AMC Networks Inc Expected to Earn Q4 2017 Earnings of $1.42 Per Share (AMCX)

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.

AMCX has been the topic of several other reports. TheStreet lowered shares of AMC Networks from a “b-” rating to a “c” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded shares of AMC Networks from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, January 2nd. Morgan Stanley lowered their price target on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 31st. Loop Capital lowered their price target on shares of AMC Networks from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Finally, ValuEngine upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $61.42.

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.

WARNING: This report was first published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3147221/amc-networks-inc-expected-to-earn-q4-2017-earnings-of-1-42-per-share-amcx.html.

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.

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

Receive News & Ratings for AMC Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.