AMC Networks Inc. (NASDAQ:AMCX) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, August 2nd. Analysts expect the company to announce earnings of $1.42 per share for the quarter.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, May 4th. The company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.10. AMC Networks had a return on equity of 502.40% and a net margin of 10.59%. The firm had revenue of $720.19 million during the quarter, compared to analyst estimates of $720.15 million. During the same period in the prior year, the company posted $2.09 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts expect AMC Networks to post $6.40 EPS for the current fiscal year and $6.85 EPS for the next fiscal year.

AMC Networks Inc. (NASDAQ:AMCX) opened at 61.96 on Wednesday. The firm’s 50-day moving average price is $55.58 and its 200 day moving average price is $56.69. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 15.05 and a beta of 1.03. AMC Networks Inc. has a 1-year low of $46.17 and a 1-year high of $67.61.

AMC Networks announced that its board has initiated a stock buyback plan on Wednesday, June 7th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 13.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Several analysts recently issued reports on the company. Moffett Nathanson restated a “sell” rating on shares of AMC Networks in a research note on Friday, June 9th. Zacks Investment Research downgraded AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. BidaskClub upgraded AMC Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies downgraded AMC Networks from an “overweight” rating to a “neutral” rating in a research report on Monday, April 10th. Finally, Guggenheim reiterated a “buy” rating and set a $70.00 target price on shares of AMC Networks in a research report on Tuesday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. AMC Networks presently has an average rating of “Hold” and an average price target of $61.79.

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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.

Earnings History for AMC Networks (NASDAQ:AMCX)

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