|Bid||0.00 x 4000|
|Ask||0.00 x 1000|
|Day's Range||8.54 - 9.28|
|52 Week Range||8.54 - 17.07|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||0.80 (8.39%)|
|1y Target Est||14.83|
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)
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.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
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?
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%.
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 ...
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 ...
AMC Entertainment (AMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AMC Entertainment Holdings (AMC) -- the world's largest operator of movie theaters -- carries our highest investment recommendations of 5-STARS, or Strong Buy, explains analyst Tuna Amobi in CFRA Research's The Outlook.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into AMC Entertainment Holdings, Inc. (AMC). On March 3, 2016, AMC announced its intention to acquire Carmike Cinemas, completed in December 2016. AMC also acquired European chain Odeon and UCI Cinemas Holdings Ltd. in November 2016 and Stockholm-based Nordic Cinema Group Holding AB in March 2017.
AMC Entertainment Holdings, Inc. (AMC) (“AMC” or “the Company”), the largest theatrical exhibition company in the world, today announced that its Board of Directors has declared a dividend for the quarter ended September 30, 2019, of $0.20 per share on shares of Class A and Class B common stock, its twenty-third consecutive dividend since the Company’s initial public offering. AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with more than 1,000 theatres and more than 11,000 screens across the globe. AMC operates among the most productive theatres in the United States' top markets, having the #1 or #2 market share positions in 21 of the 25 largest metropolitan areas of the United States.
DENVER, Oct. 23, 2019 /PRNewswire/ -- GKIDS, the acclaimed distributor of multiple Academy Award®-nominated animated features, and Fathom Events, the leading distributor of event cinema, will continue their partnership into 2020, bringing "Weathering With You" to U.S. audiences nationwide for Special Fan Preview screenings over two nights only. "Weathering With You" is the newest release from director Makoto Shinkai, and producer Genki Kawamura, whose previous film "Your Name" set box office records in Japan and around the world ($360 million worldwide box office), and is currently receiving a major studio live-action remake from JJ Abrams.
Fathom Events, Golden Boy, Main Events and Krusher Promotions Present Championship Fight Live from the MGM Grand Garden Arena in Las Vegas DENVER , Oct. 23, 2019 /PRNewswire/ -- On Saturday, November 2 ...
Taiwan Semiconductor Manufacturer, AMC Theatres, Boeing, American Airlines and Lockheed Martin highlighted as Zacks Bull and Bear of the Day
AMC Theatres, the biggest cinema chain in the world, said Tuesday it is launching a streaming service that will allow members of its loyalty program to rent or buy films and watch them at home, the first such offering from a cinema operator.
If you're a Star Wars fan, this is unquestionably a great time to be alive. With franchise owner Disney (NYSE:DIS) at the helm, it has the power and resources to expand the narrative to new frontiers. And it's doing exactly that, with Star Wars: The Last Jedi scheduled for release this December. That alone is enough to get excited about Disney stock.Source: Volodymyr Plysiuk / Shutterstock.com Of course, the Magic Kingdom isn't stopping there. The company's much-awaited streaming platform, Disney+, will soon launch with the headlining Star Wars-based live-action series, The Mandalorian. It follows the exploits of a bounty hunter in the style of Boba Fett, a fan favorite character. Written and created by Jon Favreau, The Mandalorian could help lift Disney+ past streaming rival Netflix (NASDAQ:NFLX). And that would likely send DIS stock into hyperspace.Moreover, Disney is apparently having the effect that it badly wants. In Netflix's third-quarter earnings conference call, the streaming giant's management team acknowledged competitive difficulties. Although NFLX executives have admitted a "modest headwind" from DIS and streaming newcomer Apple (NASDAQ:AAPL), I'm sure the conversations behind closed doors are much more vibrant.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the surface, this tension seemingly bodes well for Disney stock. But breaking the binary dynamic between Disney's empire and Netflix's rebellion comes another unexpected player: AMC Entertainment (NYSE:AMC).In a stunning announcement, the cineplex operator will introduce a streaming video store for films that have just finished their theatrical run. More importantly, AMC has partnerships with the biggest Hollywood studios: Disney, AT&T's (NYSE:T) Warner Bros., Comcast's (NASDAQ:CMCSA) Universal, Sony (NYSE:SNE) and Viacom (NASDAQ:VIA, NASDAQ:VIAB), which owns Paramount. * The 10 Best Mutual Funds for Your 401k But will this end up cannibalizing DIS stock? For Disney Stock, Everything Centers on ContentOn the surface, the last thing streaming companies need is more competition. By increasing the number of (exclusive) options, for the end-consumer, you're killing what makes streaming beautiful.On average, a corded TV subscription costs more than $64. Cut the cord, though, and you're looking at compelling options. Netflix offers their basic plan at $9 and their premium at $16. On the other hand, Disney will start their monthly subscription price at a crazy-low $7. And Apple TV+ is going subterranean at $5 per month.But as the streaming customer adds up these services, the discount against cable becomes less meaningful. Plus, who has time to watch all this content?Therefore, AMC will definitely have an impact on the streaming landscape. But will it negatively affect DIS stock? I highly doubt it.For one thing, Disney partnered with AMC. Clearly, both sides see this as a symbiotic relationship. Second and more importantly, the deal emphasizes what matters most: content.From the cineplex industry's perspective, their revenue stream has flatlined. But what brings in the people are the big franchise movies like Star Wars. As I've argued before, DIS owns an enviable content empire, which should drive both box office sales and DIS stock.For the streaming component, Disney is also in an enviable position. According to Stephan Paternot, co-founder & CEO of Slated, the differentiating factor in the streaming wars is, again, content. Regarding this business, Paternot states, "All players, including AMC, will need to ramp up acquisition of content to attract and maintain subscribers."Such sentiment suits Disney stock perfectly. Although the company's prior acquisitions have been pricey, they were also focused. Disney recognized that they needed compelling content to win the next evolution in entertainment. They're merely practicing what they preach. Disney's Victim ListAs reality dictates, not all streaming relationships are symbiotic. Regarding AMC's news, I believe stakeholders of DIS stock can relax. The deal is good news for the two parties.But what about the rest of the pack? Notably, Netflix has the most to lose since they've long been the uncontested streaming player. While I do see risks, I think Netflix has some safety buffer. In recent years, the company has proven that their core catalyst lies well beyond the underlying streaming platform. * 7 Restaurant Stocks to Leave on Your Plate If Paternot is correct about his assessment, Netflix should get a reprieve: they offer brilliant original content.So, who will become streaming's losers? Frankly, I'm not feeling Apple TV+. Although its price point is attractive, the limited content volume is not. You're getting considerably more value from either Disney+ or Netflix.I'm also not getting a great read from Amazon's (NASDAQ:AMZN) Prime Video. With so many options now with AMC in the mix, Prime Video appears largely superfluous.However, Apple and Amazon have their own core businesses, where as Disney is all about entertainment. With Disney+, management's long-term strategy is finally making sense. And that's great news for Disney stock.As of this writing, Josh Enomoto was long AMC, T and SNE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Penny Stocks to Buy * 7 Bank Stocks to Avoid Now at All Costs * The 10 Best Mutual Funds for Your 401k The post Disney Stock Can Clearly Win the Streaming Wars Now appeared first on InvestorPlace.
(Bloomberg) -- The stakes are often high when Netflix Inc. reports results: Stock swings of 10% or more aren’t uncommon. But with the shares down more than a fifth since the streaming giant disappointed investors in July, the risk of another plunge may be lower this time around.When Netflix posts results after markets close Wednesday, analysts expect an increase of about 800,000 U.S. subscribers for the third quarter and about 6 million internationally. Whether or not the company hits those targets may depend on how much Netflix’s new programming resonated with viewers.The timing of Netflix’s latest shows probably helped subscriber growth, said Third Bridge’s Scott Kessler, who cited the new season of “Stranger Things” as a potential driver. Netflix also may have gotten a boost from a competitor’s show, HBO’s “Game of Thrones,” ending its run.Gerber Kawasaki Inc., a Netflix investor, also expects “a pop from the people moving from HBO and resubscribing,” thanks to “Stranger Things.”Still, Gerber investment adviser Nick Licouris said the firm has been reducing its position because of looming competition from Apple Inc., Walt Disney Co., AT&T Inc. and Comcast Corp. The Santa Monica, California-based wealth manager holds more than 12,000 shares valued at almost $3.7 million, according to a June regulatory filing.The earnings report this afternoon “is a heavily debated setup, the trickiest one in a while,” said Lynx Equity analysts KC Rajkumar and Jahanara Nissar. The firm called it “a high-wire act” where “much could go wrong.”Given that Netflix has been growing so much faster internationally, analysts will be eyeing the company’s progress -- and spending -- in key foreign markets.“We’re looking to see if there’s any meaningful traction with some of the lower-priced, mobile-only plans -- with India primarily,” Andy Hargreaves, a KeyBanc Capital analyst, said in an interview.Netflix itself predicted in July it would add a total of 7 million subscribers in the third quarter -- 800,000 in the U.S. and 6.2 million elsewhere.Read more: Netflix Investors Are Bracing for Another Disappointing QuarterMany investors may still be smarting from the company’s last quarterly report. Three months ago, Netflix posted disappointing second-quarter subscriber growth -- and a rare drop in the U.S. The shares slumped 10%.“It would be hard for it to be worse” this time, Hargreaves said, though investor concerns will persist as new streaming services increase the risk of higher subscriber churn or marketing costs, according to a note.Rosenblatt Securities predicts the company’s fourth-quarter subscriber guidance will miss Wall Street’s consensus, according to a note from analyst Bernie McTernan. He expects the forecast to “be treated with greater than normal skepticism” given that Netflix is reporting weeks before the launch of competing offerings, such as Disney+.“Netflix has never faced this level of competition from a new entrant,” he wrote.And although Netflix remains the largest short in the film and entertainment sector, “short sellers have been slowly trimming their exposure,” according to financial analytics firm S3 Partners. The streaming service’s short interest totals $6.2 billion with almost 22 million shares shorted and about 1.8 million shares covered since the beginning of August, the firm said.Gerber’s Licouris sees room for both a Netflix and Disney+, but warns that “at some point, it becomes extremely saturated.”On Tuesday, for example, the largest U.S. theater chain, AMC Entertainment Holdings Inc., announced a new service that would give U.S. subscribers online access to nearly 2,000 movies for rent or purchase.See also: Netflix Earnings-Linked Options Lean Bullish in Run-Up to ReportWhat Bloomberg Intelligence Says:Netflix will not only have to exceed its guidance for 7 million subscriber additions but also deliver a healthy 4Q forecast to allay concerns that have dogged the company.-- Geetha Ranganathan, senior media analyst-- Click here for the researchJust the Numbers3Q streaming paid net change estimate (Bloomberg MODL)3Q domestic +798,3603Q international +6 million3Q revenue estimate $5.25 billion (Bloomberg data)3Q GAAP EPS estimate $1.05 (range $1 to $1.23)4Q streaming paid net change estimate (Bloomberg MODL)4Q domestic +1.28 million4Q international +8.04 million4Q revenue estimate $5.51 billion (range $5.40 billion to $5.70 billion)4Q GAAP EPS estimate 82c (range 44c to $1.12)Data31 buys, 10 holds, 4 sells; avg. PT $365.36Implied 1-day share move following earnings: 11.0%Shares rose after 6 of prior 12 earnings announcementsGAAP EPS beat estimates in 9 of past 12 quartersTimingEarnings release expected 4 p.m. (New York time) Oct. 16Conference call websiteFor deep estimates in this story see NFLX US Equity MODL(Adds analyst comment in sixth paragraph and short interest commentary in 14th.)To contact the reporter on this story: Kamaron Leach in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Nick Turner, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.