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 Stock Performance
AMC traded up $3.52 on Friday, hitting $22.18. 125,780,168 shares of the company were exchanged, compared to its average volume of 36,927,912. The firm has a fifty day simple moving average of $14.26 and a two-hundred day simple moving average of $15.89. AMC Entertainment has a 12 month low of $9.70 and a 12 month high of $52.79. The stock has a market capitalization of $11.46 billion, a PE ratio of -13.95 and a beta of 1.64.
AMC Entertainment (NYSE:AMC - Get Rating) last released its quarterly earnings data 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the business posted ($0.71) EPS. The business's revenue for the quarter was up 162.3% on a year-over-year basis. On average, equities analysts expect that AMC Entertainment will post -1.13 earnings per share for the current year.
AMC Entertainment Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Monday, August 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Friday, August 12th.
Analyst Ratings Changes
Several research analysts have weighed in on AMC shares. StockNews.com raised AMC Entertainment to a "sell" rating in a research report on Wednesday, July 20th. B. Riley dropped their price objective on AMC Entertainment from $16.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, June 21st. Wedbush reissued an "underperform" rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Tuesday, August 2nd. Citigroup dropped their price objective on AMC Entertainment from $6.00 to $5.00 and set a "sell" rating on the stock in a report on Thursday, July 7th. Finally, The Goldman Sachs Group dropped their price objective on AMC Entertainment to $34.00 and set a "neutral" rating on the stock in a report on Friday, July 29th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $13.50.