2/18/2024 2 Comments Amc stock yahoo finance![]() This group has a Zacks Industry Rank of 62, putting it in the top 25% of all 250+ industries. The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. AMC Entertainment is holding a Zacks Rank of #3 (Hold) right now. Over the past month, the Zacks Consensus EPS estimate has moved 2.38% higher. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions typically reflect the latest short-term business trends, which can change frequently. It is also important to note the recent changes to analyst estimates for AMC Entertainment. These totals would mark changes of +55.91% and +13.57%, respectively, from last year. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.41 per share and revenue of $4.44 billion. AMC Entertainment (AMC) stock is on the move higher after the theater chain reported raising 325 million by selling 40 million shares. Meanwhile, our latest consensus estimate is calling for revenue of $928.03 million, up 18.11% from the prior-year quarter. This would mark year-over-year growth of 65.38%. In that report, analysts expect AMC Entertainment to post earnings of -$0.18 per share. ![]() Wall Street will be looking for positivity from AMC Entertainment as it approaches its next earnings report date. Shares of AMC continue to fall ahead of its stock. In that same time, the Consumer Discretionary sector lost 2.7%, while the S&P 500 gained 0.3%. Yahoo Finance Live examines several stocks making significant moves after Wednesdays closing bell. Elsewhere, the Dow lost 1.63%, while the tech-heavy Nasdaq lost 6.65%.Ĭoming into today, shares of the movie theater operator had lost 27.71% in the past month. This change was narrower than the S&P 500's daily loss of 1.65%. ![]() In the latest trading session, AMC Entertainment (AMC) closed at $4.34, marking a -1.59% move from the previous day. That, combined with an improving box office, a recovery from the horrible pandemic of 2020 and early 2021, these are good days for AMC."īrian Sozzi is an editor-at-large and anchor at Yahoo Finance. "The other thing it lets us do is raise capital to grow, raise capital for M&A activity, and raise capital to pay down debt," Aron added. "There are a lot of people out there who wish AMC harm, and much to their chagrin, we have created this preferred stock." "If it's good for our shareholders, it's bad for the people who wish us harm," Aron said. AMC Entertainment's (AMC) third-quarter 2023 results are likely to reflect year-over-year growth in attendance on the back of varied service offerings and new theatre openings globally. (Photo by Scott Olson/Getty Images)Īron added that this latest clever initiative (the other being the gold mine AMC bought earlier this year) will help AMC raise cash to reduce debt and look at acquisitions of more movie theater chains. ![]() Movie poster of current offerings are displayed on the front of an AMC theater on June 01, 2021, in Chicago, Illinois. Aron said the company could theoretically list five billion APE shares based on what was approved by shareholders back in 2013 but added that he has no plans to do so. AMC has applied to list the shares on the New York Stock Exchange (NYSE) under the ticker symbol $APE in a nod to the retail investors who powered the stock during the COVID-19 pandemic and commonly refer to themselves as apes.Ī single APE unit will be granted for each common share, meaning that about 517 million shares of this new stock will be formed. I dont know that as long as the retail shareholders are involved that it will go back to its fundamental value, where it should be fundamentally valued. The cinema chain surprised a few on Wall Street late last week by announcing a new dividend in the form of preferred equity units. That is good for our shareholders."ĪMC stock popped more than 15% as of 12:53 p.m. "It takes survival risk off the table in the near term," Aron said in an exclusive Yahoo Finance Live interview on Monday (video above). AMC Entertainment CEO Adam Aron says the company's new AMC Preferred Equity (APE) shares should allay fears that the movie chain could cripple under the weight of debt incurred during the COVID-19 pandemic.
2 Comments
|
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |