AMC Entertainment (NYSE:AMC) Posts Quarterly Earnings Results, Hits Estimates

AMC Entertainment (NYSE:AMC) posted its earnings results on Friday. The company reported ($0.43) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.43), Briefing.com reports. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. AMC Entertainment’s quarterly revenue was down 23.1% on a year-over-year basis.

AMC Entertainment Trading Down 3.6 %

AMC traded down $0.18 on Monday, hitting $4.76. 9,683,367 shares of the company were exchanged, compared to its average volume of 34,187,473. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -3.69 and a beta of 1.84. The firm has a 50-day moving average price of $5.00 and a two-hundred day moving average price of $4.35. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $54.60.

Wall Street Analysts Forecast Growth

AMC has been the topic of several research analyst reports. Wedbush reiterated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Monday. Macquarie lifted their price target on AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Tuesday, July 9th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Monday. Finally, Citigroup increased their target price on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a research note on Tuesday, May 14th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $5.37.

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.