AMC Networks (AMCX) to Release Earnings on Thursday


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.

Further reading

Earnings History for AMC Networks (NASDAQ:AMCX)



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