AMC Networks Inc. (NASDAQ:AMCX) – Stock analysts at Jefferies Group raised their Q3 2017 earnings per share estimates for AMC Networks in a report released on Tuesday. Jefferies Group analyst J. Janedis now forecasts that the company will earn $1.16 per share for the quarter, up from their previous estimate of $0.91. Jefferies Group currently has a “Hold” rating and a $65.00 target price on the stock. Jefferies Group also issued estimates for AMC Networks’ Q4 2017 earnings at $1.63 EPS, Q1 2018 earnings at $2.19 EPS, Q3 2018 earnings at $1.32 EPS, Q4 2018 earnings at $1.83 EPS and FY2018 earnings at $7.18 EPS.
AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.47. AMC Networks had a net margin of 11.40% and a return on equity of 683.16%. The firm had revenue of $710.55 million for the quarter, compared to analyst estimates of $715.23 million. During the same period last year, the firm earned $1.15 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: This piece of content was published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/10/13/q3-2017-earnings-estimate-for-amc-networks-inc-issued-by-jefferies-group-amcx.html.
Several other equities analysts have also recently issued reports on AMCX. BidaskClub upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Thursday, July 13th. TheStreet upgraded shares of AMC Networks from a “c” rating to a “b-” rating in a research note on Friday, July 28th. Sanford C. Bernstein restated a “market perform” rating on shares of AMC Networks in a research note on Tuesday, September 12th. Finally, Cowen and Company restated a “hold” rating and set a $53.00 target price on shares of AMC Networks in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $59.00.
AMC Networks (NASDAQ:AMCX) opened at 53.78 on Thursday. AMC Networks has a 1-year low of $46.17 and a 1-year high of $67.61. The firm has a 50 day moving average of $58.59 and a 200-day moving average of $57.76. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 11.75 and a beta of 1.06.
Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its holdings in AMC Networks by 138.5% in the 2nd quarter. Prudential Financial Inc. now owns 337,589 shares of the company’s stock worth $18,031,000 after acquiring an additional 196,030 shares in the last quarter. First Trust Advisors LP increased its holdings in AMC Networks by 353.3% in the 2nd quarter. First Trust Advisors LP now owns 60,544 shares of the company’s stock worth $3,234,000 after acquiring an additional 47,189 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in AMC Networks by 31.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 9,500 shares of the company’s stock worth $557,000 after acquiring an additional 2,300 shares in the last quarter. Morgan Stanley increased its holdings in AMC Networks by 73.9% in the 1st quarter. Morgan Stanley now owns 509,073 shares of the company’s stock worth $29,873,000 after acquiring an additional 216,261 shares in the last quarter. Finally, UBS Oconnor LLC purchased a new stake in AMC Networks in the 1st quarter worth approximately $4,923,000. 84.99% of the stock is owned by institutional investors.
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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