Wall Street brokerages forecast that AMC Networks (NASDAQ:AMCX) will report sales of $720.66 million for the current quarter, according to Zacks. Four analysts have provided estimates for AMC Networks’ earnings, with estimates ranging from $717.92 million to $725.10 million. AMC Networks reported sales of $720.19 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.1%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, May 10th.
According to Zacks, analysts expect that AMC Networks will report full-year sales of $2.88 billion for the current year, with estimates ranging from $2.84 billion to $2.92 billion. For the next financial year, analysts anticipate that the company will post sales of $2.96 billion per share, with estimates ranging from $2.85 billion to $3.04 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for AMC Networks.
AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, March 1st. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.19. The business had revenue of $726.93 million during the quarter, compared to the consensus estimate of $730.82 million. AMC Networks had a net margin of 16.80% and a return on equity of 531.46%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 earnings per share.
AMCX has been the topic of several research analyst reports. BidaskClub cut shares of AMC Networks from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 15th. TheStreet raised shares of AMC Networks from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. Zacks Investment Research cut shares of AMC Networks from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. ValuEngine cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Macquarie cut shares of AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 price target on the stock. in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $59.55.
A number of hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in AMC Networks by 46.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the company’s stock valued at $172,000 after acquiring an additional 1,008 shares during the last quarter. Clark Capital Management Group Inc. lifted its holdings in AMC Networks by 8.0% in the 4th quarter. Clark Capital Management Group Inc. now owns 15,264 shares of the company’s stock valued at $825,000 after acquiring an additional 1,129 shares during the last quarter. ING Groep NV lifted its holdings in AMC Networks by 19.2% in the 4th quarter. ING Groep NV now owns 7,602 shares of the company’s stock valued at $411,000 after acquiring an additional 1,224 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in AMC Networks by 71.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,686 shares of the company’s stock valued at $200,000 after acquiring an additional 1,537 shares during the last quarter. Finally, Alambic Investment Management L.P. lifted its holdings in AMC Networks by 8.6% in the 4th quarter. Alambic Investment Management L.P. now owns 22,200 shares of the company’s stock valued at $1,201,000 after acquiring an additional 1,760 shares during the last quarter. 90.42% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ AMCX traded up $0.21 during midday trading on Monday, reaching $52.18. 239,715 shares of the stock were exchanged, compared to its average volume of 669,888. The company has a market cap of $3,169.74, a PE ratio of 7.11, a price-to-earnings-growth ratio of 0.88 and a beta of 0.79. AMC Networks has a 52-week low of $46.89 and a 52-week high of $67.44. The company has a debt-to-equity ratio of 19.07, a current ratio of 2.53 and a quick ratio of 2.53.
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AMC Networks Company Profile
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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