Wall Street analysts forecast that Amc Networks Inc (NASDAQ:AMCX) will post $740.31 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Amc Networks’ earnings. The lowest sales estimate is $735.61 million and the highest is $745.00 million. Amc Networks reported sales of $696.88 million during the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The company is expected to announce its next quarterly earnings report on Thursday, November 7th.
According to Zacks, analysts expect that Amc Networks will report full-year sales of $3.09 billion for the current fiscal year, with estimates ranging from $3.08 billion to $3.10 billion. For the next year, analysts forecast that the firm will post sales of $3.18 billion, with estimates ranging from $3.15 billion to $3.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Amc Networks.
Amc Networks (NASDAQ:AMCX) last announced its earnings results on Wednesday, July 31st. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.65. The firm had revenue of $772.30 million for the quarter, compared to analysts’ expectations of $783.03 million. Amc Networks had a net margin of 15.04% and a return on equity of 127.16%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.93 EPS.
Shares of NASDAQ AMCX traded up $0.71 during mid-day trading on Monday, hitting $50.37. 8,023 shares of the company’s stock traded hands, compared to its average volume of 623,266. The company’s 50-day moving average is $53.34 and its two-hundred day moving average is $57.10. The company has a debt-to-equity ratio of 5.80, a current ratio of 2.65 and a quick ratio of 2.65. The company has a market capitalization of $2.81 billion, a P/E ratio of 5.77, a PEG ratio of 0.63 and a beta of 0.85. Amc Networks has a 1 year low of $48.83 and a 1 year high of $68.42.
In other news, EVP James Gallagher sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $54.61, for a total transaction of $273,050.00. Following the transaction, the executive vice president now directly owns 15,689 shares in the company, valued at $856,776.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Sean S. Sullivan sold 27,232 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $54.61, for a total transaction of $1,487,139.52. Following the completion of the sale, the chief financial officer now owns 40,090 shares of the company’s stock, valued at $2,189,314.90. The disclosure for this sale can be found here. Corporate insiders own 21.29% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in AMCX. AQR Capital Management LLC boosted its stake in Amc Networks by 57.6% in the second quarter. AQR Capital Management LLC now owns 2,557,614 shares of the company’s stock valued at $138,674,000 after acquiring an additional 934,831 shares in the last quarter. BlackRock Inc. boosted its stake in Amc Networks by 15.9% in the first quarter. BlackRock Inc. now owns 6,028,978 shares of the company’s stock valued at $342,203,000 after acquiring an additional 825,811 shares in the last quarter. AJO LP acquired a new stake in Amc Networks in the first quarter valued at approximately $41,625,000. JPMorgan Chase & Co. boosted its stake in Amc Networks by 205.7% in the first quarter. JPMorgan Chase & Co. now owns 723,763 shares of the company’s stock valued at $41,081,000 after acquiring an additional 487,042 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Amc Networks by 57.4% in the second quarter. Nuveen Asset Management LLC now owns 675,151 shares of the company’s stock valued at $36,789,000 after acquiring an additional 246,275 shares in the last quarter. Institutional investors own 84.37% of the company’s stock.
Amc Networks Company Profile
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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