Zacks: Analysts Expect Amc Networks Inc (NASDAQ:AMCX) to Announce $1.64 Earnings Per Share

Share on StockTwits

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 has been the subject of a number of analyst reports. Deutsche Bank dropped their target price on shares of Amc Networks from $60.00 to $49.00 and set a “hold” rating for the company in a report on Monday, November 4th. They noted that the move was a valuation call. Morgan Stanley set a $55.00 price target on Amc Networks and gave the company a “hold” rating in a report on Friday, November 1st. BidaskClub lowered Amc Networks from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 17th. Wells Fargo & Co started coverage on Amc Networks in a report on Monday, September 23rd. They issued a “market perform” rating and a $58.00 price objective for the company. Finally, Imperial Capital dropped their price target on Amc Networks from $39.00 to $35.00 and set an “underperform” rating for the company in a research note on Monday, November 25th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.85.

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.

Further Reading: What is an overbought condition?

Get a free copy of the Zacks research report on Amc Networks (AMCX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Founders Capital Management Sells 500 Shares of Weingarten Realty Investors
Founders Capital Management Sells 500 Shares of Weingarten Realty Investors
Founders Capital Management Has $28,000 Stock Holdings in Genworth Financial Inc
Founders Capital Management Has $28,000 Stock Holdings in Genworth Financial Inc
Comcast Co.  Stake Boosted by 10 15 Associates Inc.
Comcast Co. Stake Boosted by 10 15 Associates Inc.
10 15 Associates Inc. Has $2.27 Million Stake in Air Products & Chemicals, Inc.
10 15 Associates Inc. Has $2.27 Million Stake in Air Products & Chemicals, Inc.
10 15 Associates Inc. Has $2.86 Million Stock Holdings in CVS Health Corp
10 15 Associates Inc. Has $2.86 Million Stock Holdings in CVS Health Corp
10 15 Associates Inc. Grows Stock Holdings in Canadian Pacific Railway Ltd
10 15 Associates Inc. Grows Stock Holdings in Canadian Pacific Railway Ltd


© 2006-2020 Ticker Report