AMC Entertainment (AMC) Set to Announce Quarterly Earnings on Wednesday

AMC Entertainment (NYSE:AMC) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

AMC Entertainment (NYSE:AMC) last issued its 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. The business’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 Stock Down 0.2 %

NYSE AMC opened at $4.34 on Tuesday. The firm’s fifty day moving average price is $4.54 and its two-hundred day moving average price is $4.64. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88.

Analyst Ratings Changes

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