AMC Entertainment's Market Share Gains Overshadowed by Debt -- Market Talk

Dow Jones04-30

1420 ET - AMC Entertainment's market share gains mean little if the company doesn't deal with its debt, according to Wedbush analysts in a research note. They believe AMC can likely expand further from its 22.5% market share with its network of premium large-format screens and concert movie distribution, and that the company can also drive growth by investing in theater upgrades in Europe. But, they say AMC is unlikely to do so until it works through right-sizing its balance sheet. The analysts say AMC must cover interest payments and leases while chipping away at the $3 billion in debt repayments coming due over the next three years while renegotiating the rest. Wedbush backs its neutral rating and $4 price target. Shares fall 11% to $3.05. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

April 29, 2024 14:20 ET (18:20 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2431781057?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-30 02:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2431781057","market":"sg","top_or_hot":-1,"title":"AMC Entertainment's Market Share Gains Overshadowed by Debt -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1420 ET - AMC Entertainment's market share gains mean little if the company doesn't deal with its debt, according to Wedbush analysts in a research note. They believe AMC can likely expand further from its 22.5% market share with its network of premium large-format screens and concert movie distribution, and that the company can also drive growth by investing in theater upgrades in Europe. But, they say AMC is unlikely to do so until it works through right-sizing its balance sheet. The analysts say AMC must cover interest payments and leases while chipping away at the $3 billion in debt repayments coming due over the next three years while renegotiating the rest. Wedbush backs its neutral rating and $4 price target. Shares fall 11% to $3.05. (ben.glickman@wsj.com; @benglickman) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2024 14:20 ET (18:20 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Entertainment's Market Share Gains Overshadowed by Debt -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Entertainment's Market Share Gains Overshadowed by Debt -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-30 02:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1420 ET - AMC Entertainment's market share gains mean little if the company doesn't deal with its debt, according to Wedbush analysts in a research note. They believe AMC can likely expand further ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2431781057","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431781057","pubTimestamp":1714414800,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1420 ET - AMC Entertainment's market share gains mean little if the company doesn't deal with its debt, according to Wedbush analysts in a research note. They believe AMC can likely expand further from its 22.5% market share with its network of premium large-format screens and concert movie distribution, and that the company can also drive growth by investing in theater upgrades in Europe. But, they say AMC is unlikely to do so until it works through right-sizing its balance sheet. The analysts say AMC must cover interest payments and leases while chipping away at the $3 billion in debt repayments coming due over the next three years while renegotiating the rest. Wedbush backs its neutral rating and $4 price target. Shares fall 11% to $3.05. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线","BK4547":"WSB热门概念","BK4108":"电影和娱乐"},"translate_title":"债务市场讨论掩盖了AMC院线市场份额的增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":1},"content_text":"1420 ET - AMC Entertainment's market share gains mean little if the company doesn't deal with its debt, according to Wedbush analysts in a research note. They believe AMC can likely expand further from its 22.5% market share with its network of premium large-format screens and concert movie distribution, and that the company can also drive growth by investing in theater upgrades in Europe. But, they say AMC is unlikely to do so until it works through right-sizing its balance sheet. The analysts say AMC must cover interest payments and leases while chipping away at the $3 billion in debt repayments coming due over the next three years while renegotiating the rest. Wedbush backs its neutral rating and $4 price target. Shares fall 11% to $3.05. (ben.glickman@wsj.com; @benglickman) \n\n\n  (END) Dow Jones Newswires\n\n\n  April 29, 2024 14:20 ET (18:20 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2431781057"}