Brokerages expect AMC Networks Inc (NASDAQ:AMCX) to announce earnings of $1.49 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for AMC Networks’ earnings, with estimates ranging from $1.41 to $1.58. AMC Networks reported earnings per share of $1.30 in the same quarter last year, which would indicate a positive year over year growth rate of 14.6%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, March 1st.
On average, analysts expect that AMC Networks will report full year earnings of $7.08 per share for the current financial year, with EPS estimates ranging from $6.70 to $7.26. For the next fiscal year, analysts expect that the business will post earnings of $7.21 per share, with EPS estimates ranging from $6.11 to $7.88. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover AMC Networks.
Several brokerages have weighed in on AMCX. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. Piper Jaffray Companies set a $60.00 target price on AMC Networks and gave the stock a “hold” rating in a research report on Wednesday, November 1st. ValuEngine raised AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. BidaskClub raised AMC Networks from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, Cowen reaffirmed a “hold” rating and issued a $63.00 target price on shares of AMC Networks in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. AMC Networks presently has an average rating of “Hold” and a consensus target price of $62.42.
AMC Networks (NASDAQ AMCX) traded down $0.75 during trading hours on Thursday, reaching $51.47. The company had a trading volume of 489,798 shares, compared to its average volume of 710,067. The firm has a market capitalization of $3,307.81, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 0.97 and a beta of 0.91. AMC Networks has a 52-week low of $46.89 and a 52-week high of $67.61. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 37.53.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake 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 worth $3,161,000 after acquiring an additional 10,539 shares in the last quarter. AXA boosted its stake in shares of AMC Networks by 468.7% during the 3rd quarter. AXA now owns 245,100 shares of the company’s stock worth $14,331,000 after acquiring an additional 202,000 shares in the last quarter. U S Global Investors Inc. bought a new stake in shares of AMC Networks during the 3rd quarter worth about $1,462,000. Legal & General Group Plc boosted its stake in shares of AMC Networks by 25.3% during the 3rd quarter. Legal & General Group Plc now owns 58,260 shares of the company’s stock worth $3,406,000 after acquiring an additional 11,781 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of AMC Networks by 1.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 312,148 shares of the company’s stock worth $18,252,000 after acquiring an additional 5,182 shares in the last quarter. Institutional investors own 89.04% of the company’s stock.
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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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