AMC Entertainment (NYSE:AMC – Get Rating) issued its quarterly earnings results on Thursday. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.03), Fidelity Earnings reports. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm posted ($0.71) earnings per share. The company’s revenue for the quarter was up 162.3% on a year-over-year basis.
AMC Entertainment Stock Up 19.2 %
NYSE:AMC traded up $3.58 during trading hours on Friday, hitting $22.24. 3,998,835 shares of the company traded hands, compared to its average volume of 36,736,804. AMC Entertainment has a one year low of $9.70 and a one year high of $52.79. The company has a market cap of $11.49 billion, a PE ratio of -9.92 and a beta of 1.64. The firm’s 50-day simple moving average is $14.10 and its 200-day simple moving average is $15.88.
Analyst Ratings Changes
Several research firms have recently weighed in on AMC. Wedbush reiterated an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Tuesday. The Goldman Sachs Group cut their target price on AMC Entertainment to $34.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Wednesday, July 20th. Citigroup cut their target price on shares of AMC Entertainment from $6.00 to $5.00 and set a “sell” rating on the stock in a research note on Thursday, July 7th. Finally, B. Riley decreased their price objective on AMC Entertainment from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, June 21st. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, AMC Entertainment presently has a consensus rating of “Reduce” and an average target price of $13.50.
Institutional Trading of AMC Entertainment
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
- Get a free copy of the StockNews.com research report on AMC Entertainment (AMC)
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- BJ’s Wholesale Club Stock Has More Room to Grow
- How Does Freeport McMoran Inc Compare to Its Sector Competitors?
Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.