AMC Networks (NASDAQ:AMCX – Get Rating) is set to release its earnings data before the market opens on Thursday, May 5th. Analysts expect AMC Networks to post earnings of $2.14 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
AMC Networks (NASDAQ:AMCX – Get Rating) last posted its quarterly earnings results on Wednesday, February 16th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.35. The company had revenue of $803.70 million for the quarter, compared to the consensus estimate of $752.29 million. AMC Networks had a return on equity of 50.80% and a net margin of 8.14%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.72 EPS. On average, analysts expect AMC Networks to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.
AMC Networks stock opened at $32.80 on Thursday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.11. The company has a market capitalization of $1.39 billion, a P/E ratio of 5.66 and a beta of 0.88. The stock’s 50 day moving average is $39.48 and its 200 day moving average is $40.35. AMC Networks has a twelve month low of $32.61 and a twelve month high of $72.80.
In related news, EVP James Gallagher sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $40.00, for a total value of $800,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.56% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in AMC Networks in the fourth quarter valued at $9,380,000. Barclays PLC boosted its holdings in AMC Networks by 9.7% in the fourth quarter. Barclays PLC now owns 47,923 shares of the company’s stock valued at $1,652,000 after purchasing an additional 4,220 shares during the last quarter. BlackRock Inc. boosted its holdings in AMC Networks by 15.5% in the fourth quarter. BlackRock Inc. Now owns 5,219,078 shares of the company’s stock valued at $179,746,000 after purchasing an additional 701,258 shares during the last quarter. Vident Investment Advisory LLC boosted its stake in shares of AMC Networks by 3.6% during the 4th quarter. Vident Investment Advisory LLC now owns 39,401 shares of the company’s stock worth $1,357,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of AMC Networks by 4.8% during the 4th quarter. Deutsche Bank AG now owns 19,725 shares of the company’s stock worth $679,000 after acquiring an additional 905 shares in the last quarter. 76.99% of the stock is currently owned by institutional investors.
AMCX has been the topic of several recent research reports. The Goldman Sachs Group cut their price target on AMC Networks from $58.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 12th. Wells Fargo & Company cut their target price on AMC Networks from $45.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, February 17th. Deutsche Bank Aktiengesellschaft cut their target price on AMC Networks from $45.00 to $32.00 and set a “sell” rating on the stock in a research note on Tuesday, February 22nd. Zacks Investment Research upgraded AMC Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, February 23rd. Finally, StockNews.com upgraded AMC Networks from a “hold” rating to a “buy” rating in a research note on Thursday, April 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, AMC Networks presently has an average rating of “Hold” and a consensus price target of $40.83.
AMC Networks Company Profile (Get Rating)
AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, Domestic Operations, and International and Other.
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