Published: Wed, May 24, 2017
Money | By Armando Alvarado

So This is Why AMC Entertainment Holdings, Inc. (AMC) Is So Strong

So This is Why AMC Entertainment Holdings, Inc. (AMC) Is So Strong

Four analysts have provided estimates for AMC Entertainment Holdings' earnings. The analysts estimated mean EPS at 0.04 while the high and low EPS estimate stand at 0.33 and -0.3 respectively.

Receive News & Ratings for AMC Networks Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks Inc and related companies with's FREE daily email newsletter. On average, equities research analysts forecast that AMC Networks will post $6.34 earnings per share for the current year. (Symbol: AMC) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the US stock markets.

AMC Entertainment Holdings (NYSE:AMC) last posted its earnings results on Tuesday, February 28th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. The business had revenue of $926.10 million during the quarter, compared to analyst estimates of $817.33 million. Envestnet Asset Management Inc. now owns 7,374 shares of the company's stock worth $380,000 after buying an additional 45 shares during the period. The company's quarterly revenue was up 18.1% on a year-over-year basis.

Several analysts have commented on the stock.

AMC Networks (NASDAQ:AMCX) traded up 1.132% during trading on Monday, hitting $54.045. Zacks Investment Research lowered AMC Entertainment Holdings from a strong-buy rating to a hold rating in a research note on Thursday, April 13th. FBR & Co raised shares of AMC Entertainment Holdings from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $33.00 to $37.00 in a report on Monday, April 3rd. They noted that the move was a valuation call. In the case of AMC Entertainment Holdings Inc., looking at the history chart for AMC below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. AMC Entertainment Holdings has an average rating of "Buy" and a consensus price target of $37.13.

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AMC Entertainment Holdings Inc (NYSE:AMC) traded down 1.67% during mid-day trading on Monday, reaching $26.45. (Symbol: AMC) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.80), with the stock changing hands as low as $25.90 on the day. The firm has a 50-day moving average price of $30.63 and a 200-day moving average price of $32.14. The company has a market capitalization of $3.58 billion, a PE ratio of 13.07 and a beta of 1.01. The company's 52-week range is $25.26 to $35.26.

The company is scheduled to announce its next quarterly financial results on 07/08/2017 after the market close. Loop Capital restated a "hold" rating and issued a $56.00 target price on shares of AMC Networks in a research note on Monday, February 27th. The ex-dividend date is Thursday, June 1st. The Company, through its subsidiaries, including AMC Entertainment Inc.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. now owns 3,352,184 shares of the company's stock worth $105,428,000 after buying an additional 3,344,988 shares during the last quarter. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Great West Life Assurance Co. Blackstone Group L.P. now owns 23,831 shares of the company's stock valued at $741,000 after buying an additional 14,931 shares during the last quarter.

In the quarter ending September 2016, AMC Entertainment Holdings, Inc. delivered an even larger earnings beat. Russell Investments Group Ltd. acquired a new position in shares of AMC Entertainment Holdings during the fourth quarter valued at approximately $275,000. Finally, Capital One National Association raised its position in shares of AMC Networks by 5.4% in the third quarter.

TRADEMARK VIOLATION WARNING: "AMC Networks (AMCX) Earns Daily Media Sentiment Score of 0.20" was originally published by Transcript Daily and is owned by of Transcript Daily. The original version of this story can be read at The Company owns and operates entertainment businesses and assets.

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