Wall Street analysts expect AMC Entertainment Holdings Inc (NYSE:AMC) to report sales of $1.27 billion for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for AMC Entertainment’s earnings. The highest sales estimate is $1.31 billion and the lowest is $1.23 billion. AMC Entertainment reported sales of $1.38 billion in the same quarter last year, which indicates a negative year over year growth rate of 8%. The company is expected to issue its next earnings results on Monday, May 6th.

On average, analysts expect that AMC Entertainment will report full year sales of $5.58 billion for the current year, with estimates ranging from $5.53 billion to $5.62 billion. For the next fiscal year, analysts expect that the firm will post sales of $5.76 billion, with estimates ranging from $5.65 billion to $5.82 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow AMC Entertainment.

A number of equities research analysts have recently issued reports on AMC shares. Zacks Investment Research cut AMC Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. B. Riley cut AMC Entertainment from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $29.00 to $17.00 in a research note on Tuesday, January 22nd. Bank of America cut AMC Entertainment from a “neutral” rating to an “underperform” rating in a research note on Friday, January 25th. Loop Capital started coverage on AMC Entertainment in a research note on Thursday, January 31st. They set a “hold” rating and a $15.00 price objective on the stock. Finally, MKM Partners dropped their price objective on AMC Entertainment to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.89.

In related news, EVP John D. Mcdonald sold 7,500 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $15.75, for a total value of $118,125.00. Following the sale, the executive vice president now owns 54,746 shares in the company, valued at approximately $862,249.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.01% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new stake in AMC Entertainment in the 3rd quarter valued at $21,446,000. Vanguard Group Inc raised its stake in AMC Entertainment by 22.6% in the 3rd quarter. Vanguard Group Inc now owns 5,470,821 shares of the company’s stock valued at $112,153,000 after acquiring an additional 1,007,161 shares during the period. Morgan Stanley raised its stake in AMC Entertainment by 167.2% in the 3rd quarter. Morgan Stanley now owns 626,017 shares of the company’s stock valued at $12,834,000 after acquiring an additional 391,695 shares during the period. Verition Fund Management LLC bought a new stake in AMC Entertainment in the 3rd quarter valued at $323,000. Finally, Meeder Asset Management Inc. grew its holdings in AMC Entertainment by 99.3% in the 4th quarter. Meeder Asset Management Inc. now owns 21,302 shares of the company’s stock valued at $263,000 after buying an additional 10,614 shares in the last quarter. Institutional investors and hedge funds own 40.33% of the company’s stock.

Shares of AMC Entertainment stock traded up $0.02 on Thursday, reaching $14.50. 1,761,252 shares of the company were exchanged, compared to its average volume of 1,438,837. AMC Entertainment has a one year low of $11.66 and a one year high of $21.45. The stock has a market cap of $1.51 billion, a P/E ratio of 111.54, a P/E/G ratio of 5.55 and a beta of 0.94. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.72.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Monday, March 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Friday, March 8th. AMC Entertainment’s dividend payout ratio (DPR) is presently 615.38%.

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 and Estimates for AMC Entertainment (NYSE:AMC)

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