AMC Networks Inc (NASDAQ:AMCX) – Analysts at Jefferies Group dropped their Q4 2017 earnings per share (EPS) estimates for shares of AMC Networks in a research note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings per share of $1.42 for the quarter, down from their previous forecast of $1.54. Jefferies Group currently has a “Hold” rating and a $55.00 price target on the stock.
AMC Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.15 by $0.53. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The business had revenue of $648.00 million during the quarter, compared to the consensus estimate of $660.79 million. During the same period in the prior year, the business posted $1.11 earnings per share. AMC Networks’s revenue was up 2.1% compared to the same quarter last year.
Other equities research analysts also recently issued reports about the company. TheStreet downgraded AMC Networks from a “b-” rating to a “c” rating in a research note on Tuesday, November 14th. Morgan Stanley reduced their price objective on AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 31st. Cowen reissued a “hold” rating and issued a $53.00 price objective on shares of AMC Networks in a research note on Thursday, September 21st. Guggenheim downgraded AMC Networks from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Finally, Wells Fargo & Co initiated coverage on AMC Networks in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $72.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $61.42.
Shares of AMC Networks (AMCX) opened at $51.36 on Thursday. AMC Networks has a fifty-two week low of $46.89 and a fifty-two week high of $67.61. The company has a market capitalization of $3,241.00, a price-to-earnings ratio of 10.13, a PEG ratio of 0.99 and a beta of 1.10. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53.
A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of AMC Networks by 385.4% during the 2nd quarter. Royal Bank of Canada now owns 93,357 shares of the company’s stock valued at $4,986,000 after acquiring an additional 74,123 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of AMC Networks by 24.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,061 shares of the company’s stock valued at $3,161,000 after acquiring an additional 10,539 shares during the last quarter. U S Global Investors Inc. acquired a new position in shares of AMC Networks during the 3rd quarter valued at about $1,462,000. AXA increased its holdings in shares of AMC Networks by 468.7% during the 3rd quarter. AXA now owns 245,100 shares of the company’s stock valued at $14,331,000 after acquiring an additional 202,000 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of AMC Networks by 9.9% during the 2nd quarter. FMR LLC now owns 1,172,084 shares of the company’s stock valued at $62,601,000 after acquiring an additional 105,290 shares during the last quarter. 86.88% of the stock is currently owned by institutional investors.
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AMC Networks Company Profile
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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