AMC reports its fiscal first-quarter results before market open on May 5.
Analyst firm Benchmark raised its growth estimates for AMC Entertainment Holdings Inc. Friday, citing better-than-expected domestic box office performance.
AMC Benchmark now estimates that AMC will report first-quarter revenue of $912 million, up from its prior estimate of $831 million. Analysts surveyed by FactSet are looking for first-quarter revenue of $930 million. AMC is also looking to resolve its proposed conversion of AMC Preferred Equity APE units into common stock. “AMC shareholders recently approved combining AMC shares and APE units and a 1:10 reverse stock split,” Hickey wrote in the note. “To necessitate the transactions, AMC will need a favorable judicial ruling on the litigation settlement.”
At the end of 2022, AMC’s total aggregate principal debt amounted to approximately $4.95 billion, down from $5.17 billion at the end of 2021.
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