AMC Entertainment Holdings, Inc. (NYSE:AMC) to Post Q1 2022 Earnings of ($0.35) Per Share, Wedbush Forecasts


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AMC Entertainment Holdings, Inc. (NYSE:AMC) – Investment analysts at Wedbush issued their Q1 2022 EPS estimates for shares of AMC Entertainment in a note issued to investors on Monday, May 3rd. Wedbush analyst M. Pachter expects that the company will post earnings of ($0.35) per share for the quarter. Wedbush has a “Neutral” rating and a $5.00 price objective on the stock. Wedbush also issued estimates for AMC Entertainment’s Q3 2022 earnings at ($0.17) EPS and Q4 2022 earnings at ($0.05) EPS.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Tuesday, March 9th. The company reported ($3.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.80) by ($0.35). The business had revenue of $162.50 million during the quarter, compared to the consensus estimate of $141.31 million. During the same quarter in the prior year, the company earned $0.35 EPS. The firm’s revenue for the quarter was down 88.8% on a year-over-year basis.

AMC has been the topic of several other research reports. B. Riley upgraded shares of AMC Entertainment from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $13.00 in a research note on Monday, April 5th. Zacks Investment Research lowered AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, March 30th. UBS Group assumed coverage on shares of AMC Entertainment in a report on Wednesday, March 10th. They set a “sell” rating for the company. Loop Capital reiterated a “sell” rating and issued a $1.00 price objective on shares of AMC Entertainment in a research report on Wednesday, April 7th. Finally, MKM Partners lowered shares of AMC Entertainment from a “neutral” rating to a “sell” rating and set a $1.00 price target on the stock. in a research note on Monday, February 1st. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $5.00.

AMC Entertainment stock opened at $9.71 on Tuesday. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of -0.28 and a beta of 2.48. AMC Entertainment has a fifty-two week low of $1.91 and a fifty-two week high of $20.36. The stock has a fifty day moving average of $10.53 and a two-hundred day moving average of $6.10.

In other AMC Entertainment news, Director America Entertainment I. Wanda sold 1,582,996 shares of the firm’s stock in a transaction dated Friday, March 19th. The shares were sold at an average price of $14.43, for a total value of $22,842,632.28. Following the completion of the transaction, the director now directly owns 46,103,784 shares in the company, valued at $665,277,603.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sean D. Goodman sold 45,404 shares of the company’s stock in a transaction that occurred on Friday, April 16th. The shares were sold at an average price of $9.49, for a total transaction of $430,883.96. Following the completion of the sale, the chief financial officer now owns 156,705 shares of the company’s stock, valued at approximately $1,487,130.45. The disclosure for this sale can be found here. Insiders sold a total of 1,844,579 shares of company stock worth $25,709,103 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley lifted its holdings in shares of AMC Entertainment by 124.6% during the third quarter. Morgan Stanley now owns 437,249 shares of the company’s stock valued at $2,058,000 after acquiring an additional 242,612 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of AMC Entertainment by 216.8% during the third quarter. Cubist Systematic Strategies LLC now owns 9,418 shares of the company’s stock worth $44,000 after buying an additional 6,445 shares in the last quarter. Iron Financial LLC bought a new position in shares of AMC Entertainment in the fourth quarter valued at $87,000. Procyon Private Wealth Partners LLC bought a new position in shares of AMC Entertainment during the 4th quarter worth approximately $89,000. Finally, Concentrum Wealth Management acquired a new position in shares of AMC Entertainment in the fourth quarter valued at approximately $53,000. 16.61% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 12, 2021, it operated approximately 1000 theatres and 10,700 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood, Kansas.

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Earnings History and Estimates for AMC Entertainment (NYSE:AMC)

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