AMC Entertainment Holdings, Inc. (NYSE:AMC) to Post Q1 2024 Earnings of ($0.87) Per Share, Barrington Research Forecasts

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Investment analysts at Barrington Research increased their Q1 2024 EPS estimates for AMC Entertainment in a research note issued to investors on Monday, April 22nd. Barrington Research analyst J. Goss now expects that the company will post earnings per share of ($0.87) for the quarter, up from their previous estimate of ($0.94). The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.63) per share. Barrington Research also issued estimates for AMC Entertainment’s FY2024 earnings at ($2.10) EPS, FY2025 earnings at ($1.34) EPS and FY2026 earnings at ($1.11) EPS.

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

A number of other equities analysts have also weighed in on AMC. Wedbush decreased their price objective on shares of AMC Entertainment from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. B. Riley decreased their target price on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $5.95.

AMC Entertainment Price Performance

Shares of NYSE AMC opened at $3.28 on Thursday. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $62.30. The firm has a market cap of $863.56 million, a P/E ratio of -1.40 and a beta of 1.62. The company has a 50 day moving average of $3.86 and a 200 day moving average of $5.77.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds have recently modified their holdings of the business. Powell Investment Advisors LLC bought a new stake in shares of AMC Entertainment during the 1st quarter valued at $55,000. Quadrature Capital Ltd boosted its holdings in AMC Entertainment by 374.1% in the 4th quarter. Quadrature Capital Ltd now owns 818,077 shares of the company’s stock worth $5,003,000 after buying an additional 645,541 shares during the period. Vanguard Group Inc. boosted its holdings in AMC Entertainment by 48.3% in the 4th quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock worth $123,548,000 after buying an additional 6,577,228 shares during the period. Virtu Financial LLC bought a new position in AMC Entertainment in the 4th quarter worth $202,000. Finally, Caas Capital Management LP bought a new position in AMC Entertainment in the 4th quarter worth $148,000. 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.