Wall Street analysts expect that AMC Entertainment Holdings Inc (NYSE:AMC) will report sales of $1.30 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for AMC Entertainment’s earnings. The highest sales estimate is $1.31 billion and the lowest is $1.28 billion. AMC Entertainment posted sales of $1.28 billion during the same quarter last year, which would indicate a positive year over year growth rate of 1.6%. The company is scheduled to announce its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that AMC Entertainment will report full year sales of $1.30 billion for the current year, with estimates ranging from $5.28 billion to $5.35 billion. For the next year, analysts forecast that the firm will post sales of $5.52 billion per share, with estimates ranging from $5.47 billion to $5.57 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow AMC Entertainment.
AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Thursday, March 1st. The company reported ($2.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($2.41). AMC Entertainment had a negative net margin of 9.59% and a negative return on equity of 6.04%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The company’s revenue was up 53.0% on a year-over-year basis.
Shares of AMC Entertainment (NYSE:AMC) opened at $15.05 on Thursday. AMC Entertainment has a 52-week low of $10.80 and a 52-week high of $32.10. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.62 and a current ratio of 0.62.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 12th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Friday, March 9th. AMC Entertainment’s dividend payout ratio (DPR) is -21.33%.
Several hedge funds have recently bought and sold shares of AMC. State Street Corp increased its position in shares of AMC Entertainment by 7.1% in the second quarter. State Street Corp now owns 1,033,328 shares of the company’s stock worth $23,504,000 after purchasing an additional 68,098 shares during the last quarter. Aperio Group LLC bought a new position in shares of AMC Entertainment in the third quarter worth approximately $440,000. BNP Paribas Arbitrage SA increased its position in shares of AMC Entertainment by 211.5% in the third quarter. BNP Paribas Arbitrage SA now owns 22,142 shares of the company’s stock worth $325,000 after purchasing an additional 15,033 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of AMC Entertainment by 302.9% in the third quarter. New York State Common Retirement Fund now owns 318,297 shares of the company’s stock worth $4,679,000 after purchasing an additional 239,297 shares during the last quarter. Finally, Lapides Asset Management LLC bought a new position in shares of AMC Entertainment in the third quarter worth approximately $2,278,000. Institutional investors own 43.33% of the company’s stock.
About AMC Entertainment
AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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