Amc Networks (NASDAQ:AMCX) announced its quarterly earnings data on Thursday. The company reported $2.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.37, MarketWatch Earnings reports. The business had revenue of $696.87 million for the quarter, compared to analyst estimates of $693.20 million. Amc Networks had a net margin of 17.22% and a return on equity of 278.30%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 earnings per share.
Shares of AMCX opened at $58.98 on Friday. The firm has a market cap of $3.33 billion, a P/E ratio of 8.00, a PEG ratio of 0.78 and a beta of 0.79. Amc Networks has a 1-year low of $46.89 and a 1-year high of $69.02. The company has a debt-to-equity ratio of 16.00, a quick ratio of 2.46 and a current ratio of 2.46.
A number of analysts have recently commented on AMCX shares. BidaskClub raised shares of Amc Networks from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Zacks Investment Research lowered shares of Amc Networks from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. ValuEngine raised shares of Amc Networks from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Guggenheim reissued a “hold” rating and issued a $58.00 price objective on shares of Amc Networks in a research report on Friday, July 13th. Finally, Imperial Capital started coverage on shares of Amc Networks in a research report on Thursday, July 19th. They issued an “in-line” rating and a $65.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $61.26.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. increased its holdings in Amc Networks by 41.9% during the third quarter. Meeder Asset Management Inc. now owns 10,236 shares of the company’s stock worth $678,000 after buying an additional 3,022 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Amc Networks by 1.2% during the third quarter. Wells Fargo & Company MN now owns 398,880 shares of the company’s stock worth $26,461,000 after buying an additional 4,660 shares during the last quarter. Pettee Investors Inc. increased its holdings in Amc Networks by 24.2% during the third quarter. Pettee Investors Inc. now owns 10,867 shares of the company’s stock worth $721,000 after buying an additional 2,115 shares during the last quarter. Hussman Strategic Advisors Inc. increased its holdings in Amc Networks by 5.2% during the third quarter. Hussman Strategic Advisors Inc. now owns 26,300 shares of the company’s stock worth $1,745,000 after buying an additional 1,300 shares during the last quarter. Finally, Ardevora Asset Management LLP acquired a new position in Amc Networks during the third quarter worth $14,770,000. Institutional investors and hedge funds own 84.41% of the company’s stock.
About Amc Networks
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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