AMC Entertainment (NYSE:AMC) Issues Quarterly Earnings Results

AMC Entertainment (NYSE:AMC) posted its quarterly earnings data on Thursday. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($0.11), Briefing.com reports. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. AMC Entertainment had a negative net margin of 0.20% and a negative return on equity of 10.94%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.82) earnings per share.

Shares of AMC traded up $0.38 during trading on Friday, reaching $9.62. 2,379,964 shares of the company traded hands, compared to its average volume of 2,046,076. AMC Entertainment has a twelve month low of $8.73 and a twelve month high of $17.84. The stock has a market cap of $1.02 billion, a PE ratio of 74.00 and a beta of 0.81. The stock has a 50-day simple moving average of $9.85 and a 200-day simple moving average of $11.21. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 7.30.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date is Friday, November 29th. AMC Entertainment’s dividend payout ratio is presently 615.38%.

Several research firms recently issued reports on AMC. Imperial Capital cut their price objective on shares of AMC Entertainment from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Roth Capital began coverage on shares of AMC Entertainment in a research report on Friday, July 19th. They set an “outperform” rating and a $18.00 price objective for the company. Zacks Investment Research upgraded shares of AMC Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine cut shares of AMC Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Barrington Research restated a “buy” rating and set a $16.00 price objective on shares of AMC Entertainment in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $15.50.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

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Earnings History for AMC Entertainment (NYSE:AMC)

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