Equities Analysts Offer Predictions for AMC FY2024 Earnings

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Stock analysts at Roth Capital decreased their FY2024 earnings per share (EPS) estimates for shares of AMC Entertainment in a note issued to investors on Tuesday, February 4th. Roth Capital analyst E. Handler now forecasts that the company will post earnings per share of ($1.34) for the year, down from their prior forecast 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.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the business posted ($0.09) EPS.

Several other analysts also recently issued reports on AMC. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Roth Mkm raised AMC Entertainment from a “sell” rating to a “neutral” rating and cut their price target for the stock from $4.00 to $3.25 in a report on Tuesday. B. Riley lowered 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. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Finally, Macquarie restated an “underperform” rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, AMC Entertainment presently has a consensus rating of “Hold” and a consensus target price of $5.08.

AMC Entertainment Trading Down 0.8 %

Shares of NYSE AMC opened at $3.14 on Thursday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -1.95 and a beta of 1.88. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88. The stock’s 50 day simple moving average is $3.95 and its 200 day simple moving average is $4.42.

Hedge Funds Weigh In On AMC Entertainment

Hedge funds have recently modified their holdings of the company. KBC Group NV acquired a new position in shares of AMC Entertainment during the 3rd quarter valued at $37,000. Creative Planning acquired a new position in shares of AMC Entertainment in the 3rd quarter worth $48,000. Amalgamated Bank grew its holdings in shares of AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after acquiring an additional 2,771 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in shares of AMC Entertainment in the 3rd quarter worth $55,000. Finally, Traphagen Investment Advisors LLC acquired a new position in shares of AMC Entertainment in the 4th quarter worth $64,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

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.