AMC Networks Inc. (NASDAQ:AMCX) – Equities research analysts at KeyCorp issued their Q2 2017 earnings per share (EPS) estimates for shares of AMC Networks in a research note issued on Tuesday. KeyCorp analyst A. Hargreaves anticipates that the company will post earnings per share of $1.46 for the quarter. KeyCorp also issued estimates for AMC Networks’ Q3 2017 earnings at $1.32 EPS, Q4 2017 earnings at $1.68 EPS, FY2017 earnings at $6.56 EPS and FY2018 earnings at $6.49 EPS.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Thursday, May 4th. The company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.10. AMC Networks had a net margin of 10.59% and a return on equity of 502.40%. The company had revenue of $720.19 million during the quarter, compared to analysts’ expectations of $720.15 million. During the same quarter in the previous year, the company posted $2.09 earnings per share. AMC Networks’s quarterly revenue was up 1.9% compared to the same quarter last year.

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AMCX has been the topic of several other research reports. Zacks Investment Research lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, April 14th. Deutsche Bank AG reduced their price target on shares of AMC Networks from $65.00 to $61.00 and set a “hold” rating on the stock in a research report on Monday, May 8th. Guggenheim reiterated a “buy” rating and set a $70.00 price target on shares of AMC Networks in a research report on Tuesday, March 28th. BidaskClub upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies lowered shares of AMC Networks from an “overweight” rating to a “neutral” rating in a research report on Monday, April 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $61.79.

AMC Networks (NASDAQ:AMCX) opened at 61.10 on Friday. The stock has a 50 day moving average of $55.15 and a 200-day moving average of $56.59. AMC Networks has a 1-year low of $46.17 and a 1-year high of $67.61. The company has a market cap of $4.07 billion, a PE ratio of 14.84 and a beta of 1.03.

AMC Networks declared that its Board of Directors has authorized a share repurchase program on Wednesday, June 7th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to buy up to 13.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

A number of institutional investors have recently made changes to their positions in AMCX. Opera Trading Capital purchased a new position in shares of AMC Networks during the second quarter worth $1,602,000. Oakbrook Investments LLC purchased a new position in shares of AMC Networks during the second quarter worth $237,000. Tealwood Asset Management Inc. increased its position in shares of AMC Networks by 15.3% in the second quarter. Tealwood Asset Management Inc. now owns 44,964 shares of the company’s stock worth $2,402,000 after buying an additional 5,975 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of AMC Networks by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the company’s stock worth $769,000 after buying an additional 200 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of AMC Networks by 15.0% in the second quarter. LS Investment Advisors LLC now owns 4,376 shares of the company’s stock worth $234,000 after buying an additional 572 shares in the last quarter. 82.10% of the stock is 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. 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.

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

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