Analysts Offer Predictions for AMC Networks Inc.’s Q3 2016 Earnings (AMCX)
AMC Networks Inc. (NASDAQ:AMCX) – FBN Securities issued their Q3 2016 earnings per share (EPS) estimates for AMC Networks in a research report issued on Thursday. FBN Securities analyst R. Routh anticipates that the firm will post earnings of $1.07 per share for the quarter. FBN Securities has a “Outperform” rating on the stock. FBN Securities also issued estimates for AMC Networks’ Q4 2016 earnings at $1.36 EPS, Q1 2017 earnings at $2.11 EPS, Q2 2017 earnings at $1.39 EPS, Q3 2017 earnings at $1.41 EPS, Q4 2017 earnings at $1.14 EPS, FY2017 earnings at $6.05 EPS, FY2018 earnings at $6.46 EPS, FY2019 earnings at $6.89 EPS and FY2020 earnings at $7.21 EPS.
A number of other analysts have also commented on AMCX. Credit Agricole SA set a $89.00 price objective on AMC Networks and gave the stock a “buy” rating in a research report on Saturday, September 17th. Zacks Investment Research lowered AMC Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Nomura decreased their target price on AMC Networks from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, September 22nd. FBR & Co started coverage on AMC Networks in a research report on Thursday, October 6th. They set an “outperform” rating for the company. Finally, Guggenheim decreased their target price on AMC Networks from $77.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $73.13.
Shares of AMC Networks (NASDAQ:AMCX) opened at 49.97 on Monday. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 10.40 and a beta of 0.84. The stock has a 50 day moving average of $52.48 and a 200-day moving average of $59.00. AMC Networks has a 52-week low of $49.93 and a 52-week high of $83.78.
AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.28. The business earned $685 million during the quarter, compared to analyst estimates of $676.87 million. AMC Networks had a net margin of 13.08% and a return on equity of 1,153.89%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the company. I.G. Investment Management LTD. raised its position in AMC Networks by 261.8% in the second quarter. I.G. Investment Management LTD. now owns 1,780 shares of the company’s stock worth $108,000 after buying an additional 1,288 shares during the last quarter. Advisor Group Inc. acquired a new position in AMC Networks during the second quarter worth $120,000. Acrospire Investment Management LLC raised its position in AMC Networks by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 3,200 shares of the company’s stock worth $193,000 after buying an additional 2,400 shares during the last quarter. Wrapmanager Inc. raised its position in AMC Networks by 4.7% in the second quarter. Wrapmanager Inc. now owns 3,711 shares of the company’s stock worth $224,000 after buying an additional 168 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in AMC Networks by 66.4% in the second quarter. LS Investment Advisors LLC now owns 3,763 shares of the company’s stock worth $227,000 after buying an additional 1,501 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.
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.
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