AMC Entertainment (AMC) Scheduled to Post Earnings on Wednesday

AMC Entertainment (NYSE:AMC) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect AMC Entertainment to post earnings of ($0.05) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.43). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. AMC Entertainment’s revenue for the quarter was down 23.1% compared to the same quarter last year. On average, analysts expect AMC Entertainment to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AMC Entertainment Price Performance

AMC opened at $4.51 on Monday. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -3.07 and a beta of 1.83. The firm has a 50 day simple moving average of $4.55 and a 200 day simple moving average of $4.63. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wedbush reissued a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research note on Monday, August 5th. Macquarie boosted their price objective on shares of AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a report on Tuesday, July 9th. Morgan Stanley reduced their price target on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Finally, Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.84.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.