Wall Street brokerages forecast that Amc Networks Inc (NASDAQ:AMCX) will post earnings per share of $1.64 for the current quarter, according to Zacks. Two analysts have made estimates for Amc Networks’ earnings. The highest EPS estimate is $1.68 and the lowest is $1.60. Amc Networks posted earnings per share of $1.92 in the same quarter last year, which suggests a negative year-over-year growth rate of 14.6%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 27th.
On average, analysts expect that Amc Networks will report full-year earnings of $9.11 per share for the current fiscal year, with EPS estimates ranging from $8.87 to $9.52. For the next financial year, analysts expect that the firm will report earnings of $8.64 per share, with EPS estimates ranging from $8.20 to $9.01. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Amc Networks.
Amc Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Thursday, October 31st. The company reported $2.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.65. The business had revenue of $718.60 million during the quarter, compared to analysts’ expectations of $734.61 million. Amc Networks had a net margin of 15.12% and a return on equity of 106.13%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.15 EPS.
AMCX stock opened at $38.23 on Monday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 4.40, a PEG ratio of 0.46 and a beta of 0.76. The firm’s 50-day moving average price is $41.83 and its two-hundred day moving average price is $49.53. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 5.00. Amc Networks has a 12-month low of $36.29 and a 12-month high of $68.42.
Several institutional investors have recently modified their holdings of the stock. TRUE Private Wealth Advisors bought a new position in shares of Amc Networks during the second quarter valued at approximately $29,000. Resources Investment Advisors LLC. purchased a new position in shares of Amc Networks in the 2nd quarter worth about $44,000. Quadrant Capital Group LLC grew its position in Amc Networks by 152.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,227 shares of the company’s stock valued at $56,000 after purchasing an additional 740 shares during the last quarter. Golden State Wealth Management LLC grew its position in Amc Networks by 92.3% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,250 shares of the company’s stock valued at $61,000 after purchasing an additional 600 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Amc Networks during the 3rd quarter valued at about $78,000. Institutional investors own 87.28% of the company’s stock.
About Amc Networks
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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