AMC Entertainment (NYSE:AMC) Posts Earnings Results, Misses Expectations By $0.02 EPS

AMC Entertainment (NYSE:AMC) posted its quarterly earnings results on Tuesday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.02), Zacks reports.

AMC Entertainment Stock Performance

Shares of AMC stock traded down $0.08 on Tuesday, reaching $3.29. The stock had a trading volume of 15,288,731 shares, compared to its average volume of 10,913,671. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The stock has a market cap of $1.23 billion, a P/E ratio of -2.04 and a beta of 1.88. The company has a 50 day simple moving average of $3.62 and a 200 day simple moving average of $4.27.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Macquarie reiterated an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a report on Wednesday, November 13th. Roth Mkm upgraded shares of AMC Entertainment from a “sell” rating to a “neutral” rating and dropped their target price for the company from $4.00 to $3.25 in a report on Tuesday, February 4th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Saturday. Finally, Roth Capital set a $3.25 price target on AMC Entertainment in a research note on Tuesday, February 4th. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.81.

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.