AMC Entertainment Holdings Inc (NYSE:AMC) currently trades at $33.00 which is about -2.37% lower than the 52-week high of $35.65. The trading volume at ready counter moved to 886,201.00 shares as compared to 437,173.00 shares average traded volume. The stock failed to get pushed above the $33.85 barrier, the intraday high, after opening at $33.50. Analysts have a consensus target price of $38.04 in the 12-month period. Its market capitalization has now reached to $3.33B.
AMC Entertainment Holdings Inc (NYSE:AMC) was dropped to Underweight from Equal Weight at Barclays. It has earned a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 2 have assigned a hold rating, 2 says it’s a buy and 8 have assigned a strong buy rating to the company.
AMC Entertainment Holdings Inc (AMC) on January 30, 2017 previewed results for the year ended December 31, 2016. The preliminary financial results are subject to finalization of the Company’s annual financial audit, including purchase accounting for acquisitions where the purchase price allocation is preliminary.
- AMC expects total revenues for the twelve months ended December 31, 2016 to be between $3.226 billion and $3.236 billion compared to $2.947 billion for the twelve months ended December 31, 2015.
- Net earnings for 2016 are expected to be between $112 million and $120 million compared to $104 million for 2015.
- Diluted earnings per share for 2016 are expected to be between $1.13 and $1.21 compared to $1.06 for 2015.
- AMC expects 2016 Adjusted EBITDA to be between $600.0 million and $607.0 million compared to $536.4 million in the same period a year ago. Adjusted EBITDA is a non-GAAP financial measure, and a table reconciling expected net earnings to Adjusted EBITDA is included in this release.
Our results also reflect industry box office trends. Industry wide, U.S. box office revenue for 2016 increased approximately 2% compared to 2015, while industry box office for the fourth quarter of 2016, impacted by challenging comparisons related to last year’s opening of the largest grossing film of all time, Star Wars: The Force Awakens, declined approximately 4%.
The foregoing preliminary results include the results of Odeon for the 32-day period from acquisition on November 30, 2016 and Carmike for the 11-day period from acquisition on December 21, 2016.
AMC expects to report its complete financial results for the fourth quarter and year ended December 31, 2016, after the market closes on Tuesday, February 28, 2017. The Company will host a conference call for investors and interested parties at 4:00 p.m. CT/5:00 p.m. ET the same day. All interested parties are invited to access a live audio broadcast of the call via webcast. To listen to the conference call via the internet, please visit the investor relations section of the AMC website at www.investor.amctheatres.com for a link to the webcast. Investors and interested parties should go to the website at least 15 minutes prior to the call to register, and/or download and install any necessary audio software.