Roth Capital Forecasts Higher Earnings for AMC Entertainment

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Roth Capital boosted their FY2024 earnings per share estimates for shares of AMC Entertainment in a report released on Monday, December 9th. Roth Capital analyst E. Handler now anticipates that the company will earn ($1.33) per share for the year, up from their previous estimate of ($1.38). The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.41) per share. Roth Capital also issued estimates for AMC Entertainment’s FY2025 earnings at $0.11 EPS and FY2026 earnings at $0.39 EPS.

Several other brokerages have also commented on AMC. Macquarie reiterated an “underperform” rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. B. Riley decreased their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, AMC Entertainment currently has an average rating of “Reduce” and an average target price of $5.44.

AMC Entertainment Stock Performance

NYSE:AMC opened at $4.18 on Thursday. The stock has a 50-day simple moving average of $4.47 and a 200 day simple moving average of $4.76. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -2.60 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. AMC Entertainment’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) earnings per share.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors have recently modified their holdings of AMC. KBC Group NV bought a new position in AMC Entertainment in the 3rd quarter worth about $37,000. Creative Planning acquired a new position in shares of AMC Entertainment during the third quarter worth approximately $48,000. Skylands Capital LLC bought a new position in AMC Entertainment in the 2nd quarter worth approximately $50,000. Amalgamated Bank increased its position in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after acquiring an additional 2,771 shares during the period. Finally, Burns Matteson Capital Management LLC bought a new stake in AMC Entertainment during the 3rd quarter valued at $55,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.