AMC Entertainment (NYSE:AMC) Updates Q1 Earnings Guidance

AMC Entertainment (NYSE:AMC) issued an update on its first quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $(0.62) for the period, compared to the consensus estimate of ($0.79). The company issued revenue guidance of $951.4 million, compared to the consensus revenue estimate of $861.06 million.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMC. B. Riley lowered their price objective on AMC Entertainment from $12.00 to $8.00 and set a neutral rating for the company in a research report on Thursday, February 29th. Wedbush lowered their target price on shares of AMC Entertainment from $6.00 to $4.00 and set a neutral rating on the stock in a report on Thursday, April 18th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Reduce and an average price target of $5.95.

AMC Entertainment Trading Up 4.0 %

AMC stock traded up $0.13 on Friday, hitting $3.41. The company had a trading volume of 13,813,452 shares, compared to its average volume of 15,541,975. The stock’s 50-day simple moving average is $3.86 and its 200 day simple moving average is $5.77. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $62.30.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Research analysts expect that AMC Entertainment will post -1.61 earnings per share for the current year.

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.