AMC Networks Inc. (NASDAQ:AMCX) – Research analysts at Jefferies Group increased their FY2017 EPS estimates for AMC Networks in a report released on Thursday, Zacks Investment Research reports. Jefferies Group analyst J. Janedis now expects that the company will post earnings of $7.20 per share for the year, up from their previous estimate of $6.77. Jefferies Group has a “Hold” rating and a $55.00 price objective on the stock. Jefferies Group also issued estimates for AMC Networks’ Q4 2017 earnings at $1.54 EPS, Q1 2018 earnings at $2.23 EPS, Q2 2018 earnings at $1.87 EPS, Q3 2018 earnings at $1.65 EPS, Q4 2018 earnings at $1.69 EPS, FY2018 earnings at $7.43 EPS, FY2019 earnings at $8.03 EPS, FY2020 earnings at $8.85 EPS and FY2021 earnings at $9.33 EPS.
AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.53. The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $660.79 million. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share.
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Other equities analysts also recently issued reports about the stock. TheStreet upgraded shares of AMC Networks from a “c” rating to a “b-” rating in a report on Friday, July 28th. Morgan Stanley dropped their target price on AMC Networks from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 31st. Loop Capital dropped their target price on AMC Networks from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Piper Jaffray Companies set a $60.00 target price on AMC Networks and gave the company a “hold” rating in a research report on Wednesday, November 1st. Finally, Cowen and Company restated a “hold” rating and issued a $53.00 price objective on shares of AMC Networks in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $59.62.
Shares of AMC Networks (NASDAQ AMCX) traded down $0.04 during trading on Monday, reaching $47.93. 871,400 shares of the company’s stock were exchanged, compared to its average volume of 746,948. The company has a market capitalization of $2,967.57, a P/E ratio of 6.89, a PEG ratio of 0.90 and a beta of 1.09. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57. AMC Networks has a fifty-two week low of $46.89 and a fifty-two week high of $67.61.
Several hedge funds and other institutional investors have recently modified their holdings of AMCX. Advisor Group Inc. raised its position in shares of AMC Networks by 24.4% during the 2nd quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock worth $112,000 after acquiring an additional 414 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in AMC Networks by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock worth $116,000 after buying an additional 181 shares during the period. Americafirst Capital Management LLC acquired a new position in AMC Networks during the second quarter worth approximately $153,000. Riverhead Capital Management LLC increased its position in AMC Networks by 69.9% during the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock worth $172,000 after buying an additional 1,328 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in AMC Networks by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock worth $175,000 after buying an additional 88 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.
About AMC Networks
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. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
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