AMC Entertainment (NYSE:AMC) Releases Q1 Earnings Guidance

AMC Entertainment (NYSE:AMC) updated its first quarter earnings guidance on Friday. 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. AMC Entertainment also updated its Q1 2024 guidance to -0.620–0.620 EPS.

Analyst Ratings Changes

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

AMC Entertainment Trading Up 4.0 %

AMC Entertainment stock traded up $0.13 during midday trading on Friday, reaching $3.41. The stock had a trading volume of 15,198,065 shares, compared to its average volume of 15,580,860. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $62.30. The company has a market capitalization of $897.78 million, a P/E ratio of -1.45 and a beta of 1.62. The company has a fifty day moving average price of $3.86 and a two-hundred day moving average price of $5.77.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, equities research analysts predict that AMC Entertainment will post -1.61 earnings per share for the current fiscal 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.