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.

Earnings History and Estimates for AMC Networks (NASDAQ:AMCX)

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.

5 Day Chart for NASDAQ:AMCX

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.