AMC Entertainment (AMC) Scheduled to Post Earnings on Wednesday

AMC Entertainment (NYSE:AMC - Get Free Report) will be issuing 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 listening to the company's conference call can do so using this link.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.43). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. AMC Entertainment's revenue was down 23.1% on a year-over-year basis. 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 stock traded up $0.11 during midday trading on Wednesday, reaching $4.56. 9,665,342 shares of the company's stock traded hands, compared to its average volume of 26,744,242. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The business has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $4.59. The company has a market capitalization of $1.35 billion, a P/E ratio of -3.50 and a beta of 1.80.

Analyst Ratings Changes

AMC has been the subject of a number of research reports. Macquarie upped their price target on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an "underperform" rating in a research report on Tuesday, July 9th. Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a report on Monday, August 5th. Wedbush restated a "neutral" rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Monday, August 5th. Finally, Morgan Stanley lowered their price objective on shares of AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Monday, August 12th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently 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.