Amc Networks Inc (NASDAQ:AMCX) – Research analysts at Imperial Capital decreased their Q1 2019 earnings per share estimates for shares of Amc Networks in a note issued to investors on Thursday, November 1st. Imperial Capital analyst D. Miller now forecasts that the company will post earnings per share of $2.81 for the quarter, down from their prior estimate of $2.82. Imperial Capital currently has a “In-Line” rating and a $65.00 target price on the stock. Imperial Capital also issued estimates for Amc Networks’ Q2 2019 earnings at $2.18 EPS, Q4 2019 earnings at $2.12 EPS and FY2019 earnings at $9.10 EPS.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Amc Networks from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. ValuEngine upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a research report on Wednesday. Guggenheim restated a “hold” rating and issued a $58.00 price target on shares of Amc Networks in a research report on Friday, July 13th. JPMorgan Chase & Co. upped their price target on shares of Amc Networks from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday. Finally, BidaskClub upgraded shares of Amc Networks from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Amc Networks currently has a consensus rating of “Hold” and an average target price of $62.40.
AMCX stock opened at $58.98 on Friday. Amc Networks has a 12 month low of $46.89 and a 12 month high of $69.02. The company has a market cap of $3.36 billion, a P/E ratio of 7.01, a price-to-earnings-growth ratio of 0.78 and a beta of 0.79. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 16.00.
Amc Networks (NASDAQ:AMCX) last released its earnings results on Thursday, November 1st. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.78 by $0.37. Amc Networks had a net margin of 17.76% and a return on equity of 244.50%. The business had revenue of $696.87 million during the quarter, compared to analyst estimates of $693.20 million. During the same period in the prior year, the business earned $1.68 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis.
Several large investors have recently modified their holdings of AMCX. Ardevora Asset Management LLP purchased a new stake in shares of Amc Networks in the 3rd quarter valued at approximately $14,770,000. Millennium Management LLC increased its stake in Amc Networks by 326.5% in the 2nd quarter. Millennium Management LLC now owns 223,369 shares of the company’s stock valued at $13,894,000 after buying an additional 170,997 shares during the period. WINTON GROUP Ltd acquired a new position in Amc Networks in the 2nd quarter valued at approximately $8,754,000. Dimensional Fund Advisors LP increased its stake in Amc Networks by 32.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 567,798 shares of the company’s stock valued at $29,355,000 after buying an additional 139,992 shares during the period. Finally, LSV Asset Management increased its stake in Amc Networks by 7.4% in the 2nd quarter. LSV Asset Management now owns 2,039,155 shares of the company’s stock valued at $126,835,000 after buying an additional 139,775 shares during the period. 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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