Hot Move to Watch: AMC Entertainment Holdings, Inc. (NYSE: AMC)

Shares of AMC Entertainment Holdings, Inc. (NYSE: AMC) closed the trading at a price of $19.27 with the positive/negative change of +2.17%. In the past session approximately 1,577,282 shares were exchanged against the average daily trading volume of 1,946,235 shares. The stock touched to the maximum level of $19.32, and it reached the lower level of $18.63 in past session. The stock’s market capitalization has now valued at $1.995B.

AMC Entertainment Holdings, Inc. (AMC) recently stated results for the second quarter ended June 30, 2018.

Highlights for the second quarter ended June 30, 2018, include the following:

  • AMC set second quarter records for the three months ended June 30 period for all revenue categories: admissions, food and beverage and other.
  • Total revenues raised 20.0% to $1,442.5M contrast to total revenues of $1,202.3M for the three months ended June 30, 2017. Total revenues in the quarter included about $313.2M of revenues from our international theatres as contrast to $294.9M for the three months ended June 30, 2017.
  • Admissions revenues raised 17.7% to $896.3M contrast to $761.4M for the same period a year ago.
  • Food and beverage revenues raised 19.2% to $445.8M, contrast to $374.1M for the three months ended June 30, 2017.
  • Earnings before income taxes raised $305.7M to $19.6M, contrast to a loss of $286.1M for the same quarter a year ago. Included in the loss before income taxes for the second quarter ended June 30, 2017 was a $202.6M other-than-temporary pre-tax impairment loss related to AMC’s investment in National CineMedia, LLC and National CineMedia, Inc. (“NCM”).
  • Net earnings raised $198.7M to net earnings of $22.2M contrast to net loss of $176.5M for the three months ended June 30, 2017.
  • Diluted earnings per share (“diluted EPS”) raised by $1.52 to $0.17 per share contrast to a net loss of $1.35 per share for the same period a year ago. Weighted average diluted shares outstanding in the second quarter of 2018 reduced about 2.3% contrast to the second quarter last year as a result of the effect of 3.7M shares repurchased since August 2017.
  • Total Adjusted EBITDA(1)raised 80.3% to $244.8M contrast to $135.8M for the three months ended June 30, 2017. U.S. markets Adjusted EBITDA for the second quarter grew 93.2% to $222.2 contrast to $115.0M in the same period last year. International Adjusted EBITDA for the second quarter grew 8.7% to $22.6M contrast to $20.8M a year ago.

Highlights for the six months ended June 30, 2018, include the following:

  • Total revenues raised 13.8% to $2,826.1M contrast to total revenues of $2,483.7M for the six months ended June 30, 2017. Total revenues for 2018 included about $714.7M of revenues from our international theatres as contrast to $584.1M in the six-month period a year ago.
  • Admissions revenues grew 12.2% to $1,771.3M contrast to $1,578.9M for the six months ended June 30, 2017.
  • Food and beverage revenues raised 10.4% to $851.6M, contrast to $771.7M for the six months ended June 30, 2017.
  • Earnings before income taxes raised $328.9M to $42.0M, contrast to a loss of $286.9M for the same quarter a year ago. Included in the loss before income taxes for the six months ended June 30, 2017 was a $204.5M other-than-temporary pre-tax impairment loss related to AMC’s investment in NCM.
  • Net earnings raised $208.0M to $39.9M contrast to a net loss of $168.1M for the six months ended June 30, 2017.
  • Diluted EPS raised by $1.64 to $0.31 per share contrast to loss of $1.33 per share for the same period a year ago. Weighted average diluted shares outstanding for the six months ended June 30, 2018 raised about 1.4% contrast to the second quarter last year as a result of the additional public offering of 20.3M shares in February 2017 offset by the repurchase of 3.7M shares since August 2017.
  • Total Adjusted EBITDA(1) grew 35.1% to $522.7M contrast to $386.9M for the six months ended June 30, 2017. U.S. markets Adjusted EBITDA for the six months grew 37.6% to $430.5 contrast to $312.9M in the same period last year. International Adjusted EBITDA grew 24.6% to $92.2M contrast to $74.0M in the same period a year ago. Much of the growth in international Adjusted EBITDA is Because of the March 28, 2017 acquisition of Nordic Cinema Group Holding AB (“Nordic”).

In most recent quarter, LT Debt/Equity ratio was listed at 2.41 and Total Debt/Equity ratio was noted at 2.45. The stock has price to cash ratio of 7.58, The Company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally. The short ratio in the company’s stock is documented at 5.52 and the short float is around of 22.49%. The average true range of the stock is observed at 0.67 and the relative strength index of the stock is recorded at 52.70.

Francisco Morris

Francisco Morris- Business and Transportation  Francisco Morris graduated in 2007 from reputable University majoring in Economics and Accounting. In the past years, he has gathered an immense amount of experience and written for other financial sites and published independent investment research, primarily on initiative companies and new entrepreneurs. He has been working in the writing industry for the last 4 years. He has a motivational persona and trains staff on the finer points of writing, editing and getting the news out on time. Address:  4622 Larry Street Milwaukee, WI 53213, United States of America Phone Number:  +1- 414 955 8172 Email:  Francisco@dailynewsgallery.com

Leave a Reply

Your email address will not be published. Required fields are marked *