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

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Investment analysts at Wedbush increased their Q1 2024 earnings per share (EPS) estimates for AMC Entertainment in a report released on Thursday, April 18th. Wedbush analyst A. Reese now anticipates that the company will earn ($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 released its earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.70) by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion.

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

AMC Entertainment Stock Down 0.7 %

NYSE:AMC opened at $3.40 on Monday. The stock’s 50 day moving average price is $3.92 and its two-hundred day moving average price is $5.80. The firm has a market capitalization of $893.84 million, a price-to-earnings ratio of -1.44 and a beta of 1.62. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $62.30.

Institutional Investors Weigh In On AMC Entertainment

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of AMC Entertainment by 48.3% in the 4th quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock valued at $123,548,000 after purchasing an additional 6,577,228 shares in the last quarter. Norges Bank bought a new position in shares of AMC Entertainment in the 4th quarter worth about $12,605,000. Quadrature Capital Ltd raised its position in shares of 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 acquiring an additional 645,541 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of AMC Entertainment by 935.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock valued at $6,506,000 after buying an additional 735,666 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of AMC Entertainment in the 3rd quarter valued at about $5,582,000. 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.