$AMC

5 stories mentioning AMCUpdated 14d ago

Every FINWIRES story that references AMC, newest first.

Domestic Box Office Poised for Continued Momentum After May Beat, B. Riley Says

Domestic box office performance in May was stronger than expected, likely boding well for this month, with AMC Entertainment (AMC), Cinemark (CNK), and Marcus (MCS) seen as beneficiaries, B. Riley Securities said Monday.Preliminary figures for last month show box office collections of $1.06 billion, up 9% year over year and ahead of the brokerage's $890 million forecast."We believe it was ahead of market expectations, providing added confidence in near-term estimates and the summer slate," B. Riley Managing Director Drew Crum said in a note to clients. "A stronger June slate headlined by 'Toy Story 5,' plus an easier comp, suggests further positive momentum is plausible."B. Riley sees AMC, Cinemark and Marcus among the beneficiaries, according to the note.AMC shares were up nearly 14% in Monday afternoon trade, while Cinemark jumped 11%. Marcus rose 3.6%.The latest box office performance reflects carryover from April movies like Amazon (AMZN) MGM-distributed film "Project Hail Mary," and "Michael," as well as a solid sequel debut for "The Devil Wears Prada 2," and a strong opening weekend for A24's YouTube-inspired horror phenomenon "Backrooms," B. Riley said.The brokerage expects May box office performance to be issued this week, including a global total from Imax (IMAX) and separately a figure from Cineplex offering a read on the Canadian market, according to the note.B. Riley projects June domestic box office collections at $1 billion, which would mark a 20% annual gain amid an easier prior-year comparison and other upcoming high-profile titles like Amazon MGM's "Masters of the Universe" and Paramount's (PSKY) "Scary Movie."Box office performance will potentially be offset by the FIFA World Cup 2026, which kicks off June 11, according to the brokerage.Price: $1.96, Change: $+0.23, Percent Change: +13.01%

$AMC$AMZN$CNK$IMAX$MCS$PSKY

Wire40d ago

AMC Entertainment Positioned to Gain Market Share in 2026, Wedbush Says

AMC Entertainment (AMC) is positioned to gain market share in 2026 with premium screens in North America and its expansion plans in United Kingdom and European Union, Wedbush said in a research note on Wednesday.Wedbush said it remains positive on AMC Entertainment as the company is poised to benefit from more consistent releases over the next several quarters and it continues to prioritize debt repayments.Noting the Q1 results, the brokerage said the company continues to drive up revenue per attendee, with the last three quarters seeing $24 domestic per caps and around $18 per international attendee, which is about 30% higher compared with pre-pandemic levels."We expect AMC's [earnings before interest, taxes, depreciation, and amortization] margin to rise to 13-16% within the next 2-5 years as attendance and per caps normalize modestly higher," Wedbush said.Wedbush maintained its outperform rating on AMC Entertainment, with a price target of $3.Price: $1.63, Change: $+0.04, Percent Change: +2.52%

$AMC

Research40d ago

Benchmark Upgrades AMC Entertainment to Buy, $2.50 Price Target

AMC Entertainment Holdings (AMC) has an average rating of Hold and mean price target of $2.01, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$AMC

Wire42d ago

AMC Entertainment Says Over 4.4 Million Moviegoers Attended Theaters From April 30 Through May 3

AMC Entertainment (AMC) said Monday that more than 4.4 million moviegoers attended films at its US locations and ODEON Cinemas internationally from April 30 through May 3.AMC said "The Devil Wears Prada 2" opened to about $233 million globally, including previews, kicking off the summer season and boosting attendance alongside Michael Jackson biopic "Michael."The company said it expects box office momentum to continue into the next few weeks and into the summer on a slate of exclusive theatrical releases in June, July and August.Price: $1.57, Change: $+0.12, Percent Change: +7.93%

$AMC

US Markets59d ago

B. Riley Upgrades 2026 Box Office Outlook Following First-Quarter Beat

US box office revenue this year is set to come in higher than previously projected following a better-than-expected first quarter, B. Riley Securities said Friday.The industry raked in box office proceeds of about $1.74 billion in the first three months of the year, jumping 22% year over year and ahead of the brokerage's $1.59 billion view. The performance reflected a 14% increase in January, a "flattish" February and "healthy" gains in March, which benefited from the commercial success of the Amazon (AMZN) MGM-distributed film "Project Hail Mary," B. Riley said.Paramount Skydance's (PSKY) "Scream 7," Walt Disney's (DIS) "Hoppers" and Warner Bros. Discovery's (WBD) "Wuthering Heights" also contributed to the first-quarter outperformance, B. Riley analyst Drew Crum said in a note to clients.The brokerage now estimates domestic box office collections of $9.55 billion for 2026, up from its previous expectations of $9.40 billion, with the outperformance in the first quarter "serving as the key driver to this upward adjustment."The first-quarter domestic box office provided "some needed confidence following a shaky (second half of 2025), while this momentum has continued into early (second quarter)," Crum said.B. Riley reiterated its US box office revenue estimate of $2.70 billion for the current three-month period, reflecting an annual increase of 1%. For the third and fourth quarters, the brokerage is expecting proceeds of $2.70 billion and $2.40 billion, respectively."Improving box office trends could lead to quarterly beats, upward revisions to estimates, and hence multiple expansion," Crum said. "General optimism for the 2026-2027 slate, further progress on windowing, and encouraging developments regarding labor negotiations for Hollywood guilds, may help sentiment too."The brokerage raised its price targets on the stocks of AMC Entertainment (AMC) to $2 from $1.50 and on Cinemark (CNK) to $34 from $30, with neutral ratings. It continues to have a buy rating on Imax (IMAX) shares.Price: $1.90, Change: $+0.29, Percent Change: +17.70%

$AMC$AMZN$CNK$DIS$IMAX$PSKY$WBD