Zacks: Analysts Anticipate AMC Networks Inc. (AMCX) to Post $1.51 EPS

Brokerages predict that AMC Networks Inc. (NASDAQ:AMCX) will announce earnings per share of $1.51 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for AMC Networks’ earnings, with the highest EPS estimate coming in at $1.62 and the lowest estimate coming in at $1.41. AMC Networks posted earnings per share of $1.30 during the same quarter last year, which suggests a positive year over year growth rate of 16.2%. The business is scheduled to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that AMC Networks will report full-year earnings of $7.01 per share for the current fiscal year, with EPS estimates ranging from $6.70 to $7.24. For the next year, analysts forecast that the business will report earnings of $6.97 per share, with EPS estimates ranging from $6.11 to $7.65. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow AMC Networks.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.53. The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $660.79 million. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.11 earnings per share.

Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of AMC Networks from a “strong sell” rating to a “sell” rating in a research report on Tuesday. ValuEngine raised shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Jefferies Group reaffirmed a “hold” rating and set a $65.00 target price on shares of AMC Networks in a report on Tuesday, September 12th. Piper Jaffray Companies set a $60.00 target price on shares of AMC Networks and gave the stock a “hold” rating in a report on Wednesday, November 1st. Finally, Loop Capital lowered their target price on shares of AMC Networks from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $61.73.

A number of institutional investors have recently modified their holdings of the business. World Asset Management Inc boosted its position in AMC Networks by 0.3% in the second quarter. World Asset Management Inc now owns 3,972 shares of the company’s stock valued at $212,000 after buying an additional 12 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in AMC Networks by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after buying an additional 88 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in AMC Networks by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after buying an additional 181 shares in the last quarter. RNC Capital Management LLC boosted its position in AMC Networks by 4.5% in the second quarter. RNC Capital Management LLC now owns 4,662 shares of the company’s stock valued at $249,000 after buying an additional 200 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in AMC Networks by 1.9% in the second quarter. Neuberger Berman Group LLC now owns 11,537 shares of the company’s stock valued at $616,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Shares of AMC Networks (AMCX) traded down $0.30 during mid-day trading on Friday, reaching $56.17. 840,300 shares of the company’s stock traded hands, compared to its average volume of 761,490. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57. The firm has a market capitalization of $3,480.00, a P/E ratio of 8.11, a PEG ratio of 1.06 and a beta of 1.10. AMC Networks has a 1 year low of $46.89 and a 1 year high of $67.61.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://stocknewstimes.com/2018/01/12/zacks-analysts-anticipate-amc-networks-inc-amcx-to-post-1-51-eps.html.

AMC Networks Company Profile

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.

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

Leave a Reply