AMC Networks Inc (NASDAQ:AMCX) – Stock analysts at Jefferies Group dropped their Q4 2017 earnings per share estimates for shares of AMC Networks in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the company will earn $1.42 per share for the quarter, down from their prior estimate of $1.54. Jefferies Group currently has a “Hold” rating and a $55.00 target price on the stock.
AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The firm had revenue of $648.00 million for the quarter, compared to analyst estimates of $660.79 million. During the same period in the previous year, the business earned $1.11 EPS. The company’s revenue was up 2.1% compared to the same quarter last year.
Shares of AMC Networks (AMCX) opened at $53.97 on Thursday. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57. AMC Networks has a 52 week low of $46.89 and a 52 week high of $67.61. The stock has a market cap of $3,262.66, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10.
Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of AMC Networks by 2.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after acquiring an additional 88 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of AMC Networks by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after acquiring an additional 181 shares during the period. RNC Capital Management LLC boosted its holdings in shares of AMC Networks by 4.5% during the 2nd quarter. RNC Capital Management LLC now owns 4,662 shares of the company’s stock worth $249,000 after buying an additional 200 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of AMC Networks by 1.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,537 shares of the company’s stock worth $616,000 after buying an additional 219 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of AMC Networks by 4.9% during the 2nd quarter. HighTower Advisors LLC now owns 5,718 shares of the company’s stock worth $289,000 after buying an additional 268 shares during the period. 86.88% of the stock is owned by institutional investors.
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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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