AMC Entertainment (AMC) to Release Earnings on Wednesday

AMC Entertainment (NYSE:AMC) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.79) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, analysts expect AMC Entertainment to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

AMC Entertainment Stock Performance

Shares of AMC opened at $2.93 on Wednesday. The stock’s fifty day moving average price is $3.76 and its two-hundred day moving average price is $5.56. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $62.30.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMC shares. Wedbush reissued a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a report on Monday. B. Riley decreased their price objective on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $5.95.

About AMC Entertainment

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.