Equities Analysts Offer Predictions for AMC Entertainment Holdings, Inc.'s Q1 2024 Earnings (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Analysts at Barrington Research increased their Q1 2024 EPS estimates for shares of AMC Entertainment in a research report issued on Monday, April 22nd. Barrington Research analyst J. Goss now forecasts that the company will post earnings per share of ($0.87) for the quarter, up from their previous forecast 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 posted its earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, beating analysts' consensus estimates of ($0.70) by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.06 billion.

Other research analysts also recently issued research reports about the stock. Wedbush cut their target price on shares of AMC Entertainment from $6.00 to $4.00 and set a "neutral" rating on the stock in a research report on Thursday, April 18th. B. Riley cut 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 report on Thursday, February 29th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to data from MarketBeat, AMC Entertainment presently has a consensus rating of "Reduce" and a consensus target price of $5.95.

AMC Entertainment Stock Performance

NYSE AMC remained flat at $3.28 during trading on Thursday. 12,264,789 shares of the company's stock were exchanged, compared to its average volume of 15,575,896. The company has a 50-day simple moving average of $3.89 and a 200 day simple moving average of $5.79. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $62.30.

Institutional Trading of AMC Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the business. Qube Research & Technologies Ltd increased its holdings in shares of AMC Entertainment by 935.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company's stock valued at $6,506,000 after purchasing an additional 735,666 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of AMC Entertainment during the 3rd quarter valued at approximately $5,582,000. HBK Sorce Advisory LLC increased its holdings in shares of AMC Entertainment by 31.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company's stock valued at $168,000 after purchasing an additional 6,525 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of AMC Entertainment during the 4th quarter valued at approximately $459,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of AMC Entertainment by 63.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 14,806 shares of the company's stock valued at $118,000 after purchasing an additional 5,748 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

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.