AMC Networks Inc. (AMCX) Forecasted to Post Q3 2016 Earnings of $1.02 Per Share
AMC Networks Inc. (NASDAQ:AMCX) – Stock analysts at Jefferies Group cut their Q3 2016 earnings estimates for AMC Networks in a research note issued to investors on Monday. Jefferies Group analyst J. Janedis now anticipates that the firm will post earnings of $1.02 per share for the quarter, down from their prior estimate of $1.10. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for AMC Networks’ FY2016 earnings at $5.60 EPS, Q3 2017 earnings at $1.12 EPS and FY2018 earnings at $6.54 EPS.
AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.28 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.28. AMC Networks had a return on equity of 1,153.89% and a net margin of 13.08%. The business earned $685 million during the quarter, compared to analyst estimates of $676.87 million. During the same period in the previous year, the firm earned $1.14 EPS. AMC Networks’s quarterly revenue was up 14.0% compared to the same quarter last year.
A number of other analysts have also commented on AMCX. Albert Fried & Company reissued a “buy” rating and set a $97.00 price target on shares of AMC Networks in a research note on Wednesday, June 22nd. Zacks Investment Research lowered AMC Networks from a “hold” rating to a “sell” rating in a research note on Monday. Guggenheim cut their price target on AMC Networks from $77.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday. TheStreet lowered AMC Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Loop Capital reissued a “hold” rating and set a $60.00 price target on shares of AMC Networks in a research note on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.13.
AMC Networks (NASDAQ:AMCX) opened at 49.97 on Tuesday. The company has a 50 day moving average price of $52.48 and a 200 day moving average price of $59.00. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 10.40 and a beta of 0.84. AMC Networks has a 12 month low of $49.93 and a 12 month high of $83.78.
Several hedge funds and other institutional investors have recently made changes to their positions in AMCX. I.G. Investment Management LTD. boosted its position in shares of AMC Networks by 261.8% in the second quarter. I.G. Investment Management LTD. now owns 1,780 shares of the company’s stock valued at $108,000 after buying an additional 1,288 shares during the last quarter. Advisor Group Inc. bought a new position in shares of AMC Networks during the second quarter valued at about $120,000. Acrospire Investment Management LLC boosted its position in shares of AMC Networks by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 3,200 shares of the company’s stock valued at $193,000 after buying an additional 2,400 shares during the last quarter. Wrapmanager Inc. boosted its position in shares of AMC Networks by 4.7% in the second quarter. Wrapmanager Inc. now owns 3,711 shares of the company’s stock valued at $224,000 after buying an additional 168 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of AMC Networks by 66.4% in the second quarter. LS Investment Advisors LLC now owns 3,763 shares of the company’s stock valued at $227,000 after buying an additional 1,501 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors.
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. The Company operates through two segments: National Networks, and International and Other. The National Networks segment principally includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
Receive News & Stock Ratings for AMC Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks Inc. and related stocks with our FREE daily email newsletter.