AMC Entertainment (NYSE:AMC – Get Free Report) 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.
View Our Latest Report on AMC Entertainment
AMC Entertainment Trading Up 4.0 %
AMC Entertainment (NYSE:AMC – Get Free Report) 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.
Featured Articles
- Five stocks we like better than AMC Entertainment
- Best Stocks Under $10.00
- 3 Stocks Leading the U.S. Agriculture Comeback
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- How to Use Put Debit Spreads to Profit From Falling Stocks
- How to Use the MarketBeat Stock Screener
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.