AMC - AMC Entertainment Holdings, Inc.
Chart Events
Inside Bar (Bearish)
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 4.6300 |
| Open | 4.6600 |
| Bid | 4.5700 x 3200 |
| Ask | 4.6200 x 3000 |
| Day's Range | 4.5600 - 4.6800 |
| 52 Week Range | 1.9500 - 12.8100 |
| Volume | 2,408,834 |
| Avg. Volume | 9,157,569 |
| Market Cap | 477.428M |
| Beta (5Y Monthly) | 1.70 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.4400 |
| Earnings Date | Jun 22, 2020 - Jun 26, 2020 |
| Forward Dividend & Yield | 0.12 (2.59%) |
| Ex-Dividend Date | Mar 06, 2020 |
| 1y Target Est | 3.20 |
Fair Value
Related Research
- Yahoo Finance
Why ending coronavirus lockdowns 'won't be enough' to get people back to the movies
As coronavirus restrictions lift, one expert says 'simply opening the doors will not be enough.'
- Yahoo Finance Video
70% would rather watch new movies at home than at the theater: Study
Yahoo Finance's Alexandra Canal breaks down how coronavirus second wave fears could impact live events.
- Zacks
AMC Entertainment (AMC) Stock Sinks As Market Gains: What You Should Know
AMC Entertainment (AMC) closed at $4.58 in the latest trading session, marking a -1.08% move from the prior day.
- PR Newswire
Fathom Events Premieres First-Run Film with Screen Media's THE OUTPOST, Launching July 2 in Movie Theaters Nationwide
Fathom Events, alongside Screen Media, a Chicken Soup for the Soul Entertainment company, announced today it will return to theaters with a first-run film this summer with Millennium Media and Rod Lurie's military thriller, THE OUTPOST, a true story based on Jake Tapper's best-selling non-fiction book, The Outpost: An Untold Story of American Valor. This exclusive event is scheduled to begin on July 2, 2020, on approximately 500 screens, followed by a weeklong limited theatrical run starting July 3, 2020. Each screening will be accompanied by a special introduction from select cast members and exclusive behind-the-scenes footage.
- MarketWatch
70% of people would rather watch movies at home, even if theaters reopen: survey
In fact, if new movies were available in both theaters and on streaming services for the same price right now, 70% of people would still choose to stream the first-run feature at home over going to a movie theater, according to a new survey published in Variety. More than one-third (37%) of respondents said that they will go to movie theaters less often in the future, and 10% said they may never go to the cinema again. The survey of about 1,000 people conducted in mid-May by sports and events analytics firm Performance Research, in partnership with Full Circle Research Co., found that anxieties about health and safety in crowded, public places trumps the growing urge to get out of the house that’s been seen in scattered protests across the country.
- Motley Fool
7 Out of 10 People Would Rather Be Home Than at a Multiplex
A survey shows 70% of people prefer new movie releases as digital in-home rentals, and it's not the only problem for theater operators like AMC.
- Motley Fool
The $4.8 Billion Reason Nobody Wants to Buy AMC Entertainment Just Yet
The rumor makes sense: E-commerce giant Amazon (NASDAQ: AMZN) has shown interest in the movie industry in the past, and as long as the audience for Amazon Studios' productions is limited to Prime members, the company is leaving money on the table. If it acquired movie-theater giant AMC Entertainment (NYSE: AMC), Amazon would shift into the mainstream of the film industry, and its ability to screen its releases would allow them to qualify for Hollywood's awards. It would also offer Amazon a way to expand its subscription ecosystem.
- Motley Fool
3 Reasons Amazon Might Actually Want to Acquire AMC Entertainment
The whispers may or may not be accurate, but even if they aren't, there's some merit to the idea.
- Yahoo Finance Video
Drive-in movie theater ‘sold-out’ with less than a week to prepare
As social distancing rules continue due to the coronavirus pandemic, movie theaters are gaining attention. Yahoo Finance’s Alexis Christoforous and Brian Sozzi speak to Beth Wilson, owner of the Warwick Drive-In, as she prepares to reopen on Friday.
- Zacks
Is the Options Market Predicting a Spike in AMC Entertainment (AMC) Stock?
Investors need to pay close attention to AMC Entertainment (AMC) stock based on the movements in the options market lately.
- Motley Fool
Why AMC Entertainment Dropped Over 10% Today
Shares of movie theater operator AMC Entertainment (NYSE: AMC) tumbled more than 10% today, after Federal Reserve Chairman Jerome Powell weighed in on the prospects for an economic recovery and promptly scared the heck out of everyone. Powell's comments today, however, threw all the wet towels on that idea, saying it was "highly uncertain" the economy would quickly bounce back. AMC Entertainment has been on tenterhooks since the pandemic began and its movie theaters were closed.
- Zacks
Implied Volatility Surging for AMC Entertainment (AMC) Stock Options
Investors need to pay close attention to AMC Entertainment (AMC) stock based on the movements in the options market lately.
- TipRanks
AMC Takeover Rumors: Is Amazon Taking a Leaf out of Warren Buffet’s “Blood on the Street” Playbook?
The contrast between the fortunes of the world’s largest online retailer and the world's biggest movie theater operator during the COVID-19 pandemic could not be greater.Amazon (AMZN) has sailed through the global crisis, intrinsically well set up to benefit from the current situation. While AMC (AMC) displays all the hallmarks - currently shut down, entirely reliant on large gatherings - of a company struggling to make it through the worldwide crisis.But a recent report has linked the two together. The Daily Mail reported that the two companies have been discussing a potential takeover of the beleaguered exhibitor by the e-commerce giant.The rumors were good news for long suffering AMC shareholders, as the report sent shares soaring by 30% in yesterday’s trading session.Do the rumors make sense? According to B Riley analyst Eric Wold, they do, if you’re Amazon.Wold noted, “With Amazon not dependent on any other release windows beyond its own subscription service (other than to qualify for industry awards), we would view increased control over the theatrical window through the acquisition of a large exhibitor as providing Amazon both an incremental earnings stream from its own films and an attractive marketing vehicle to drive additional subscribers being exposed to the studio's films—something that, we believe, other studios would be comfortable with them doing.”But what about for AMC? Here the issue is more nuanced. Even before the pandemic decimated the movie theater world, AMC was highly leveraged, already at war with the emerging streaming market and now appears only a few steps away from bankruptcy. So you would think a buy-out would be beneficial for AMC, too. But on top of the regulatory hurdles, Wold remains skeptical whether a transaction based on AMC’s current low valuation and the accompanying terms (likely a cash rather than stock-based deal) would appeal to major AMC shareholders.All said, Wold maintains a Hold rating on AMC shares along with a $4 price target, indicating about 25% downside from current levels. (To watch Wold’s track record, click here)The rest of the Street appears no more optimistic. Based on 7 Holds and 3 Sell ratings, the analyst consensus rates AMC a Moderate Sell. The average price target is well below Wold’s, and at $3.33 implies a decline of 38% over the coming months. (See AMC stock analysis on TipRanks)Read more: * 3 “Strong Buy” Dividend Stocks That Look Great After Earnings Beat * 2 Cruise Line Stocks to Bet on After the Coronavirus Crisis (And 1 to Avoid) * 3 Stocks Needham’s Top Analysts Are Raving About
- Benzinga
AMC's Stock Still In The Spotlight As Wall Street Digests Amazon Rumor
Movie theater chain AMC Entertainment Holdings Inc (NYSE: AMC) is reportedly in the crosshairs of Amazon.com, Inc. (NASDAQ: AMZN) as the e-commerce giant is looking to use it as a testing ground for its movies.Why Cramer Thinks It Will HappenAMC CEO Adam Aron is a "miracle worker" who could be working on a "miracle" by generating some value for investors through a buyout, according to Jim Cramer. The acquisition may not do much to help the movie theater chain over the long term, however, similar to Amazon's acquisition of Whole Foods.All Amazon essentially did to change Whole Foods' business is the addition of lockers for delivery pickups, Cramer said: "They didn't do much."See Also: PreMarket Prep Stock Of The Day: AMC EntertainmentWhy Barrington Research Is OptimisticThe combined enterprise value of AMC is less than $5 billion with the majority of the value in the form of debt, Barrington Research analyst James Goss wrote in a note. As such, an acquisition by Amazon would "clearly be relatively modest."Meanwhile, Dalian Wanda holds a 75% voting interest in AMC and its management involvement is "described as fairly passive." So the ultimate sale would be at their discretion.From a regulatory point of view, Goss said Amazon buying AMC would pose fewer challenges than if one of the major studios was making the purchase. Amazon's ambitions to showcase its films on the big screen are "much smaller" and mostly focuses on TV series.It remains to be seen if Amazon's control of a movie theater chain would generate long-term value given the ongoing COVID-19 threat and a questionable recovery in a post-pandemic world. Nevertheless, Goss said Amazon can throw AMC a "lifeline" backed by its own "compatible interests" and such a move would be an attractive option for investors.AMC Price ActionAfter trading higher by more than 20% on Monday, shares of AMC Entertainment were trading higher by 2.8% at $5.47 on Tuesday afternoon.Latest Ratings for AMC DateFirmActionFromTo Apr 2020Imperial CapitalMaintainsIn-Line Apr 2020B. Riley FBRUpgradesSellNeutral Apr 2020Imperial CapitalDowngradesOutperformIn-Line View More Analyst Ratings for AMC View the Latest Analyst Ratings See more from Benzinga * Coronavirus Drives Surge In Online Grocery Penetration For Players Like Amazon Prime Now, Walmart * Stifel Downgrades Wayfair After Q1 Print, Says Coronavirus Sales Surge Will Dissipate * 3 Analyst Takes On eBay After 'Big Improvement' In Q1(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Zacks
AMC Entertainment (AMC) to Post Q1 Earnings: What's in Store?
AMC Entertainment (AMC) first-quarter top line is likely to have been impacted by dismal performance at the admissions, food and beverage, and other theatre segments.
- Motley Fool
3 Reasons Amazon Won't Buy AMC; 1 Reason It Might
Shares of AMC Entertainment (NYSE: AMC) soared 30% on Monday after a Daily Mail report indicated that Amazon (NASDAQ: AMZN) was potentially interested in buying the world's largest movie theater chain. Amazon was reportedly in talks to acquire Landmark Theatres in 2018, so it's not outlandish to think of the leading e-tailer making a play for a multiplex operator. After the $13.7 billion deal for Whole Foods Market in 2017, it may seem as if anything is possible for Amazon.
- MarketWatch
AMC’s stock soars after report Amazon held merger talks
Shares of AMC Entertainment Holdings Inc. rocketed on heavy volume Monday, after a media report that the struggling movie theater chain had held buyout talks with Amazon.com Inc., as AMC’s value has shrunk since the COVID-19 pandemic led to theater shutdowns worldwide.
- Motley Fool
Stock Market Wrap-Up: This Pot Stock's 1,000% Share-Price Rise Isn't Good News
The stock market put in a mixed showing on Monday, with most benchmarks bouncing back from early losses to end the day in the black. Market participants are still uncertain about what the next several months will look like for the global economy, especially as some state and local governments roll the dice and try to return to normal. The Dow Jones Industrial Average (DJINDICES: ^DJI) wasn't able to get out of the red by the end of the day, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) posted modest gains.
- Yahoo Finance
Stock market news updates: Wall Street reverses early losses, ends in the green as reopen hopes rise
Stocks fell Monday, pausing after last week’s rally, as a growing number of countries and U.S. states planned or began the process of phasing out stay-in-place measures.
- MarketWatch
Coronavirus update: Global case tally tops 4.1 million; South Korea reports cluster from Seoul nightclubs, and Wuhan, China, has 4 new cases
The number of cases of COVID-19 rose above 4.1 million on Monday, as South Korea reported a new cluster stemming from Seoul’s nightclub district and China reported four new cases in Wuhan, the city believed to be the source of the outbreak late last year.
- Barrons.com
A Movie Studio Could Buy AMC, Even if Amazon Isn’t Interested
There’s not much evidence to support Monday’s rumor that Amazon.com might have held talks about buying the theater chain AMC Entertainment, but there is a logic to the idea that is worth exploring.
- TheStreet.com
AMC Entertainment Stock Surges but the Risk/Reward Numbers Are Not Compelling
The world's largest cinema chain gains on reports that Amazon may be having talks for a possible takeover of the firm.
- Yahoo Finance Video
AMC jumps on report Amazon expressed buyout interest
AMC Entertainment's stock is soaring after the U.K.’s Daily Mail reported Amazon expressed interest in buying the movie theater chain. Yahoo Finance’s Dan Howley joins Seana Smith to discuss.
- Quartz
AMC’s coronavirus-stricken stock is surging at the mere thought of Amazon buying it
Could Amazon buy the world's largest chain of movie theaters?
- Bloomberg
Amazon Needs Movies More Than a Multiplex
(Bloomberg Opinion) -- As Amazon.com Inc. approaches the third anniversary of its Whole Foods Market acquisition, there’s speculation that the tech giant could set its sights on AMC Entertainment Inc. for its next oddball deal. But modernizing an already popular supermarket and luring shoppers with discounts on avocados isn’t the same as running a movie-theater chain — that would amount to a rescue mission. If Jeff Bezos wants to deepen his Hollywood ties, why not buy a studio instead? Amazon is said to have studied a deal for AMC and the two sides may have held talks, according to a May 9 report in the British newspaper the Daily Mail citing unnamed sources. Deadline later contradicted the story, saying there aren’t any discussions. This may turn out to be a case in which investor hope, rather than deal logic, was informing a rumor. AMC is the largest cinema operator in the U.S. and Europe, where it owns the Odeon & UCI circuit. That purchase, along with the takeover of its U.S. rival Carmike Cinemas and a costly theater renovation streak, has left AMC with a large debt burden that now threatens to topple the company as most of its cinemas remain closed due to the Covid-19 outbreak. The dwindling box office isn’t just a temporary quarantine-related problem. A nearly doubling in the price of movie tickets over the last two decades has masked an otherwise gradual decline in patronage. After regional stay-at-home orders lift, prolonged virus fears and a continued shift toward at-home video streaming will take even more of a toll. Studios are beginning to experiment with on-demand releases that are either concurrent with theatrical debuts or skip movie houses entirely, as Universal Studios chose to do with its “Trolls World Tour” premiere last month. Though AMC does sell its own on-demand movie access through the new Theatres On Demand platform, Amazon Prime Video is already a more established destination.What Amazon would be buying is a heap of debt and empty auditoriums. And what in the world is Bezos going to do with 11,000 exhibition screens? If the future of entertainment is streaming content, then a company like AMC Networks — the channel known for “Breaking Bad” and “The Walking Dead” — is a much more fitting candidate than AMC theaters. But even AMC Networks, which is valued at just $1.3 billion, may still be too niche for Amazon’s needs.If Bezos truly wants to dominate in streaming entertainment, he should think about acquiring a Hollywood studio. Lions Gate Entertainment Corp., ViacomCBS Inc.’s Paramount Pictures, Sony Pictures and Metro-Goldwyn-Mayer Inc. are all options and may be willing sellers. They could help provide the must-see content that Amazon needs more of to drive interest in its Prime Video service. As of now, the “free” movies and shows available to Prime members are more of an extra feature that’s nice to have, but easily forgotten about. In fact, more than three-quarters of Amazon Prime Video members still use Netflix, according to research firm MoffettNathanson LLC. The same argument can be made for Apple Inc. as it invests in the Apple TV+ service, as I wrote last year.Before June 2017, no one could have predicted that Bezos, a tech mogul, would scoop up the Whole Foods grocery chain for $13.6 billion and that it would be his largest takeover ever. Even now, the affiliation with Amazon hasn’t done much to change the Whole Foods shopping experience. It’s possible that Bezos sees some hidden value in cinemas, but the connection is even less clear than it is with supermarkets. What’s more likely is that Bezos is thinking about the future, where more is done remotely on our devices — especially TV viewing. In that case, Bezos doesn’t need a whole bunch of reclining seats, he needs eyeballs and something to show them.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
