Zacks: Analysts Anticipate Amc Networks Inc (NASDAQ:AMCX) to Post $1.68 EPS

Equities analysts forecast that Amc Networks Inc (NASDAQ:AMCX) will post earnings per share (EPS) of $1.68 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Amc Networks’ earnings. The lowest EPS estimate is $1.63 and the highest is $1.72. Amc Networks reported earnings per share of $2.15 in the same quarter last year, which suggests a negative year-over-year growth rate of 21.9%. The company is expected to issue its next earnings results on Thursday, November 7th.

On average, analysts expect that Amc Networks will report full-year earnings of $8.73 per share for the current financial year, with EPS estimates ranging from $8.52 to $9.10. For the next year, analysts anticipate that the firm will post earnings of $8.95 per share, with EPS estimates ranging from $8.63 to $9.75. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Amc Networks.

Amc Networks (NASDAQ:AMCX) last posted its earnings results on Wednesday, July 31st. The company reported $2.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.65. Amc Networks had a net margin of 15.04% and a return on equity of 127.16%. The business had revenue of $772.30 million for the quarter, compared to analyst estimates of $783.03 million. During the same quarter in the prior year, the firm posted $1.93 EPS. Amc Networks’s revenue was up 1.4% on a year-over-year basis.

A number of research firms have weighed in on AMCX. ValuEngine lowered shares of Amc Networks from a “sell” rating to a “strong sell” rating in a research note on Monday, July 22nd. Wolfe Research upgraded shares of Amc Networks from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 30th. TheStreet cut shares of Amc Networks from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. Zacks Investment Research lowered shares of Amc Networks from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Gabelli reiterated a “buy” rating on shares of Amc Networks in a report on Tuesday, June 11th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $59.83.

Shares of Amc Networks stock traded down $0.52 during trading on Tuesday, hitting $48.64. The company’s stock had a trading volume of 325,584 shares, compared to its average volume of 575,768. The company has a market capitalization of $2.71 billion, a PE ratio of 5.60, a P/E/G ratio of 0.60 and a beta of 0.86. The company has a debt-to-equity ratio of 5.80, a quick ratio of 2.65 and a current ratio of 2.65. Amc Networks has a 52 week low of $46.31 and a 52 week high of $68.42. The company has a fifty day simple moving average of $49.33 and a two-hundred day simple moving average of $54.29.

Several large investors have recently added to or reduced their stakes in AMCX. Macquarie Group Ltd. boosted its stake in shares of Amc Networks by 17.9% in the second quarter. Macquarie Group Ltd. now owns 36,300 shares of the company’s stock valued at $1,978,000 after buying an additional 5,500 shares in the last quarter. Delphi Management Inc. MA boosted its position in Amc Networks by 3.2% during the second quarter. Delphi Management Inc. MA now owns 25,726 shares of the company’s stock worth $1,402,000 after purchasing an additional 790 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Amc Networks by 12.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,934 shares of the company’s stock worth $596,000 after purchasing an additional 1,242 shares in the last quarter. Zacks Investment Management purchased a new stake in Amc Networks during the second quarter worth $1,861,000. Finally, Nuveen Asset Management LLC boosted its position in Amc Networks by 57.4% during the second quarter. Nuveen Asset Management LLC now owns 675,151 shares of the company’s stock worth $36,789,000 after purchasing an additional 246,275 shares in the last quarter. 85.87% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Amc Networks (NASDAQ:AMCX)

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