Equities analysts expect that Amc Networks Inc (NASDAQ:AMCX) will report earnings of $1.85 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Amc Networks’ earnings, with estimates ranging from $1.69 to $1.97. Amc Networks reported earnings per share of $1.68 during the same quarter last year, which indicates a positive year-over-year growth rate of 10.1%. The business is scheduled to announce its next earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Amc Networks will report full year earnings of $8.27 per share for the current year, with EPS estimates ranging from $8.05 to $8.67. For the next fiscal year, analysts forecast that the company will report earnings of $8.43 per share, with EPS estimates ranging from $7.75 to $9.10. Zacks’ EPS averages 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 data on Thursday, November 1st. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.37. The business had revenue of $696.87 million during the quarter, compared to the consensus estimate of $693.20 million. Amc Networks had a net margin of 17.76% and a return on equity of 221.77%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS.

Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of Amc Networks from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Deutsche Bank boosted their price objective on shares of Amc Networks from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Monday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Amc Networks from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Finally, ValuEngine upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Amc Networks has an average rating of “Hold” and an average price target of $62.20.

Shares of NASDAQ:AMCX traded down $1.62 during trading on Thursday, hitting $57.06. 383,661 shares of the company were exchanged, compared to its average volume of 848,158. The company has a market capitalization of $3.33 billion, a PE ratio of 7.74, a P/E/G ratio of 0.78 and a beta of 0.79. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 10.69. Amc Networks has a 12-month low of $48.00 and a 12-month high of $69.02.

Several institutional investors have recently made changes to their positions in AMCX. LSV Asset Management increased its holdings in shares of Amc Networks by 31.0% in the 3rd quarter. LSV Asset Management now owns 2,670,585 shares of the company’s stock valued at $177,166,000 after acquiring an additional 631,430 shares during the period. Ardevora Asset Management LLP acquired a new position in shares of Amc Networks in the 3rd quarter valued at $14,770,000. Matarin Capital Management LLC acquired a new position in shares of Amc Networks in the 3rd quarter valued at $13,052,000. Millennium Management LLC increased its holdings in shares of Amc Networks by 326.5% in the 2nd quarter. Millennium Management LLC now owns 223,369 shares of the company’s stock valued at $13,894,000 after acquiring an additional 170,997 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in shares of Amc Networks in the 2nd quarter valued at $8,754,000. 87.03% of the stock is currently owned by institutional investors and hedge funds.

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

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