Wall Street analysts predict that Amc Networks Inc (NASDAQ:AMCX) will report $1.69 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Amc Networks’ earnings, with estimates ranging from $1.51 to $1.90. Amc Networks reported earnings per share of $2.15 in the same quarter last year, which would indicate a negative year-over-year growth rate of 21.4%. The company is expected to report its next quarterly earnings results on Thursday, November 7th.
According to Zacks, analysts expect that Amc Networks will report full year earnings of $8.73 per share for the current fiscal year, with EPS estimates ranging from $8.52 to $9.10. For the next financial year, analysts anticipate that the firm will post earnings of $8.91 per share, with EPS estimates ranging from $8.15 to $9.75. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Amc Networks.
Amc Networks (NASDAQ:AMCX) last issued its earnings results on Wednesday, July 31st. The company reported $2.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.65. The business had revenue of $772.30 million during the quarter, compared to analysts’ expectations of $783.03 million. Amc Networks had a return on equity of 127.16% and a net margin of 15.04%. Amc Networks’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.93 earnings per share.
AMCX has been the subject of several recent analyst reports. Wolfe Research raised Amc Networks from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 30th. BidaskClub raised Amc Networks from a “strong sell” rating to a “sell” rating in a report on Thursday. TheStreet downgraded Amc Networks from a “b-” rating to a “c+” rating in a report on Tuesday, August 27th. ValuEngine downgraded Amc Networks from a “sell” rating to a “strong sell” rating in a report on Monday, July 22nd. Finally, Zacks Investment Research cut shares of Amc Networks from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Amc Networks currently has a consensus rating of “Hold” and an average price target of $60.20.
Shares of Amc Networks stock traded up $0.24 during midday trading on Friday, hitting $50.85. The company’s stock had a trading volume of 9,226 shares, compared to its average volume of 446,882. The firm has a market capitalization of $2.84 billion, a P/E ratio of 5.86, a PEG ratio of 0.64 and a beta of 0.86. The stock has a 50-day simple moving average of $50.63 and a 200-day simple moving average of $55.62. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 5.80. Amc Networks has a 1-year low of $46.31 and a 1-year high of $68.42.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Amc Networks by 17.5% in the fourth quarter. Geode Capital Management LLC now owns 514,652 shares of the company’s stock valued at $28,243,000 after acquiring an additional 76,808 shares during the last quarter. Sigma Planning Corp lifted its holdings in Amc Networks by 30.3% in the 1st quarter. Sigma Planning Corp now owns 7,736 shares of the company’s stock valued at $439,000 after purchasing an additional 1,799 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Amc Networks by 3.0% in the 1st quarter. Texas Permanent School Fund now owns 30,371 shares of the company’s stock valued at $1,724,000 after purchasing an additional 894 shares in the last quarter. Advisors Preferred LLC purchased a new position in Amc Networks in the 1st quarter valued at $74,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Amc Networks in the 1st quarter valued at $1,772,000. Institutional investors and hedge funds own 85.92% of the company’s stock.
Amc Networks Company Profile
AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.
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