AMC Entertainment (NYSE:AMC) Updates Q1 Earnings Guidance

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

Wall Street Analysts Forecast Growth

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

AMC Entertainment Price Performance

Shares of AMC Entertainment stock traded up $0.13 during trading on Friday, reaching $3.41. 13,813,452 shares of the company’s stock were exchanged, compared to its average volume of 15,541,975. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $62.30. The firm’s 50-day moving average price is $3.86 and its 200 day moving average price is $5.77.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. On average, sell-side analysts expect that AMC Entertainment will post -1.61 earnings per share for the current fiscal year.

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.