Zacks: Analysts Expect Amc Networks Inc (NASDAQ:AMCX) Will Announce Earnings of $1.69 Per Share

Equities analysts expect that Amc Networks Inc (NASDAQ:AMCX) will report $1.69 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Amc Networks’ earnings. The highest EPS estimate is $1.90 and the lowest is $1.51. Amc Networks posted earnings per share of $2.15 during the same quarter last year, which would suggest a negative year over year growth rate of 21.4%. The business is scheduled to report its next earnings results on Thursday, November 7th.

On average, analysts expect that Amc Networks will report full year earnings of $8.73 per share for the current fiscal year, with EPS estimates ranging from $8.52 to $9.10. For the next year, analysts anticipate that the company will report earnings of $8.92 per share, with EPS estimates ranging from $8.15 to $9.75. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Amc Networks.

Amc Networks (NASDAQ:AMCX) last released its earnings results on Wednesday, July 31st. The company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.65. The firm had revenue of $772.30 million for the quarter, compared to analysts’ expectations of $783.03 million. Amc Networks had a return on equity of 127.16% and a net margin of 15.04%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.93 earnings per share.

Several research analysts recently issued reports on AMCX shares. Gabelli reissued a “buy” rating on shares of Amc Networks in a research note on Tuesday, June 11th. Zacks Investment Research cut Amc Networks from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Wolfe Research raised Amc Networks from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 30th. ValuEngine cut Amc Networks from a “sell” rating to a “strong sell” rating in a research note on Monday, July 22nd. Finally, BidaskClub raised Amc Networks from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $60.20.

NASDAQ:AMCX traded up $0.71 during midday trading on Friday, hitting $50.37. The stock had a trading volume of 8,023 shares, compared to its average volume of 623,266. Amc Networks has a one year low of $48.83 and a one year high of $68.42. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 5.77, a PEG ratio of 0.63 and a beta of 0.85. The stock has a 50-day moving average of $53.34 and a 200 day moving average of $57.10. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 5.80.

In related news, EVP James Gallagher sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $54.61, for a total value of $273,050.00. Following the transaction, the executive vice president now directly owns 15,689 shares of the company’s stock, valued at approximately $856,776.29. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sean S. Sullivan sold 27,232 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $54.61, for a total value of $1,487,139.52. Following the completion of the transaction, the chief financial officer now directly owns 40,090 shares in the company, valued at $2,189,314.90. The disclosure for this sale can be found here. 21.29% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMCX. AQR Capital Management LLC increased its position in shares of Amc Networks by 57.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,557,614 shares of the company’s stock valued at $138,674,000 after acquiring an additional 934,831 shares during the period. BlackRock Inc. grew its position in Amc Networks by 15.9% during the 1st quarter. BlackRock Inc. now owns 6,028,978 shares of the company’s stock worth $342,203,000 after purchasing an additional 825,811 shares during the period. AJO LP acquired a new stake in Amc Networks during the 1st quarter worth about $41,625,000. JPMorgan Chase & Co. grew its position in Amc Networks by 205.7% during the 1st quarter. JPMorgan Chase & Co. now owns 723,763 shares of the company’s stock worth $41,081,000 after purchasing an additional 487,042 shares during the period. Finally, Nuveen Asset Management LLC grew its position in Amc Networks by 57.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 675,151 shares of the company’s stock worth $36,789,000 after purchasing an additional 246,275 shares during the period. 84.37% of the stock is currently owned by hedge funds and other institutional investors.

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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