AMC - AMC Entertainment Holdings, Inc.
| Previous Close | 7.33 |
| Open | 7.36 |
| Bid | 7.25 x 3100 |
| Ask | 7.27 x 900 |
| Day's Range | 7.13 - 7.38 |
| 52 Week Range | 6.35 - 17.07 |
| Volume | 2,016,869 |
| Avg. Volume | 3,473,706 |
| Market Cap | 756.028M |
| Beta (5Y Monthly) | 0.75 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.19 |
| Earnings Date | Feb 25, 2020 - Mar 01, 2020 |
| Forward Dividend & Yield | 0.80 (10.99%) |
| Ex-Dividend Date | Nov 27, 2019 |
| 1y Target Est | 13.50 |
- Yahoo Finance Video
Tom Cruise returns in 'Top Gun: Maverick' trailer
Paramount Studios is betting big on Tom Cruise, as the star returns in the 'Top Gun: Maverick' trailer. Yahoo Finance's Zack Guzman, Sibile Marcellus discuss with Kindur CEO, Rhian Horgan.
- PR Newswire
'Free Burma Rangers,' Documentary Exploring American Family's Mission to Rescue War Victims in Myanmar, Iraq and Syria, is Coming to Movie Theaters Nationwide this Winter
Fathom Events is bringing "Free Burma Rangers," a new documentary chronicling the remarkable true story of a heroic American family, to theaters across the country on February 24 and 25. The film depicts the journey of David Eubank, a U.S. Special Forces veteran, and his family, who have dedicated their lives to rescuing war and terrorist-oppressed people in Myanmar (formerly Burma), Iraq, and Syria, and rendering aid to those affected by those conflicts.
- 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.
- PR Newswire
Satoshi Kon's Classic Animated Feature 'Tokyo Godfathers' Comes to Theaters Nationwide on March 9 and 11
GKIDS, the acclaimed distributor of multiple Academy Award®-nominated animated features, and Fathom Events announced today that "Tokyo Godfathers," the critically-acclaimed animated feature from director Satoshi Kon ("Perfect Blue," "Paprika"), will return to theaters in a new 4K restoration this March. GKIDS previously re-released a remastered version of Satoshi Kon's groundbreaking psychological thriller "Perfect Blue" in 2018 in partnership with Fathom Events. ASIFA-Hollywood recently announced that Kon would posthumously receive the Winsor McCay Award, the organization's award for lifetime achievement in animation, at their upcoming 2020 Annie Awards ceremony, and a new stage play based on "Tokyo Godfathers" has just been announced by the New National Theatre, Tokyo, to be performed during the theater's 2020-21 season.
- PR Newswire
"Digimon Adventure: Last Evolution Kizuna" Hits Theaters On March 25th For The 20th Anniversary Theatrical Event
This spring the DigiDestined returns to the big screen in a final adventure with their Digimon. Toei Animation Inc. and Fathom Events announced today that the new feature film "Digimon Adventure: Last Evolution Kizuna" will screen March 25 as a special one-night-only theatrical event across the United States.
- Business Wire
AMC Entertainment to Elevate Dan Ellis to Senior Vice President, Development & International
AMC Entertainment (NYSE:AMC, "AMC" or the "Company") today announced that Dan Ellis, head of Domestic Development at AMC, will succeed Mark McDonald as the head of AMC’s Development & International Department, following McDonald’s retirement at the end of February 2020. The two executives spent the last two years working closely together in Development, and the Company expects an orderly and smooth transition.
- Bloomberg
Theater Chains Face Uncertain 2020 With Few Must-See Films
(Bloomberg) -- Movie-theater stocks are facing a rough outlook for the new year, as a weak slate of films looks to extend the tepid U.S. box office seen over 2019, analysts said on Monday.MKM Partners wrote that it was “taking a cautious outlook for 2020,” anticipating that domestic box office revenue would fall 4% in 2020. That’s on top of a year-over-year drop in 2019.Referring to 2020, MKM analyst Eric Handler wrote that “the biggest issue for the year is it is lacking the mega-hits seen last year,” when four titles -- “Avengers: Endgame,” “The Lion King,” “Toy Story 4,” and “Frozen 2” -- all made more than $400 million.“Looking at the current slate for 2020 we are having a tough time assessing if any film” can breach that level, he added.Among the films scheduled for release in 2020 are “No Time to Die,” the latest entry in the James Bond franchise, along with “Mulan,” “Black Widow,” and “Wonder Woman 1984.”The ongoing growth of streaming video -- notably with the recent success of Walt Disney Co.’s service -- is seen as adding to the cautious environment for theater chains like AMC Entertainment Holdings and Cinemark Holdings.Given the proliferation of streaming services and the improved quality of streaming content, “consumers are becoming increasingly selective as to what movies warrant a trip to the movie theater,” wrote Richard Greenfield, an analyst at Lightshed Partners. “As consumers grow more selective, it puts increased pressure on the top 10 films of the year” to support overall box-office revenue. Looking at the 2020 calendar for film releases, “we simply do not see the excitement.”He added that “it does not appear hard” to envision domestic box office dropping by double digits in 2020, “falling back to levels last seen in the early 2010s.”Shares of AMC fell 2.2% on Monday and touched record lows. Last month, BofA downgraded the stock on the 2020 film schedule, as well as “a cont. rise in perceived competition from small screen competitors” like Netflix. Cinemark shares rose 0.2% on Monday, as did Imax Corp.To contact the reporter on this story: Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Will DaleyFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
- PR Newswire
SHAREHOLDER ALERT: Schubert Firm Investigating Possible Derivative Claims on Behalf of AMC Shareholders
Schubert Jonckheer & Kolbe LLP is investigating potential derivative claims on behalf of the shareholders of AMC Entertainment Holdings, Inc. (NYSE: AMC) related to the company's statements and omissions regarding AMC's acquisition of Carmike Cinemas, Inc. ("Carmike") in December 2016 and AMC's international expansion in late 2016 and early 2017.
- Zacks
Vail Resorts' Strategic Efforts Bode Well Amid High Costs
Vail Resorts (MTN) banks on mergers and extensive marketing to drive top-line growth. Meanwhile, increased operating expenses continue to hurt the company's profits.
- Bloomberg
Theater Stocks Fall as Box-Office Sales Head Toward a Down Year
(Bloomberg) -- The latest “Star Wars” film won’t keep overall box-office sales from slipping in 2019, and the slump is weighing on shares of theater chains.North American movie ticket sales probably fell by 3.6% in 2019, sliding to $11.5 billion, according to a Comscore Inc. estimates. A string of hits from Walt Disney Co., including “Avengers: Endgame,” “The Lion King” and the newly released “Star Wars: The Rise of Skywalker,” didn’t manage to buoy the overall industry.AMC Entertainment Holdings, Cinemark Holdings Inc. and Cineworld Group Plc all declined on Monday after sales data from the opening weekend of “Star Wars” showed the performance won’t offset an overall slower year at the box office. It generated about $176 million, slightly short of the $183 million Box Office Pro estimated.“Hollywood was banking on a strong showing to boost receipts,” Geetha Ranganathan, an analyst at Bloomberg Intelligence, said in a note. “The reception, far below predecessors, may have been partly due to mixed critical reviews.”Source: Comscore dataCinemas are increasingly competing with streaming services, which have made it easy to see movies at home, keeping viewers glued to the couch. Still, 2018 was a record year for domestic moviegoing revenue and there had been hope that the industry can repeat that feat in 2019.Shares of AMC fell as much as 3.9% to $7.73, while Cinemark dropped 3.4% to $33.66. Imax Corp., the operator of big-screen-format theaters, also declined, falling 4% to $21. Cineworld, which owns the Regal chain, slipped 0.6% in London.To contact the reporter on this story: Kelly Gilblom in Los Angeles at kgilblom@bloomberg.netTo contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Barrons.com
Theater Chain AMC May Slash Its Dividend. BofA Says to Sell the Stock.
Concerned about tough comparisons and a potential dividend cut, Bank of America Global Research analyst Bryan Goldberg cut his rating on the movie-theater chain (AMC) to Underperform from Neutral, with a new price target of $7, down from $14. AMC stock (ticker: AMC) was down a penny at $8.11 on Wednesday morning. Goldberg noted that the opening of Frozen II has been “solid,” and that a strong debut is likely for the new Star Wars movie opening this week.
- Benzinga
Bank Of America Downgrades AMC Entertainment, Says Stock 'Feeling A Little Frozen'
Movie theater chain AMC Entertainment Holdings Inc (NYSE: AMC ) remains well-positioned within the exhibition marketplace but the bearish case for the stock can still be made, according to Bank of America. ...
- Business Wire
AMC Entertainment Holdings, Inc. to Participate in January 2020 Investor Conference
AMC Entertainment Holdings, Inc. to Participate in January 2020 Investor Conference
- 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
