Research Analysts Issue Forecasts for AMC Networks Inc’s FY2017 Earnings (AMCX)

AMC Networks Inc (NASDAQ:AMCX) – Research analysts at Jefferies Group lowered their FY2017 EPS estimates for AMC Networks in a report released on Wednesday. Jefferies Group analyst J. Janedis now expects that the company will earn $7.08 per share for the year, down from their prior forecast of $7.20. Jefferies Group has a “Hold” rating and a $55.00 price target on the stock. Jefferies Group also issued estimates for AMC Networks’ Q1 2018 earnings at $2.10 EPS, Q2 2018 earnings at $1.82 EPS, Q3 2018 earnings at $1.58 EPS, Q4 2018 earnings at $1.40 EPS and FY2018 earnings at $6.90 EPS.

Other equities analysts have also recently issued research reports about the company. TheStreet upgraded AMC Networks from a “c” rating to a “b-” rating in a report on Thursday, December 21st. Zacks Investment Research upgraded AMC Networks from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Tuesday, January 2nd. ValuEngine upgraded AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Morgan Stanley lowered their target price on AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, October 31st. Finally, Loop Capital lowered their target price on AMC Networks from $60.00 to $55.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. AMC Networks has a consensus rating of “Hold” and a consensus price target of $61.42.

AMC Networks (NASDAQ:AMCX) opened at $53.97 on Friday. The stock has a market capitalization of $3,420.00, a PE ratio of 10.64, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10. The company has a debt-to-equity ratio of 37.53, a quick ratio of 2.57 and a current ratio of 2.57. AMC Networks has a 1-year low of $46.89 and a 1-year high of $67.61.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.53. The firm had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $660.79 million. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS.

Several hedge funds and other institutional investors have recently made changes to their positions in AMCX. Cascade Investment Advisors Inc. acquired a new stake in AMC Networks in the 4th quarter valued at about $1,269,000. Schwab Charles Investment Management Inc. lifted its stake in AMC Networks by 18.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the company’s stock valued at $20,080,000 after purchasing an additional 59,148 shares during the last quarter. AXA lifted its stake in AMC Networks by 468.7% in the 3rd quarter. AXA now owns 245,100 shares of the company’s stock valued at $14,331,000 after purchasing an additional 202,000 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in AMC Networks by 24.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,061 shares of the company’s stock valued at $3,161,000 after purchasing an additional 10,539 shares during the last quarter. Finally, Dean Investment Associates LLC lifted its stake in AMC Networks by 4.3% in the 3rd quarter. Dean Investment Associates LLC now owns 109,710 shares of the company’s stock valued at $6,415,000 after purchasing an additional 4,515 shares during the last quarter. Institutional investors own 86.88% of the company’s stock.

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About AMC Networks

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)

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