AMC Entertainment Holdings, Inc. (NYSE:AMC – Free Report) – Equities research analysts at Barrington Research boosted their Q1 2024 earnings per share estimates for shares of AMC Entertainment in a report released on Monday, April 22nd. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of ($0.87) for the quarter, up from their prior estimate of ($0.94). The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.63) per share. Barrington Research also issued estimates for AMC Entertainment’s FY2024 earnings at ($2.10) EPS, FY2025 earnings at ($1.34) EPS and FY2026 earnings at ($1.11) EPS.
AMC Entertainment (NYSE:AMC – Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion.
View Our Latest Report on AMC Entertainment
AMC Entertainment Stock Performance
Shares of AMC Entertainment stock opened at $3.29 on Thursday. AMC Entertainment has a one year low of $2.38 and a one year high of $62.30. The stock’s fifty day moving average is $3.89 and its 200 day moving average is $5.79. The stock has a market cap of $866.18 million, a P/E ratio of -1.40 and a beta of 1.62.
Institutional Investors Weigh In On AMC Entertainment
Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new stake in AMC Entertainment during the fourth quarter valued at about $34,000. Tower Research Capital LLC TRC grew its position in shares of AMC Entertainment by 817.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock valued at $61,000 after purchasing an additional 8,861 shares in the last quarter. San Luis Wealth Advisors LLC purchased a new position in shares of AMC Entertainment during the third quarter valued at about $82,000. Eudaimonia Partners LLC purchased a new position in shares of AMC Entertainment during the fourth quarter valued at about $71,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of AMC Entertainment during the fourth quarter valued at about $72,000. 28.80% of the stock is owned by institutional investors.
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.
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