Q2 2024 EPS Estimates for AMC Entertainment Holdings, Inc. Lifted by Wedbush (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Investment analysts at Wedbush lifted their Q2 2024 earnings per share estimates for shares of AMC Entertainment in a research note issued to investors on Monday, May 20th. Wedbush analyst A. Reese now expects that the company will earn ($0.20) per share for the quarter, up from their prior estimate of ($0.22). Wedbush currently has a “Neutral” rating and a $3.50 target price on the stock. The consensus estimate for AMC Entertainment’s current full-year earnings is ($0.62) per share. Wedbush also issued estimates for AMC Entertainment’s Q3 2024 earnings at $0.02 EPS, Q4 2024 earnings at $0.02 EPS, FY2024 earnings at ($0.62) EPS, Q1 2025 earnings at ($0.29) EPS, Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at ($0.26) EPS and FY2026 earnings at ($0.06) EPS.

A number of other equities research analysts have also commented on the stock. B. Riley reduced their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Citigroup boosted their price objective on AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a report on Tuesday, May 14th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $5.54.

AMC Entertainment Stock Down 9.6 %

NYSE AMC opened at $4.58 on Wednesday. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -3.60 and a beta of 1.69. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $62.30. The stock has a fifty day simple moving average of $3.65 and a 200 day simple moving average of $4.97.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.06 billion.

Institutional Investors Weigh In On AMC Entertainment

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new position in shares of AMC Entertainment during the 4th quarter worth $34,000. Mayflower Financial Advisors LLC purchased a new stake in AMC Entertainment during the first quarter valued at about $37,000. Powell Investment Advisors LLC purchased a new position in shares of AMC Entertainment during the 1st quarter valued at about $55,000. Tower Research Capital LLC TRC lifted its holdings in shares of AMC Entertainment by 817.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock worth $61,000 after acquiring an additional 8,861 shares during the last quarter. Finally, Eudaimonia Partners LLC purchased a new stake in AMC Entertainment during the fourth quarter valued at about $71,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Company Profile

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.