|Bid||6.93 x 2200|
|Ask||6.94 x 1800|
|Day's Range||6.93 - 7.22|
|52 Week Range||6.35 - 17.07|
|Beta (5Y Monthly)||0.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 25, 2020 - Mar. 01, 2020|
|Forward Dividend & Yield||0.80 (11.14%)|
|Ex-Dividend Date||Nov. 27, 2019|
|1y Target Est||13.17|
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) -- 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 firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Will DaleyFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
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.
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.
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.
Arizona Metals Corp. (TSXV: AMC) (the “Company” or “AMC”), would like to announce that it has granted an aggregate of 800,000 incentive stock options to certain officers and directors of the Company under its Stock Option Plan. The Company would also like to announce that it intends to reprice 6,118,000 of the Company’s outstanding warrants expiring on August 1, 2022 which were issued pursuant to the financing (the "QT Financing") completed concurrently with the Company's Qualifying Transaction that closed on August 1, 2019. In connection with the QT Financing, an aggregate of 6,755,000 warrants were issued by the Company, each with an exercise price of $0.60 (the "Warrants").
With holiday shopping season upon us, AMC Theatres® (AMC), the largest theatrical exhibitor in the United States and the world, today announced that the perfect gift for movie lovers throughout the country is now available with a pre-paid AMC Stubs A-List membership. Beginning today, A-List, the No. 1 movie-going subscription service in the United States, can be given as a gift to friends, family, even employees or coworkers.
AMC Theatres® (AMC), the largest theatrical exhibitor in the United States and the world, today announced its support, through its AMC Cares Charitable Fund, of Brave Beginnings, a program from the Will Rogers Motion Picture Pioneers Foundation. The AMC Cares Charitable Fund will make a $1 donation to Brave Beginnings for every AMC Kids Pack purchased in an AMC theatre between Nov. 17, which is World Prematurity Day, through Nov. 30, up to $200,000.
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?
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 ...
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.
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.
Taiwan Semiconductor Manufacturer, AMC Theatres, Boeing, American Airlines and Lockheed Martin highlighted as Zacks Bull and Bear of the Day