Brokerages expect Amc Networks Inc (NASDAQ:AMCX) to announce earnings per share (EPS) of $1.82 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Amc Networks’ earnings, with the lowest EPS estimate coming in at $1.69 and the highest estimate coming in at $1.94. Amc Networks reported earnings per share of $1.68 in the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The business is expected to announce its next earnings report on Thursday, March 7th.
On average, analysts expect that Amc Networks will report full-year earnings of $8.34 per share for the current fiscal year, with EPS estimates ranging from $8.12 to $8.67. For the next fiscal year, analysts expect that the firm will post earnings of $8.36 per share, with EPS estimates ranging from $7.75 to $9.01. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Amc Networks.
Amc Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Thursday, November 1st. The company reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.37. Amc Networks had a net margin of 17.76% and a return on equity of 221.77%. The business had revenue of $696.87 million for the quarter, compared to analyst estimates of $693.20 million. During the same quarter last year, the business earned $1.68 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis.
A number of brokerages recently weighed in on AMCX. Goldman Sachs Group cut shares of Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 target price for the company. in a report on Thursday, October 4th. ValuEngine upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Zacks Investment Research cut shares of Amc Networks from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Deutsche Bank raised their target price on shares of Amc Networks from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Monday, November 5th. Finally, BidaskClub upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a report on Friday, September 28th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $62.20.
A number of institutional investors have recently bought and sold shares of AMCX. LSV Asset Management boosted its stake in Amc Networks by 31.0% in the 3rd quarter. LSV Asset Management now owns 2,670,585 shares of the company’s stock worth $177,166,000 after purchasing an additional 631,430 shares during the period. Ardevora Asset Management LLP acquired a new position in Amc Networks in the 3rd quarter worth approximately $14,770,000. Matarin Capital Management LLC acquired a new position in Amc Networks in the 3rd quarter worth approximately $13,052,000. Millennium Management LLC boosted 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 worth $13,894,000 after purchasing an additional 170,997 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Amc Networks in the 2nd quarter worth approximately $8,754,000. 85.97% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:AMCX traded down $0.12 during trading hours on Friday, reaching $58.06. 671,507 shares of the company’s stock were exchanged, compared to its average volume of 703,806. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.82 and a beta of 0.84. Amc Networks has a 12 month low of $48.00 and a 12 month high of $69.02. The company has a debt-to-equity ratio of 10.69, a quick ratio of 2.51 and a current ratio of 2.51.
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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