AMC Entertainment Holdings Inc (AMC) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.20. The company posted revenue of $766.00 million in the period, compared to analysts expectations of $765.34 million. The company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
Many Wall Street Analysts have commented on AMC Entertainment Holdings Inc. Company shares were Reiterated by Topeka Capital Markets on Apr 6, 2016 to “Hold”, Firm has raised the Price Target to $ 27 from a previous price target of $25 .Company shares were Reiterated by MKM Partners on Mar 4, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $28 .Shares were Reiterated by Wedbush on Mar 1, 2016 to “Outperform” and Lowered the Price Target to $ 33 from a previous price target of $36 .
AMC Entertainment Holdings Inc opened for trading at $27.66 and hit $28.27 on the upside on Wednesday, eventually ending the session at $28.01, with a gain of 2.15% or 0.59 points. The heightened volatility saw the trading volume jump to 2,14,357 shares. Company has a market cap of $2,729 M.
In a different news, on Mar 22, 2016, Adam M Aron (CEO) purchased 10,000 shares at $28.86 per share price. According to the SEC, on Mar 17, 2016, Howard Winchel Jr Koch (director) sold 2,000 shares at $29.08 per share price. On Mar 16, 2016, Stephen A Colanero (EVP, CHIEF MARKETING OFFICER) sold 1,250 shares at $29.12 per share price, according to the Form-4 filing with the securities and exchange commission.
AMC Entertainment Holdings Inc. is a holding company. The Company through its subsidiaries including AMC Entertainment Inc. (AMCE) and American Multi-Cinema Inc. (OpCo) is engaged in the theatrical exhibition business. The Company owns operates or holds interests in approximately 380 theatres with a total of over 5260 screens which are located in the United States. It offers a range of food and beverage items which include popcorn; soft drinks; candy; hot dogs; specialty drinks including premium beers wine and mixed drinks and made to order hot foods including menu choices such as curly fries chicken tenders and mozzarella sticks. The Company has implemented dine-in theatre concepts including AMC Red Kitchen at approximately 16 locations which features kitchen facilities seat-side servers and a separate bar and lounge area. The Company licenses first-run films from distributors owned by film production companies and from independent distributors.