AMC Entertainment Holdings Inc(NYSE:AMC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $763.96M. Analysts estimated a revenue of $812.89M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.39.
In a different note, On Jun 16, 2016, B. Riley said it Upgrades its rating on AMC Entertainment Holdings Inc. The shares have been rated ‘Buy’ by the firm. On Jun 13, 2016, Credit Suisse said it Assumes its rating on AMC Entertainment Holdings Inc. The shares have been rated ‘Outperform’ by the firm.
AMC Entertainment Holdings Inc (AMC) shares turned negative on Mondays trading session with the shares closing down -0.11 points or -0.38% at a volume of 3,59,763. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.21. The peak price level was also seen at $29.21 while the days lowest was $28.51. Finally the shares closed at $28.92. The 52-week high of the shares is $31.42 while the 52-week low is $19.28. According to the latest information available, the market cap of the company is $2,818 M.
AMC Entertainment Holdings Inc has also declared a cash dividend of $0.2000 on Jul 26, 2016. The shares will quote ex-dividend on Sep 1, 2016 and the record date has been fixed on Sep 6, 2016. The dividend payable date has been fixed on Sep 19, 2016.
Several Insider Transactions has been reported to the SEC. On Mar 22, 2016, Adam M Aron (CEO) purchased 10,000 shares at $28.86 per share price.Also, 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.