AMC Networks (NASDAQ:AMCX) Releases Earnings Results, Misses Expectations By $0.13 EPS

AMC Networks (NASDAQ:AMCX) posted its quarterly earnings data on Friday. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.13), Zacks reports. The firm had revenue of $561.74 million for the quarter, compared to analyst estimates of $549.27 million. AMC Networks had a positive return on equity of 15.73% and a negative net margin of 7.42%.The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. AMC Networks updated its FY 2025 guidance to EPS.

AMC Networks Stock Up 3.7%

Shares of AMCX stock traded up $0.27 on Friday, hitting $7.52. The stock had a trading volume of 581,879 shares, compared to its average volume of 536,805. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.07 and a quick ratio of 2.07. The business has a 50 day moving average of $7.75 and a 200 day moving average of $6.86. AMC Networks has a 12-month low of $5.41 and a 12-month high of $10.60. The stock has a market cap of $326.25 million, a price-to-earnings ratio of -1.72 and a beta of 1.43.

Institutional Investors Weigh In On AMC Networks

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of AMC Networks in the 2nd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. increased its position in shares of AMC Networks by 133.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,786 shares of the company’s stock valued at $30,000 after acquiring an additional 2,735 shares during the last quarter. State of Wyoming bought a new stake in AMC Networks during the second quarter worth $51,000. First Trust Advisors LP purchased a new position in AMC Networks in the second quarter worth $63,000. Finally, Cetera Investment Advisers purchased a new position in AMC Networks in the second quarter worth $63,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of AMC Networks in a research report on Wednesday, October 8th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of AMC Networks in a research note on Sunday, August 10th. Finally, Zacks Research cut AMC Networks from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average target price of $5.38.

AMC Networks Company Profile

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.