Roth Capital Lowers Earnings Estimates for AMC Entertainment

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Equities research analysts at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for AMC Entertainment in a research note issued to investors on Tuesday, February 4th. Roth Capital analyst E. Handler now anticipates that the company will earn ($1.34) per share for the year, down from their previous forecast of ($1.33). Roth Capital currently 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 has been the subject of a number of other reports. StockNews.com upgraded AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. B. Riley dropped their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Roth Mkm upgraded shares of AMC Entertainment from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $4.00 to $3.25 in a report on Tuesday. Macquarie reiterated an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.08.

AMC Entertainment Price Performance

Shares of NYSE:AMC opened at $3.11 on Thursday. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The business’s 50-day moving average is $3.95 and its 200-day moving average is $4.42. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -1.93 and a beta of 1.88.

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

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the business. KBC Group NV purchased a new stake in AMC Entertainment in the 3rd quarter valued at $37,000. Creative Planning bought a new stake in shares of AMC Entertainment in the 3rd quarter worth $48,000. Amalgamated Bank raised its holdings 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 purchasing an additional 2,771 shares during the last quarter. Burns Matteson Capital Management LLC bought a new position in shares of AMC Entertainment during the third quarter valued at about $55,000. Finally, Traphagen Investment Advisors LLC purchased a new position in AMC Entertainment during the fourth quarter worth about $64,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.