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.
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.
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.
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