AMC Networks Inc (NASDAQ:AMCX) – Research analysts at Jefferies Group upped their FY2017 earnings per share estimates for shares of AMC Networks in a research note issued on Tuesday. Jefferies Group analyst J. Janedis now forecasts that the company will earn $6.77 per share for the year, up from their previous estimate of $6.38. Jefferies Group currently has a “Hold” rating and a $65.00 target price on the stock. Jefferies Group also issued estimates for AMC Networks’ Q2 2018 earnings at $1.83 EPS.
Several other research firms have also recently weighed in on AMCX. Zacks Investment Research upgraded AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Thursday, July 13th. BidaskClub upgraded AMC Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet upgraded AMC Networks from a “c” rating to a “b-” rating in a report on Friday, July 28th. Cowen and Company reiterated a “hold” rating and issued a $53.00 price objective on shares of AMC Networks in a report on Thursday, September 21st. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of AMC Networks in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $59.00.
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AMC Networks (AMCX) opened at 55.10 on Wednesday. The firm has a 50-day moving average price of $58.76 and a 200 day moving average price of $57.79. AMC Networks has a 52 week low of $46.17 and a 52 week high of $67.61. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 12.04 and a beta of 1.06.
AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.47. AMC Networks had a return on equity of 1,346.40% and a net margin of 15.15%. The firm had revenue of $710.55 million for the quarter, compared to analyst estimates of $715.23 million. During the same period in the previous year, the firm earned $1.15 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. RNC Capital Management LLC lifted its stake in shares of AMC Networks by 4.5% in the 2nd quarter. RNC Capital Management LLC now owns 4,662 shares of the company’s stock valued at $249,000 after purchasing an additional 200 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in AMC Networks during the second quarter valued at $813,000. Dean Capital Management purchased a new position in AMC Networks during the second quarter valued at $3,605,000. Nomura Holdings Inc. raised its stake in AMC Networks by 265.7% during the second quarter. Nomura Holdings Inc. now owns 23,868 shares of the company’s stock valued at $1,278,000 after buying an additional 17,341 shares during the last quarter. Finally, Americafirst Capital Management LLC purchased a new position in AMC Networks during the second quarter valued at $153,000. Institutional investors own 84.99% of the company’s stock.
AMC Networks Company Profile
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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