billion and the lowest estimate coming in at $1.36 billion. AMC Entertainment posted sales of $1.42 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.1%. The company is scheduled to report its next earnings report on Thursday, March 7th.
On average, analysts expect that AMC Entertainment will report full-year sales of $5.44 billion for the current financial year, with estimates ranging from $5.40 billion to $5.46 billion. For the next fiscal year, analysts forecast that the firm will report sales of $5.63 billion, with estimates ranging from $5.55 billion to $5.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow AMC Entertainment.
AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Thursday, November 8th. The company reported ($0.82) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($0.33). The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. AMC Entertainment had a negative return on equity of 0.63% and a negative net margin of 6.17%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.33) EPS.
AMC traded up $0.30 during trading on Friday, reaching $14.03. The company had a trading volume of 578,600 shares, compared to its average volume of 1,129,113. The stock has a market capitalization of $1.78 billion, a P/E ratio of -15.76, a P/E/G ratio of 3.24 and a beta of 0.78. AMC Entertainment has a 12-month low of $11.66 and a 12-month high of $21.45. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 4.27.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 26th. Shareholders of record on Monday, December 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 7th. This represents a $0.80 annualized dividend and a yield of 5.70%. AMC Entertainment’s dividend payout ratio (DPR) is presently -89.89%.
In other AMC Entertainment news, EVP John D. Mcdonald sold 17,500 shares of AMC Entertainment 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 of the company’s stock, valued at approximately $737,939.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.01% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AMC. Renaissance Technologies LLC purchased a new position in AMC Entertainment during the 3rd quarter valued at about $21,446,000. Vanguard Group Inc lifted its holdings in shares of AMC Entertainment by 22.6% during the 3rd quarter. Vanguard Group Inc now owns 5,470,821 shares of the company’s stock valued at $112,153,000 after buying an additional 1,007,161 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of AMC Entertainment by 22.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,470,821 shares of the company’s stock valued at $112,153,000 after buying an additional 1,007,161 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of AMC Entertainment by 1,040.9% during the 3rd quarter. Deutsche Bank AG now owns 1,087,822 shares of the company’s stock valued at $22,298,000 after buying an additional 992,476 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of AMC Entertainment during the 3rd quarter valued at about $14,740,000. 37.89% of the stock is currently owned by institutional investors.
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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