AMC - AMC Entertainment Holdings, Inc.
8.25 +0.03 (0.36%)
After hours: 4:23PM EST
| Previous Close | 8.30 |
| Open | 8.30 |
| Bid | 8.22 x 2900 |
| Ask | 8.27 x 2200 |
| Day's Range | 8.19 - 8.41 |
| 52 Week Range | 7.47 - 17.07 |
| Volume | 1373185 |
| Avg. Volume | 2,762,137 |
| Market Cap | 854M |
| Beta (5Y Monthly) | 0.78 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.19 |
| Earnings Date | Feb 26, 2020 - Mar 2, 2020 |
| Forward Dividend & Yield | 0.80 (9.80%) |
| Ex-Dividend Date | 2019-11-29 |
| 1y Target Est | 14.17 |
- Insider Monkey
Is AMC Entertainment Holdings Inc (AMC) Going to Burn These Hedge Funds?
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
- Zacks
How to Time the Markets Like an Investing Pro - December 10, 2019
In the long-run, does consistent market timing really matter to be a successful investor?
- PR Newswire
Laugh, Cry, Love, Thrill and Cheer as 14 All-Time Film Favorites Light Up Movie Theaters Nationwide in the 2020 TCM Big Screen Classics Series
"Surely, you can't be serious!" In 2020, 14 of movie history's greatest romances, funniest comedies, scariest monsters, boldest visions, ultimate adventures, and most unforgettable dramas will be back in movie theaters across the country as Fathom Events and Turner Classic Movies present the fourth annual, yearlong TCM Big Screen Classics series.
- Business Wire
Lin Zhang Rejoins AMC Entertainment Holdings, Inc. Board of Directors as Non-Executive Chairman
The AMC Board of Directors has also unanimously elected Mr. Zhang to serve as the new non-executive Chairman of the AMC Entertainment Board of Directors, effective immediately. Mr. Zhang previously was a member of the AMC Board and held the position of AMC’s non-executive Chairman of the Board from August 2012 to March 2018.
- Yahoo Finance
Why Apple shouldn’t get into the movie theater business
Apple should focus on producing content, not physical theaters, analyst says.
- American City Business Journals
24-screen movie theater to open along Grand Parkway north of Houston
One of the nation's largest movie theater chains is nearing completion of a new Houston-area location on land it bought in 2017.
- GlobeNewswire
Arizona Metals Corp Announces Receipt of Drill Permit for a Fully-Funded 6,000 Metre Surface Exploration Program at its Kay Mine VMS Project in Arizona
Arizona Metals Corp. (TSX.V:AMC) (the “Company” or “Arizona Metals”) is pleased to announce that it has received approval from the Bureau of Land Management (BLM) to undertake a fully-funded 6,000m surface drilling program at its Kay Mine VMS project, located in Yavapai County, Arizona. Work is currently underway to rehabilitate the historic drill roads and pads used by Exxon Minerals (“Exxon”) during the 1970s and 1980s. The Company has engaged Boart Longyear Drilling Services to undertake the drill program and International Directional Services LLC to provide directional drilling services.
- TipRanks
3 “Strong Buy” Stocks That Are 30% Off — Cyber Monday’s Deals
Are you ready for some discounts? They aren’t just limited to the Black Friday and Cyber Monday holiday sales – you can find great deals in the stock markets, too. Investors are pounding the Wall Street pavement, hunting for the names with price tags that represent attractive entry points.Having said that, given the market’s bang-up performance in 2019, tracking down these highly sought-after stocks isn’t always a jolly task. So how are investors supposed to zero in on the stock market deals of the holiday season? We suggest turning to TipRanks. Using the TipRanks' Stock Screener, we’ve searched the markets for Buy-rated stocks at discounted prices. These are companies with underlying strength that have nevertheless seen sharp drops in share price in the second half of this year. Wall Street’s top analysts still have faith in them, however, and these stocks combine bargain prices with strong upside potential.AMC Entertainment (AMC)We’ll start with something big, the world’s largest movie theater company. AMC has over 8,000 screens in the US, spread across 661 theaters, and another 2,200 screens in 244 theaters in Europe. Ticket sales are a big draw, and AMC saw nearly $5.5 billion in revenue in the last fiscal year. In an effort to keep up attendance, the company is exploring several unusual ideas, branching into the home theater on-demand streaming segment and using its big screens for public live showing of NFL broadcasts.AMC is pursuing more traditional routes of expansion, too, and acquiring several smaller movie theater companies over the past half-decade. All of this expansion comes with a price, however. Acquisitions have cost upwards of $3.4 billion, and in the first half of this year, AMC’s net cash position fell by 48%, leaving the company with just $154 million on hand. Management can’t look for rescue from the free cash flow, either, as that key metric has fallen in the past year from $187 million to $50 million.With all of that in the fiscal background, it wouldn’t look like a good time for turnover in management. But the company is facing churn there, too, as CFO Craig Ramsey will be retiring early next year. His replacement, Asbury Automotive’s Sean Goodman, was announced in October.In the past year, AMC has been alternating profitable and net-loss quarters, and this time around was due for a loss. The showed net EPS of minus 53 cents, even though the $1.32 billion revenue figure beat the year-over-year number by 8%. The company’s high rate of capital expenditure has impacted the bottom line.Year-to-date, AMC shares are down about 30%, bringing the share price to just $8.18. Wall Street’s analysts see this as low, and for the most part believe that this stock will return to gains in the coming year.Barrington’s James Goss, a 5-star analyst, writes, “We are continuing a 2019‐based price target of $16… The acquisitions of Carmike, Odeon and Nordic transformed AMC into the world’s largest theatrical exhibitor with a broad domestic mix of properties and a restored international presence. AMC maintains a leadership position in its industry. AMC management continues its plans to create returns on its expanded footprint...”Goss’s $16 price target puts an impressive 95% upside behind his Buy rating. (To watch Goss’s track record, click here)Writing from Benchmark, analyst Mike Hickey sees potential short-term gains in store for the company, “AMC delivered better than consensus F3Q19 sales and adjusted EBITDA performance, and we expect continued F4Q19 growth from a compelling film slate. We believe continued execution should unwind the material relative valuation destruction we have witness over the last 2-years.”Hickey puts a Buy rating on AMC, and backs it with a $17 price target and a 108% upside potential. (To watch Hickey’s track record, click here.)AMC’s most recent reviews are all Buys, and the company has a Strong Buy consensus rating based on 7 Buys and just 2 Holds. Shares are priced at $8.18, and the $14.56 average price target implies an upside of 78%. For now, it would seem that AMC offers plenty of room for growth. (See AMC stock analysis on TipRanks)Upwork (UPWK)There’s been a lot of talk in the last decade about the ‘gig economy,’ the availability of short-term and project-based digital work, making it possible for freelancers to shop online for jobs and negotiate prices. Upwork is one of the many companies that has emerged to offer web-based networks for freelancers and businesses to connect. The company has over 12 million freelancers registered, along with 5 million business clients. It went public in October, 2018.Upwork’s business model is based on connecting freelance professionals with businesses in need of their skills. Businesses are charged a fee, while the freelancers are not. The site allows business clients to conduct video interviews with freelancers, for betting purposes, and both businesses and freelancers can search the database to find appropriate connections. Upwork filters its system for US or UK based jobs.Like many tech-based companies, Upwork is currently operating at a net loss – although that loss is modest, and slowly decreasing. In Q3, the EPS loss came in at 3 cents per share, compared to the year-ago quarter’s 4 cents. Company revenues of $78.8 million clobbered the year-ago figure of $64.1 million, growing by 23% over the period. Still, there is a limit to investor patience with net-loss companies, and UPWK stock is down nearly 35% in 2019.Brent Thill, 5-star analyst from Jefferies, and ranked 25 overall by TipRanks, sees UPWK as a stock with plenty of potential and competitive advantages. He wrote, “Upwork is disrupting the staffing industry with an AI/ML-enhanced B2B marketplace that significantly speeds up the hiring process and automates the entire lifecycle of a freelancer project. Upwork enjoys a tailwind from secular trends toward remote work enabled by the internet. We believe Upwork has built a comprehensive platform in the last 20 years with deep functionality that solves many of the issues encountered by clients and freelancers. This has created a competitive moat that is hard to cross.”Thill’s $20 price target implies a strong 70% upside to Upwork, which confirms his bullish Buy rating. (To watch Thill’s track record, click here)It looks like other analysts aren’t ready to tap out either. Out of 5 ratings published in the last three months, four are bullish and one is neutral. On top of this, UPWK's $19.60 average price target lends itself to 68% upside from the current share price. (See Upwork stock analysis on TipRanks)US Cellular Corporation (USM)US Cellular is a regional mobile carrier, with more than 5 million customers across 23 states. It’s headquartered in Chicago, the third-largest city in the nation and the largest in the Midwest region. The company brings in over $4 billion in annual revenues.Like the other stocks on this list, USM is down in 2019, showing a loss of 35% for the calendar year. This comes after strong gains in 2018, when the share price appreciated 36%. In the recent Q3 2019 report, USM showed a year-over-year top line gain to $1.031 billion, beating Q3 2018 by almost $20 million. Earnings were down, however, the company posted a net loss of 27 cents per share.US Cellular puts the losses partly on declines in subscribed customers, but also on uncertainty regarding the upcoming T-Mobile/Spring merger. That event will combine the third and fourth largest US mobile carriers – and note that US Cellular is currently in fifth place. A merged T-Mobile and Sprint will increase the size of the competition, and investors are showing caution towards USM stock in the runup.That caution, however, has resulted in a stock priced at hefty discount. 5-star analyst Philip Cusick, of JPMorgan, wrote recently, “We find USM shares undervalued at the current level and believe that further downside risk from this point is limited and is offset by potential upside from its valuable assets, which include 5% of Verizon’s L.A. business, spectrum and tower holdings… We upgrade USM to Overweight…”To back up his upgraded rating on the stock, Cusick puts a $45 price target, suggesting a 32% upside potential. (To watch Cusick’s track record, click here)USM has only three recent analyst reviews, but all are on the Buy-side, making this stock’s Strong Buy consensus rating unanimous. With Shares trading for $33.91, the average stock-price forecast of $52.33 implies room on the upside for 54% growth. (See US Cellular stock analysis on TipRanks)
- Insider Monkey
Mittleman Offers Bullish Outlook on Revlon, AMC Entertainment
Mittleman Brothers, LLC, a New York-based investment management firm, released its Quarterly Report – a copy of which may be downloaded here. In its Quarterly Report for September 2019, the firm reported that its Mittleman Global Value Equity Fund – Class P underperformed the MSCI ACW Total Return Index by 2.8% during the third quarter. The […]
- Thomson Reuters StreetEvents
Edited Transcript of AMC earnings conference call or presentation 7-Nov-19 1:30pm GMT
Q3 2019 AMC Entertainment Holdings Inc Earnings Call
- GlobeNewswire
Arizona Metals Corp. Announces Warrant Repricing and Stock Options Grant
Arizona Metals Corp. (TSXV: AMC) (the “Company” or “AMC”), would like to announce that it has granted an aggregate of 800,000 incentive stock options to certain officers and directors of the Company under its Stock Option Plan. The Company would also like to announce that it intends to reprice 6,118,000 of the Company’s outstanding warrants expiring on August 1, 2022 which were issued pursuant to the financing (the "QT Financing") completed concurrently with the Company's Qualifying Transaction that closed on August 1, 2019. In connection with the QT Financing, an aggregate of 6,755,000 warrants were issued by the Company, each with an exercise price of $0.60 (the "Warrants").
- Business Wire
Give the Gift of Movies at AMC Theatres® This Holiday Season With an AMC Stubs A-list Membership
With holiday shopping season upon us, AMC Theatres® (AMC), the largest theatrical exhibitor in the United States and the world, today announced that the perfect gift for movie lovers throughout the country is now available with a pre-paid AMC Stubs A-List membership. Beginning today, A-List, the No. 1 movie-going subscription service in the United States, can be given as a gift to friends, family, even employees or coworkers.
- Business Wire
AMC Theatres® Supports Will Rogers’ Brave Beginnings Program on World Prematurity Day, November 17
AMC Theatres® (AMC), the largest theatrical exhibitor in the United States and the world, today announced its support, through its AMC Cares Charitable Fund, of Brave Beginnings, a program from the Will Rogers Motion Picture Pioneers Foundation. The AMC Cares Charitable Fund will make a $1 donation to Brave Beginnings for every AMC Kids Pack purchased in an AMC theatre between Nov. 17, which is World Prematurity Day, through Nov. 30, up to $200,000.
- InvestorPlace
7 Troubled Dividend Stocks With Yields Too Good to Be True
When something looks too good to be true, it probably is. How many times have you heard that saying?The real question is, how many times was it accurate? Usually, there's a trade-off between great rewards and great risks. And the companies that make up the seven dividend stocks that are too good to be true below are perfect of examples of that.Some are in sectors that should be doing well. As a matter of fact, the sectors are doing well. Just not these stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat takes me to the adage that a rising tide raises all boats. It doesn't. It raises boats that don't have holes in them and boats that the crew hasn't tied too tight to the moorings. Both are management problems. * 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside The problem isn't with the dividend model itself. In fact, dividends are a must-have in my criteria for "AA-rated" stocks. It's just that these companies don't have the business model to properly back those dividends up.Anyway, the stocks may look good in theory, but they're not worth your time and patience; there are too many winners out there to pick from. Don't waste your time here. DCP Midstream (DCP)Source: IgorGolovniov / Shutterstock.com DCP Midstream (NYSE:DCP) is an integrated natural gas and natural gas liquids (NGLs) company that does everything from exploration and production to storage and distribution.Its dividend is a massive 13.7%. But usually, when the dividend is that high, it means the stock has been moving in the opposite direction. And that's the case here.DCP stock is off 36% in the past year. And it's off nearly 8% in the past three months, as the winter season hits, which is high demand season.The problem is, prices are low and exports that had been expected aren't happening yet because of the global slowdown. Neither of these issues is looking any better moving forward.What's more, the dividend now has a greater risk of being cut, which would also send the stock price down even further. AMC EntertainmentSource: QualityHD / Shutterstock.com AMC Entertainment (NYSE:AMC) is one of North America's top movie theater companies.While movies remain a big industry, the biggest challenge is the distribution channels have all shifted with the advent of streaming options like Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) and now Disney (NYSE:DIS).Not only do these platforms offer original content, but for the price of one movie ticket, you can watch more than a month worth of shows. And feature-length movies run in theaters for a couple of weeks, just to show up on streaming platforms. This is greatly suppressing the theatrical release.Plus, newer movie theater companies are customizing their theaters for a more intimate and sophisticated experience. But AMC has far too many theaters to make upgrades an easy or quick project. * 10 Cheap Stocks to Buy Under $10 The stock is off 43% in the past year, so its 9% dividend isn't making much of a dent. And its recent earnings released last week were not bullish. I see much better earnings trends out there. Alliance Resource PartnersSource: Pavel Kapysh / Shutterstock.com Alliance Resource Partners (NASDAQ:ARLP) is a coal company that focuses on providing coal to utilities and industrial plants.Even with all the help of the government in Washington in recent years, coal is no longer king. And the trend, now that unconventional drilling methods have been able to access massive amounts of natural gas in the U.S., is not going to put it back on the throne anytime soon.One of the major coal players went bankrupt a couple weeks ago. And analysts are downgrading ARLP stock, which means it's not getting much attention on Wall Street, other than sells.Now, it is delivering a massive 18.1% dividend. But the stock has also lost 40% over the past 12 months. It's not exactly a winning bet.And, with dividends like that, you can be pretty sure that dividend is going to be cut -- and that will set off a deeper dive into the mine shaft. Macy'sSource: digitalreflections / Shutterstock.com Macy's (NYSE:M) was featured in a story I wrote about retailers about 10 days ago as well. Things haven't changed.This is more a story of how hubris felled the once mighty department store industry. For decades, these stores were the powerhouses of not just retail but every industry that was sold inside their stores -- clothing, electronics, durable goods, you name it.When these companies zigged, everyone zigged along with them. And not only did they set the trends, they set the pricing as well.But those days are long gone, and department stores never saw it coming. And it's big players like M that got caught in the toughest position since they sit on so much real estate.Macy's couldn't slash prices because it would kill margins. It had to support all the stores and inventory. In the meantime, the business model just wasn't working at the level I would expect from an investment. Its model had to be revamped but it was so big, it was hard to make changes quickly. Every day of delay put the company further behind new competitors. * 7 Tech Stocks to Buy for the Rest of 2019 The stock is off over 50% in the past year (and it's off 62% in the past three years), so its 9.3% dividend doesn't mean much. And holiday shopping may only delay the inevitable. EQM Midstream PartnersSource: Shutterstock EQM Midstream Partners (NYSE:EQM) should be loving today's U.S. energy boom. Prices and production are rising, and all indications point to this being a good time for the shale energy business.However, after the boom and bust in oil prices in 2014, exploration and production companies are playing it safe. They're not pumping at capacity and they're not drilling new wells at the pace the they used to.They learned their lesson.They're growing, but at a reasonable and sustainable pace.Couple that with the fact that there is a growing demand for alternative energy resources and midstream players aren't seeing the kind of growth they expected.EQM is focused on the Appalachian region, where most of its business is in natural gas. It spun off Equitrans Midstream Corporation (NYSE:ETRN) last year, so there are issues dealing with the spinoff, as well as low natural gas prices.Plus, EQM has a pipeline project moving from Virginia to North Carolina that is likely to meet with resistance from locals.The stock is off almost 50% in the past year, so even with its massive 18.7% dividend, you're still not close to treading water. And the risks outweigh the reward by a long shot. BGC Partners (BGCP)Source: Casimiro PT / Shutterstock.com BGC Partners (NASDAQ:BGCP) has been around in one form or another since 1945. It was part of the big trading firm Cantor Fitzgerald until it was spun off in 2004.Up until last year, BGCP had two divisions. One ran its financial services arm, working with institutional traders and brokerages around the world offering trading systems and underwriting services for financial markets.The other division focused on various forms of real estate investment, management and services. Over the years it acquired several larger commercial real estate firms around the world and built a very strong portfolio.On Nov. 30, 2018, the real estate division was spun off as Newmark Group (NASDAQ:NMRK).This past year has been about restructuring the company. And with a global recession underway, most of its foreign properties aren't thriving right now. The same can be said of its financial services business. * 7 Large-Cap Stocks to Give a Wide Berth This isn't a gloom-and-doom story as much as it is an avoid-for-now story. The stock is off 19% in the past year and has a dividend around 10.3%. The thing is, even now, its trailing price-to-earnings ratio is a lofty 35.7.There are much better choices on the real estate side and on the financial side, without dealing with all the exposure risk. Colony Credit Real EstateSource: Shutterstock Colony Credit Real Estate (NYSE:CLNC) has not had a good year. And this is a year where U.S. real estate investment trusts (REITs) have been outpacing the broader market.It's off 35% in the past 12 months. Plus, not only was its third-quarter earnings announcement less than inspiring, but it split its portfolio into two divisions, slashed its book value and cut its dividend.Now the dividend is still 10%, but there are plenty of REITs that are doing well right now. There's no reason take on this stock in restructuring mode. And That's Just the Tip of the IcebergOutside of REITs, the demand for (good) dividend stocks is huge, and there's a simple reason why.These days, the global bond market is just going haywire. We've got falling and even negative yields overseas. But as investors retreat to U.S. Treasurys it's causing bizarre effects here, too. Just look at what happened this summer, when the two-year Treasury actually began to yield MORE than the 10-year Treasury.And even the 30-year Treasury can't be relied upon for good yield anymore. In August, its yield dropped below 2% for the first time ever.So -- whether you're managing big institutional cash, or your own portfolio -- you'll also want to look at the Money Magnets.Not only did these stocks earn an "A" in my Portfolio Grader, thanks to strong buying pressure and great fundamentals …The stocks also earn an "A" in my Dividend Grader. These stocks are able to pay great yields -- and have the strong business model to back it up.All in all, I've got 28 strong dividend growth stocks for you in Growth Investor … almost all of which yield more than the S&P 500. These stocks are poised to do well as we continue to see international capital flow to the U.S. markets. Click here to see how I found these stocks, and how you can get great performance out of YOUR portfolio -- come what may.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside * 7 Earnings Reports to Watch Next Week * 5 Online Retail Stocks to Buy on the Dip The post 7 Troubled Dividend Stocks With Yields Too Good to Be True appeared first on InvestorPlace.
- TipRanks
3 Buy-Rated Stocks with Over 8% Dividend Yield
Investors with a sense of history are a bit nervous – we’re in the fourth quarter, and Q4 last year saw a 9% drop in S&P 500 index. There is growing evidence of a general global economic slowdown, the UK is on a path out of the EU, but no one knows exactly how, and December’s scheduled Parliamentary elections are not likely bring any clarity. And under everything, the US-China trade tensions continue to simmer. So, the only thing certain these days is uncertainty.So, what can investors do, to protect their portfolios and income streams? Treasury bonds, the traditional safe-haven investment, are notoriously low-yielding. One solution is dividend stocks, but stocks come with risks, too. Still, plenty of companies are committed to returning income to shareholders, and some of the more established of them will maintain a dividend payout even if earnings run at a loss – as an incentive to investors. We’ve used TipRanks’ Stock Screener tool to find three Buy-rated stocks that meet this profile – a long-term commitment to paying the shareholders, and a high-yield dividend to bake it up.Artisan Partners Asset Management (APAM)Artisan is an investment management firm with a 25-year history and over $114.5 billion in total assets under management. The company has offices across the US, as well as in London, Dublin, Singapore, and Sydney.APAM has seen success in the past year, and the stock is up 38% year-to-date. This growth rate heavily outperforms the broader markets – the S&P 500 has gained 23% this year, and the Dow Jones 27%. Despite the gains, APAM’s growth has been choppy in the last 10 months, and the stock has shown high volatility.Volatility may worry investors, but Artisan has kept up investor interest in the stock with an 8.82% dividend yield. The average yield for S&P listed companies is about 2%, and APAM’s yield is more than quadruple that value. The annualized payout of $2.60 is based on a quarterly payment of 65 cents. The company also pays out a ‘special’ dividend annually; the last such payment, back in February, was $1.03 per share. The payment ratio, a comparison of the dividend payment to the quarterly earnings, stands at 100%, indicating that APAM returns all of its earnings to shareholders. While this would not normally be sustainable, management has a plan to adjust this – more on that below.Normally analysts reiterate stock ratings- so when a stock is upgraded, it’s worth taking note. Last week, Citi analyst William Katz upgraded APAM to Buy (from Neutral) and raised his price target to $33 (from $25), which implies about 12% upside from current levels. (To watch Katz's track record, click here)Katz noted, "Following an extensive retooling of our model to bridge to product level outlook vs. top down team view, we now see the potential for NNA to inflect positively into ’21. While potentially not much of a swing factor vs. current LSD annualized loss rate, it should be enough to drive modest multiple expansion, against higher EPS outlook. At the margin, we are increasingly encouraged by lead indicators in APAM’s Generation III new business segment, coming at a time when more pronounced legacy DC exposure works lower, driving elevated redemption more recently."RBC Capital analyst Kenneth Lee also likes what he sees in APAM. He writes, “We think Artisan Partners' differentiated investment approach stands apart from most other asset managers…” and goes on to point out important factors in the company’s future growth potential: “Continued growth of non-US domiciled client assets, through the intermediary channel, could help the company’s organic growth rates.” He notes the dividend, too, and of the high payment ratio points out: “Transition to a variable quarterly dividend should enable cash dividends to better match quarterly cash generation.” Lee’s $32 price target suggests an 8% upside for APAM.All in all, this stock has just two "buy" ratings in recent weeks. Shares sell for $29.41, so the $32.50 average price target indicates room for a 10% upside. (See Artisan stock analysis on TipRanks)AMC Entertainment (AMC)Based in Kansas, the world’s largest movie theater company puts up some impressive numbers: 8,200 screens in 661 theaters in the US, and a further 2,200 screens in 244 theaters in Europe. Movies are big business, of course, and not just for Hollywood; AMC posted $5.5 billion in revenue in 2018, netting $110 million in income.AMC isn’t just relying on traditional box office ticket sales, however. The company is pushing several new ideas, including screening NFL games at selected theaters, and even offering on-demand movies for home viewing. In the last four years, AMC has spent over $3.4 billion acquiring smaller theater companies in the US and Europe. In addition to expansion, the company is undergoing a management transition, as long-time CFO Craig Ramsey will be retiring in February. AMC announced in October that Sean Goodman, of Asbury Automotive Group, will take up the position.On the negative side, AMC’s expansion activity has cut deeply into the company’s net cash position. In 1H19, AMC reported a 48% drop in net cash, to $154 million, while the free cash flow dropped from 1H18’s $187.3 million to just $50.3 million. The decline in cash flow explains AMC’s reluctance to raise the dividend, which has paid out 20 cents per share since 2014. The company has instead manipulated the yield to keep the payment stable.That yield manipulation, after share price declines, leaves AMC with a dividend yielding 8.62%. The stock has been trading in a $3 range – between $8.70 and $11.90 – since July, so assuming the share price remains stable, AMC offers a high return. The 8.62% yield is more than 4x the average dividend yield on the S&P 500.Assessing the full picture, Wedbush analyst Michael Pachter sees reason for optimism in AMC. He writes, “AMC should outperform the industry… as it expands its upgrades throughout Europe and expands its footprint in the Middle East… AMC has committed to using its incremental free cash flow toward paying down its high debt balance. We view the CFO transition to Sean Goodman as an overall positive, given his extensive international experience... We see little downside to AMC’s new on-demand offering, given its reach to loyal customers.” Pachter puts a $15 price target on AMC, suggesting an impressive 61% upside. (To watch Pachter's track record, click here)Other analysts share a similar enthusiasm with Pachter when it comes to AMC. TipRanks data shows out of 9 analysts, 7 are bullish and 2 are sidelined. With a consensus price target of $15.11, the potential upside is about 63%. (See AMC stock analysis on TipRanks)Targa Resources (TRGP)The last few years have seen the US move into the number one slot among energy producers worldwide. The country produces nearly 12.5 million barrels per day of oil, and is on track to become a net energy exporter in 2022. The increase in oil production has restarted the Texas oil industry, and created a boom in North Dakota’s Bakken formation.All of this oil activity has created a huge opening for midstream energy companies – the companies that provide pipeline, storage, and transport facilities for the oil and gas drillers. Targa, based in Houston, is a major player in the Texas-New Mexico-Oklahoma-Louisiana region, as well as in North Dakota. Targa recently sold its West Texas oil gathering network to Oryx Midstream in a $135 million deal. The move allows Targa to focus on its 28,500 miles of natural gas pipelines, which moved 3.9 trillion cubic feet of gas in 2018, along with 415,000 barrels of natural gas liquids.Energy is a high-overhead sector, and Targa’s sale of Permian oil gathering assets was a move to control costs. It’s an important move, as the company missed revenues and earnings in the recent Q3 report. Quarterly revenue came to $1.9 billion, against a forecast of $2.17 billion, and the company’s forward guidance indicates continued capital expenditure in 2020 of $1.2 to $1.3 billion. CEO Joe Bob Perkins put a good spin on it, saying, “We are beginning to demonstrate the strategic benefits of our premier integrated midstream position and our cash flow profile is expected to strengthen meaningfully, positioning Targa well over the long-term.”As part of the company’s strong positioning, Targa pays out a quarterly dividend of 91 cents. The company has kept that dividend stable since 2015, like AMC manipulating the yield to keep the payout steady. TRGP’s current dividend yield is an impressive 9.38%.4-star analyst Jeremy Tonet, of JPMorgan, looks at Targa and sees plenty of potential for the future. The analyst writes: "…with $4bn of growth projects entering service since the beginning of 2019, and capex moderating going forward, we see TRGP at an important growth inflection point where the company has evolved into full value chain integration and can achieve improved financial flexibility.” Tonet’s $49 price target implies a healthy 26% upside to the stock. (To watch Tonet's track record, click here)TRGP’s Moderate Buy consensus rating reflects the company’s earnings difficulties in recent months, and is based on 6 "buy" and 5 "hold" ratings. The stock’s $44.90 average price target suggests room for a 15% upside form the share price of $38.81. (See Targa stock analysis on TipRanks)
- Moody's
AMC Entertainment Holdings, Inc. -- Moody's announces completion of a periodic review of ratings of AMC Entertainment Holdings, Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of AMC Entertainment Holdings, Inc. New York, November 11, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AMC Entertainment Holdings, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- Schaeffer's Investment Research
Struggling AMC Stock Could Suffer Even More Downside
The 120-day moving average has had bearish implications for the equity in the past
- Simply Wall St.
These 4 Measures Indicate That AMC Entertainment Holdings (NYSE:AMC) Is Using Debt In A Risky Way
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
- Zacks
AMC Entertainment (AMC) Reports Q3 Loss, Tops Revenue Estimates
AMC Entertainment (AMC) delivered earnings and revenue surprises of -47.22% and 0.33%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
AMC posts wider-than-expected Q3 loss as revenues beat
AMC Entertainment Holding Inc. said Thursday it had a net loss of $54.8 million, or 53 cents a share, in the third quarter, narrower than the loss of $100.4 million, or 82 cents a share, posted in the year-earlier period. revenue rose to $1.317 billion from $1.221 billion. The FactSet consensus was for a loss per share of just 42 cents and revenue of $1.308 billion. The cinema chain operator said attendance rose to a record 87.1 million tickets in the quarter as average ticket price rose 3.3% to $9.45. U.S. food and beverage revenue per patron rose 4.7% to a record $5.35. Shares were not yet active premarket, but have fallen 21% in 2019, while the S&P 500 has gained 23%.
- Business Wire
AMC Entertainment Holdings, Inc. Announces Third Quarter 2019 Results
LEAWOOD, Kan.-- -- Q3 Total Revenues of $1.317 billion, up 7.8% from last year Q3 Net loss of $54.8 million, 45.4% improvement from last year Q3 Adjusted EBITDA of $156.5 million, up 9.9% from last year Q3 Adjusted EBITDA, adjusting 2018 for ASC 842 impact, increased 31.3% Q3 Total attendance of 87.1 million tickets sold set an all-time high quarterly record Q3 U.S. average ticket price grew 3.3% to ...
- Zacks
New Strong Sell Stocks for November 5th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
- PR Newswire
"FRIENDSGIVING" Hits Movie Theaters As Fans Are Treated To Eight Thanksgiving-Themed Episodes In Celebration Of Friends' 25th Anniversary
The Event Pays Tribute to the Beloved Television Comedy by Screening Fan-Favorite Episodes Over Two Days This November DENVER , Oct. 31, 2019 /PRNewswire/ -- Fathom Events continues its celebration of ...
