Equities Analysts Offer Predictions for AMC FY2024 Earnings

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Research analysts at Roth Capital cut their FY2024 earnings per share (EPS) estimates for AMC Entertainment in a report released on Tuesday, February 4th. Roth Capital analyst E. Handler now expects that the company will post earnings of ($1.34) per share for the year, down from their prior estimate of ($1.33). Roth Capital has a “Hold” rating on the stock. The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.41) per share. Roth Capital also issued estimates for AMC Entertainment’s Q4 2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.41) EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at ($0.38) EPS and FY2026 earnings at ($0.14) EPS.

Several other research firms also recently weighed in on AMC. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $4.00 to $3.25 in a research report on Tuesday. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. B. Riley reduced their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Macquarie reiterated an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.08.

AMC Entertainment Trading Down 0.8 %

NYSE AMC opened at $3.14 on Thursday. The business’s 50-day moving average price is $3.95 and its 200 day moving average price is $4.42. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88. The company has a market capitalization of $1.18 billion, a PE ratio of -1.95 and a beta of 1.88.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year.

Institutional Investors Weigh In On AMC Entertainment

A number of large investors have recently modified their holdings of the stock. Amalgamated Bank grew its stake in shares of AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after buying an additional 2,771 shares in the last quarter. Private Advisor Group LLC grew its stake in AMC Entertainment by 27.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after purchasing an additional 3,237 shares in the last quarter. Victory Capital Management Inc. grew its stake in AMC Entertainment by 20.1% during the 3rd quarter. Victory Capital Management Inc. now owns 45,711 shares of the company’s stock valued at $208,000 after purchasing an additional 7,661 shares in the last quarter. Waldron Private Wealth LLC grew its stake in AMC Entertainment by 47.5% during the 3rd quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company’s stock valued at $115,000 after purchasing an additional 8,102 shares in the last quarter. Finally, KBC Group NV acquired a new stake in AMC Entertainment during the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

About AMC Entertainment

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.