Amc Networks (NASDAQ:AMCX) issued its earnings results on Thursday. The company reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.37, MarketWatch Earnings reports. Amc Networks had a net margin of 17.22% and a return on equity of 278.30%. The business had revenue of $696.87 million for the quarter, compared to the consensus estimate of $693.20 million. During the same quarter last year, the firm posted $1.68 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year.
Amc Networks stock traded down $0.84 during midday trading on Thursday, hitting $57.74. 35,861 shares of the stock were exchanged, compared to its average volume of 907,322. Amc Networks has a 1 year low of $46.89 and a 1 year high of $69.02. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.76 and a beta of 0.69. The company has a debt-to-equity ratio of 16.00, a current ratio of 2.46 and a quick ratio of 2.46.
A number of brokerages have recently commented on AMCX. Goldman Sachs Group downgraded shares of Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 target price on the stock. in a research note on Thursday, October 4th. BidaskClub raised shares of Amc Networks from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. ValuEngine raised shares of Amc Networks from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. Guggenheim reissued a “hold” rating and issued a $58.00 target price on shares of Amc Networks in a research note on Friday, July 13th. Finally, Imperial Capital began coverage on shares of Amc Networks in a research note on Thursday, July 19th. They issued an “in-line” rating and a $65.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $60.88.
Amc Networks Company Profile
AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.
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