Equities Analysts Issue Forecasts for AMC Entertainment Holdings, Inc.’s Q2 2024 Earnings (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMCFree Report) – Stock analysts at Roth Capital reduced their Q2 2024 earnings per share (EPS) estimates for shares of AMC Entertainment in a report issued on Wednesday, June 5th. Roth Capital analyst E. Handler now forecasts that the company will post earnings per share of ($0.73) for the quarter, down from their prior forecast of ($0.38). The consensus estimate for AMC Entertainment’s current full-year earnings is ($0.62) per share. Roth Capital also issued estimates for AMC Entertainment’s Q3 2024 earnings at ($0.07) EPS, Q4 2024 earnings at ($0.03) EPS, FY2025 earnings at ($0.26) EPS and FY2026 earnings at $0.04 EPS.

AMC has been the subject of a number of other reports. Wedbush reduced their price target on shares of AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Citigroup boosted their target price on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a research note on Tuesday, May 14th. Finally, B. Riley dropped their price target 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 given a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $5.54.

Check Out Our Latest Report on AMC Entertainment

AMC Entertainment Trading Up 12.1 %

Shares of AMC opened at $5.78 on Friday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -4.55 and a beta of 1.70. The business’s fifty day simple moving average is $3.78 and its two-hundred day simple moving average is $4.70. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $62.30.

AMC Entertainment (NYSE:AMCGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The company had revenue of $951.40 million for the quarter, compared to the consensus estimate of $951.40 million.

Institutional Trading of AMC Entertainment

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

AMC Entertainment Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for AMC Entertainment (NYSE:AMC)

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