Q1 2024 EPS Estimates for AMC Entertainment Holdings, Inc. Lifted by Analyst (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Research analysts at Wedbush increased their Q1 2024 earnings per share (EPS) estimates for AMC Entertainment in a note issued to investors on Thursday, April 18th. Wedbush analyst A. Reese now anticipates that the company will post earnings of ($0.60) per share for the quarter, up from their previous forecast of ($0.70). Wedbush currently has a “Neutral” rating and a $4.00 target price on the stock. The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.63) per share. Wedbush also issued estimates for AMC Entertainment’s Q2 2024 earnings at ($0.17) EPS, Q3 2024 earnings at ($0.09) EPS, FY2024 earnings at ($0.91) EPS, Q1 2025 earnings at ($0.37) EPS, Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at ($0.44) EPS and FY2026 earnings at ($0.19) EPS.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.06 billion.

Separately, B. Riley cut their target price on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, AMC Entertainment currently has a consensus rating of “Reduce” and an average target price of $5.95.

AMC Entertainment Stock Down 0.7 %

Shares of AMC opened at $3.40 on Monday. The business has a 50-day simple moving average of $3.92 and a two-hundred day simple moving average of $5.80. The stock has a market cap of $893.84 million, a price-to-earnings ratio of -1.44 and a beta of 1.62. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $62.30.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AMC. Russell Investments Group Ltd. acquired a new position in shares of AMC Entertainment during the 4th quarter valued at $34,000. Powell Investment Advisors LLC acquired a new position in shares of AMC Entertainment in the 1st quarter worth $55,000. Tower Research Capital LLC TRC grew its holdings in shares of AMC Entertainment by 817.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock worth $61,000 after acquiring an additional 8,861 shares during the last quarter. Eudaimonia Partners LLC acquired a new position in shares of AMC Entertainment in the 4th quarter worth $71,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of AMC Entertainment in the 4th quarter worth $72,000. 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.