With exhibition giant AMC Theatres' first-quarter results in the books, Wall Street analysts on Wednesday dissected the figures and management commentary, with their main takeaway being caution.
AMC Theatres Gets Analyst Upgrade: "Near-Term Bankruptcy Risk Has Subsided"
27.05.2020 - 18:15 / hollywoodreporter.com
MKM Partners analyst Eric Handler on Wednesday upgraded the stock of exhibition giant AMC Theatres from "sell" to "neutral," arguing that "near-term bankruptcy risk appears to have subsided." He raised his fair value estimate to $5 from $1. Handler said that risk has lessened "considerably" as a result of the "increasing likelihood movie theaters in the U.S.
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hollywoodreporter.com
10.06.2020 / 17:59
AMC Theatres Discloses $2.17 Billion Quarterly Loss Amid Pandemic Closure
Exhibition giant AMC Theatres, hit in mid-March by a shutdown of its circuit amid the coronavirus pandemic, on Tuesday reported a deep first quarter loss due to onetime impairment charges, on sharply lower overall revenues.
theplaylist.net
10.06.2020 / 17:43
AMC Will Be “Fully Open Globally In July,” Paving The Way For A ‘Tenet’ Release
Even more than usual, all eyes are on AMC Theatres and the company’s future. Sure, there’s plenty of talk about when the cinema chain will reopen its doors globally, but after last week’s regulatory filing, claiming that AMC might not be able to survive the losses from the COVID-19 pandemic, not only are people concerned about when they can watch movies on the big screen again but also if AMC will be there to show them.
variety.com
10.06.2020 / 01:53
AMC Theatres Reports $2.2 Billion Loss, Aims to Fully Reopen in July
Adam Aron said in a statement.
variety.com
10.06.2020 / 00:07
AMC Theatres Reports $2.2 Billion Loss, Aims to Fully Reopen in July
Gene Maddaus Senior Media WriterAMC Entertainment reported a whopping $2.2 billion loss in the first quarter on Tuesday, the result of the global theatrical shutdown.In a statement, the company said it is focused on its liquidity as it looks to fully reopen worldwide in July.“These are truly unprecedented times,” CEO Adam Aron said.
breakingnews.ie
07.06.2020 / 18:13
I feel positive about ailing theatre sector’s prospects, says Sam Mendes
Sam Mendes has said that he feels “positive” about the prospect of a solution being found to support the UK’s ailing theatre sector through the lockdown.
hollywoodreporter.com
06.06.2020 / 02:09
AMC Theatres Possible Bankruptcy "Too Close to Call," Analyst Says
Imperial Capital analyst David Miller isn't yet ready to follow his Wall Street peers and declare a Chapter 11 bankruptcy filing from AMC Theatres as inevitable. So he raised the embattled cinema giant's stock price target on Friday ahead of AMC Theatres unveiling first quarter financial results on Tuesday.
deadline.com
04.06.2020 / 00:27
AMC Reopens The First Of Chain’s Shuttered Theaters: Odeon Cinemas In Norway
By Anthony D'Alessandro
hollywoodreporter.com
03.06.2020 / 23:33
AMC Theatres Credit Rating Downgraded Over "Distressed" Bond Swap
Debt ratings agency S&P Global Ratings on Wednesday reduced yet again AMC Entertainment's credit rating after the exhibition giant unveiled plans for a debt swap for additional financial headroom. "We view the proposed transaction as distressed," the research firm said in an investors note.
hollywoodreporter.com
03.06.2020 / 19:57
AMC Theatres Reports "Going Concern" Doubt, Will Post Loss of Up to $2.4B on Impairment Charge
Cinema giant AMC Theatres disclosed Wednesday that it expects its first-quarter financials, which were during the second half of March hit by the shutdown of its circuit, to include a loss of up to $2.4 billion, driven by a big impairment charge amid the novel coronavirus pandemic.
theplaylist.net
03.06.2020 / 18:31
AMC Theatres Says There’s “Substantial Doubt” The Chain Can Stay In Business Due To COVID-19 Losses
When the COVID-19 pandemic began, many people were concerned that local arthouse theaters and independent exhibitors would be the first cinema-related businesses to be shut down for good. No one really thought that AMC or other major worldwide theater chains would be possibly destroyed by the pandemic.
thewrap.com
03.06.2020 / 17:45
AMC Theatres Lost Between $2.1 Billion and $2.4 Billion in Q1
Due to the coronavirus pandemic, AMC Entertainment lost between $2.1 billion and $2.4 billion in the first quarter of 2020, the company revealed on Wednesday.
hollywoodreporter.com
28.05.2020 / 20:19
Disney Gets Analyst Downgrade: "The Stock Has Risen Too Far Too Fast"
Imperial Research analyst David Miller on Thursday downgraded his rating on the Walt Disney Co.
thewrap.com
28.05.2020 / 12:13
AMC Theatres CEO Adam Aron Made $9.7 Million in 2019
AMC Entertainment boss Adam Aron earned $9.7 million in total compensation in 2019, up from the $9.5 million the CEO took home the year before, according to a company filing with the Securities and Exchange Commission on Wednesday.
