AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
AMC Entertainment Trading Down 4.0 %
Shares of AMC Stock opened at $24.44 on Monday. AMC Entertainment has a twelve month low of $9.70 and a twelve month high of $52.79. The stock has a 50 day moving average of $15.31 and a 200 day moving average of $16.15.
Shares of AMC Entertainment are scheduled to split on the morning of Monday, August 22nd. The 2-1 split was announced on Monday, August 22nd. The newly minted shares will be issued to shareholders after the closing bell on Monday, August 22nd.
AMC Entertainment (NYSE:AMC - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.03). The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.18 billion. The firm's quarterly revenue was up 162.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.71) EPS. On average, equities research analysts forecast that AMC Entertainment will post -1.25 earnings per share for the current fiscal year.
AMC Entertainment Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 15th will be paid a $0.01 dividend. The ex-dividend date is Friday, August 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of AMC Entertainment to $34.00 and set a "neutral" rating on the stock in a research note on Friday, July 29th. Wedbush reaffirmed an "underperform" rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Tuesday, August 2nd. B. Riley reduced their price objective on shares of AMC Entertainment from $16.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, June 21st. Citigroup cut their price objective on shares of AMC Entertainment from $6.00 to $5.00 and set a "sell" rating on the stock in a report on Thursday, July 7th. Finally, StockNews.com raised AMC Entertainment to a "sell" rating in a report on Wednesday, July 20th. Four research 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.com, AMC Entertainment currently has an average rating of "Reduce" and an average target price of $13.50.
Insider Buying and Selling
In other AMC Entertainment news, CAO Chris A. Cox sold 12,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $25.00, for a total transaction of $300,000.00. Following the transaction, the chief accounting officer now directly owns 1,250 shares of the company's stock, valued at $31,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.22% of the stock is owned by insiders.