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

AMC Entertainment (NYSE:AMC) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.43). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates 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 Stock Down 0.2 %

NYSE AMC opened at $4.34 on Tuesday. The stock’s 50-day moving average is $4.54 and its 200-day moving average is $4.64. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMC. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Monday, August 5th. Macquarie upped their target price on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 9th. Morgan Stanley dropped their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Finally, Wedbush reaffirmed a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.84.

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.