Equities analysts predict that AMC Networks Inc. (NASDAQ:AMCX) will report $731.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for AMC Networks’ earnings, with estimates ranging from $726.70 million to $734.40 million. AMC Networks reported sales of $729.60 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.2%. The company is expected to issue its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that AMC Networks will report full-year sales of $731.10 million for the current year, with estimates ranging from $2.80 billion to $2.88 billion. For the next financial year, analysts forecast that the company will report sales of $2.92 billion per share, with estimates ranging from $2.80 billion to $2.97 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for AMC Networks.
AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The firm had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $660.79 million. During the same period in the previous year, the business posted $1.11 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year.
A number of research firms have recently weighed in on AMCX. Cowen reissued a “hold” rating and set a $53.00 target price on shares of AMC Networks in a report on Thursday, September 21st. Wells Fargo & Co began coverage on AMC Networks in a report on Tuesday, October 10th. They set an “outperform” rating and a $72.00 target price for the company. Guggenheim downgraded AMC Networks from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. BidaskClub raised AMC Networks from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 19th. Finally, TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $61.42.
Shares of AMC Networks (AMCX) opened at $51.70 on Thursday. AMC Networks has a twelve month low of $46.89 and a twelve month high of $67.61. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53. The firm has a market capitalization of $3,200.00, a price-to-earnings ratio of 10.20, a PEG ratio of 1.02 and a beta of 1.10.
Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. raised its stake in AMC Networks by 24.4% in the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after purchasing an additional 414 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AMC Networks by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock worth $116,000 after acquiring an additional 181 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in AMC Networks during the second quarter worth about $153,000. Riverhead Capital Management LLC raised its stake in AMC Networks by 69.9% during the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock worth $172,000 after acquiring an additional 1,328 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in AMC Networks by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock worth $175,000 after acquiring an additional 88 shares in the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.
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About AMC Networks
AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
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