AMC Entertainment (AMC) Upgraded at Wedbush

Wedbush upgraded shares of AMC Entertainment (NYSE:AMC) to a buy rating in a research note released on Tuesday morning. The brokerage currently has $25.00 target price on the stock. Wedbush also issued estimates for AMC Entertainment’s FY2018 earnings at $0.17 EPS, Q4 2019 earnings at $0.51 EPS and FY2019 earnings at $0.66 EPS.

A number of other research firms also recently weighed in on AMC. MKM Partners upped their price target on AMC Entertainment from $20.00 to $23.00 and gave the stock a buy rating in a research report on Tuesday, April 17th. B. Riley upped their price target on AMC Entertainment to $27.50 and gave the stock a buy rating in a research report on Tuesday, May 8th. Zacks Investment Research downgraded AMC Entertainment from a hold rating to a sell rating in a report on Tuesday, May 8th. ValuEngine raised AMC Entertainment from a strong sell rating to a sell rating in a report on Thursday, June 21st. Finally, Benchmark raised AMC Entertainment from a hold rating to a buy rating and set a $20.00 price objective for the company in a report on Thursday, June 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $21.42.

Get AMC Entertainment alerts:

AMC Entertainment opened at $16.80 on Tuesday, Marketbeat Ratings reports. AMC Entertainment has a twelve month low of $10.80 and a twelve month high of $22.40. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -18.88, a PEG ratio of 10.57 and a beta of 0.76.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Monday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. AMC Entertainment had a negative return on equity of 7.13% and a negative net margin of 9.22%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm posted $0.07 EPS. The business’s revenue was up 8.0% on a year-over-year basis. sell-side analysts forecast that AMC Entertainment will post 0.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 25th. Investors of record on Monday, June 11th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Friday, June 8th. AMC Entertainment’s dividend payout ratio (DPR) is presently -89.89%.

In related news, SVP Carla C. Sanders sold 6,000 shares of the stock in a transaction on Friday, June 1st. The stock was sold at an average price of $14.76, for a total value of $88,560.00. Following the sale, the senior vice president now owns 15,992 shares in the company, valued at approximately $236,041.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Stephen A. Colanero sold 5,364 shares of the stock in a transaction on Monday, June 18th. The shares were sold at an average price of $15.95, for a total value of $85,555.80. Following the completion of the sale, the chief marketing officer now owns 69,536 shares in the company, valued at approximately $1,109,099.20. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AMC. Quantbot Technologies LP bought a new stake in AMC Entertainment in the 1st quarter valued at $101,000. Advisor Group Inc. raised its stake in AMC Entertainment by 445.3% in the 4th quarter. Advisor Group Inc. now owns 9,380 shares of the company’s stock valued at $141,000 after acquiring an additional 7,660 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in AMC Entertainment in the 1st quarter valued at $142,000. Gargoyle Investment Advisor L.L.C. bought a new stake in AMC Entertainment in the 1st quarter valued at $146,000. Finally, Pitcairn Co. bought a new stake in AMC Entertainment in the 4th quarter valued at $238,000. Institutional investors and hedge funds own 41.59% of the company’s stock.

AMC Entertainment Company Profile

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.