B. Riley Lowers Earnings Estimates for AMC Entertainment

AMC Entertainment Holdings, Inc. (NYSE:AMC) – B. Riley reduced their FY2024 earnings per share estimates for AMC Entertainment in a research note issued on Wednesday, November 6th. B. Riley analyst E. Wold now expects that the company will post earnings of ($1.41) per share for the year, down from their prior forecast of ($1.30). B. Riley currently has a “Neutral” rating and a $6.00 price target on the stock. The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.36) per share. B. Riley also issued estimates for AMC Entertainment’s Q4 2024 earnings at ($0.16) EPS, Q1 2025 earnings at ($0.57) EPS, Q3 2025 earnings at ($0.21) EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at ($0.69) EPS and FY2026 earnings at ($0.54) EPS.

Other research analysts also recently issued reports about the company. Wedbush reissued a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Monday, August 5th. Morgan Stanley decreased their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Thursday. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.44.

AMC Entertainment Trading Down 0.7 %

Shares of NYSE:AMC opened at $4.27 on Monday. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88. The company has a market capitalization of $1.54 billion, a PE ratio of -2.65 and a beta of 1.83. The business has a 50 day moving average of $4.50 and a two-hundred day moving average of $4.67.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm earned ($0.09) EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year.

Institutional Trading of AMC Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in AMC. KBC Group NV purchased a new stake in shares of AMC Entertainment in the third quarter valued at approximately $37,000. Creative Planning purchased a new stake in shares of AMC Entertainment in the third quarter valued at approximately $48,000. Skylands Capital LLC purchased a new stake in shares of AMC Entertainment in the second quarter valued at approximately $50,000. Amalgamated Bank increased its position 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. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of AMC Entertainment in the third quarter valued at approximately $55,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

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.