AMC Entertainment Holdings Inc. (AMC) is a holding company, which engages in the operation of theatrical exhibitions and other entertainment businesses primarily in North America. The company operates through three segments: 1) U.S. Markets; 2) International; and 3) Other.
What is AMC Entertainment Holdings Inc. (AMC)?
AMC Entertainment Holdings, Inc. (NYSE: AMC) is the world’s largest movie theater chain, with more than 8,000 screens in over 600 theaters across the globe. The company was founded in 1920 and is headquartered in Leawood, Kansas.
AMC operates four main theater brands: AMC Theatres, Loews Cineplex Entertainment, Odeon Cinemas Group, and Carmike Cinemas. It also owns and operates IMAX screens and other premium large-format auditoriums under the AMC brand.
The company offers a variety of ways for guests to enjoy their experience, including online ticketing, reserved seating, food and beverage service, and loyalty programs. AMC also partners with major studios and other content providers to bring exclusive experiences to its theaters, such as advance screenings and fan events.
AMC Entertainment Holdings, Inc. News
AMC Entertainment Holdings, Inc. is an American movie theater chain. Headquartered in Leawood, Kansas, AMC Entertainment Holdings, Inc. has 536 locations across the United States and Canada. In 2016 alone, AMC Entertainment Holdings, Inc. grossed US$2.37 billion in global box office revenue.
AMC Entertainment Holdings, Inc.’s most recent news includes the completion of its merger with Carmike Cinemas on December 21, 2016. The merger made AMC Entertainment Holdings, Inc. the largest movie theater chain in the world with 8,380 screens across 661 locations worldwide.
In addition to their completed merger, AMC Entertainment Holdings, Inc. has also been in the news for their strategic partnership with Dolby Laboratories to bring Dolby Cinema to more than 100 AMC locations worldwide by 2020. This partnership will allow AMC guests to experience the best in the image and sound technology when watching their favorite films at the cinema.
When will AMC release earnings?
AMC Entertainment Holdings, Inc. is scheduled to release earnings on Thursday, October 29th. Analysts expect AMC to report earnings of $0.17 per share for the quarter.
This would mark a year-over-year increase of +6.1% and a sequential decrease of -21.2%.
On average, sell-side analysts are expecting revenue of $938.01 million for the quarter, compared to $841.32 million in the second quarter of 2020.
Ahead of earnings, shares of AMC have declined -4.2% over the past month, compared to the S&P 500 which has gained +1.8% over the same period.
The stock is down -36% on a YTD basis.
AMC will release earnings on Thursday, October 29th. Analysts expect AMC to report earnings of $0.17 per share, up from $0.15 per share in the same quarter last year. Revenue is expected to be $1.21 billion, up from $1.19 billion in the same quarter last year.
Stock Quote for AMC Entertainment Holdings, Inc.
AMC Entertainment Holdings, Inc. (NYSE: AMC) stock was down 5.4% on Thursday after the company announced it would be selling 11 million shares of its common stock.
The move comes as AMC looks to raise capital to help weather the coronavirus pandemic, which has forced the company to temporarily close all of its theaters worldwide.
In a statement, AMC said it expects to generate gross proceeds of approximately $100 million from the offering. The shares will be sold at a price of $9.00 per share, which is a 6.5% discount on Wednesday’s closing price.
“The COVID-19 pandemic has created significant challenges for AMC, our guests, and employees, and the theatrical exhibition industry overall,” said Adam Aron, CEO and president of AMC in a statement. “AMC is taking decisive actions in response to these challenges.”
“We believe this equity offering will provide additional liquidity to help us navigate these challenges and enable us to continue executing our strategic plan,” he added.
Stock Performance for the Last 5 Years
AMC Entertainment Holdings, Inc. (AMC) has been on a roller coaster ride over the last 5 years. The stock price ranged from a high of $44.50 in December 2013 to a low of $11.55 in August 2014. However, the stock has made a strong recovery and is now trading at $36.00 as of December 2018.
The company has experienced some ups and downs during this time period, but overall, the trend has been positive. In 2013, AMC announced that it would be acquired by China’s Dalian Wanda Group for $2.6 billion. This deal helped to boost the stock price and gave AMC a much-needed cash infusion.
However, the honeymoon period didn’t last long as AMC soon ran into financial trouble after making a number of poor investments. This led to the stock price plummeting in 2014. Thankfully, the company was able to right the ship and has since returned to profitability.
Looking ahead, AMC appears to be in a good position as it continues to invest in new technologies and experiences such as premium large-format theaters and virtual reality offerings. With these initiatives, along with a strong slate of upcoming films, AMC should continue to see strong growth in the years ahead.
How to invest in AMC
If you’re looking to invest in AMC Entertainment Holdings, Inc. (AMC), there are a few things you need to know first. Here’s a quick guide on how to get started:
1. Determine if AMC stock is right for you. Consider your investment goals and objectives, as well as your risk tolerance.
2. Research the company. Read up on AMC’s financials, business model, competitive landscape, etc.
3. Decide how much you want to invest. Determine how many shares of AMC stock you’re comfortable buying.
4. Place your order with a broker. Once you’ve found a reputable broker, simply place an order for the number of shares you want to buy.
5. Monitor your investment. Keep tabs on AMC’s financial performance and share price over time to make sure it’s still a good investment for you.
AMC Entertainment Holdings, Inc. (AMC) is a great company to invest in if you’re looking for stability and long-term growth potential. The company has been in business for over 100 years and is the largest movie theater chain in the world. AMC also owns several other businesses that complement its core business, which gives it a diversified income stream. Overall, we believe that AMC is a great stock to buy and hold for the long term.