Analysts forecast that AMC Networks (NASDAQ:AMCX) will announce earnings per share (EPS) of $2.17 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for AMC Networks’ earnings, with estimates ranging from $2.14 to $2.21. AMC Networks reported earnings of $2.10 per share in the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, May 10th.
According to Zacks, analysts expect that AMC Networks will report full year earnings of $8.08 per share for the current fiscal year, with EPS estimates ranging from $7.73 to $8.46. For the next financial year, analysts anticipate that the firm will post earnings of $8.88 per share, with EPS estimates ranging from $7.85 to $9.74. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow AMC Networks.
AMC Networks (NASDAQ:AMCX) last released its earnings results on Thursday, March 1st. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.19. AMC Networks had a return on equity of 531.46% and a net margin of 16.80%. The company had revenue of $726.93 million during the quarter, compared to analyst estimates of $730.82 million. During the same quarter in the previous year, the company posted $1.30 EPS. AMC Networks’s revenue for the quarter was down .4% on a year-over-year basis.
AMCX has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on AMC Networks from $55.00 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Zacks Investment Research downgraded AMC Networks from a “hold” rating to a “sell” rating in a report on Friday, January 19th. TheStreet downgraded AMC Networks from a “b-” rating to a “c+” rating in a report on Thursday, January 18th. BidaskClub upgraded AMC Networks from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Moffett Nathanson upgraded AMC Networks from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.55.
NASDAQ:AMCX traded up $0.21 during mid-day trading on Friday, reaching $52.18. 239,715 shares of the company’s stock traded hands, compared to its average volume of 669,888. AMC Networks has a 12-month low of $46.89 and a 12-month high of $67.44. The company has a market cap of $3,169.74, a PE ratio of 7.11, a P/E/G ratio of 0.88 and a beta of 0.79. The company has a debt-to-equity ratio of 19.07, a current ratio of 2.53 and a quick ratio of 2.53.
Several institutional investors have recently bought and sold shares of the stock. Investec Asset Management LTD grew its stake in shares of AMC Networks by 0.3% in the 4th quarter. Investec Asset Management LTD now owns 1,804,415 shares of the company’s stock worth $97,583,000 after buying an additional 5,043 shares during the last quarter. LSV Asset Management lifted its holdings in shares of AMC Networks by 24.9% during the 4th quarter. LSV Asset Management now owns 1,602,183 shares of the company’s stock valued at $86,646,000 after buying an additional 319,011 shares during the period. Schroder Investment Management Group lifted its holdings in shares of AMC Networks by 322.6% during the 4th quarter. Schroder Investment Management Group now owns 1,214,590 shares of the company’s stock valued at $65,685,000 after buying an additional 927,200 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of AMC Networks by 20.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,032,230 shares of the company’s stock valued at $55,823,000 after buying an additional 176,089 shares during the period. Finally, Boston Partners lifted its holdings in shares of AMC Networks by 110.6% during the 4th quarter. Boston Partners now owns 819,011 shares of the company’s stock valued at $44,292,000 after buying an additional 430,169 shares during the period. Institutional investors own 90.42% of the company’s stock.
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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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