AMC Networks Inc. (NASDAQ:AMCX) – Analysts at Jefferies Group cut their Q3 2017 EPS estimates for AMC Networks in a note issued to investors on Thursday. Jefferies Group analyst J. Janedis now anticipates that the company will earn $0.91 per share for the quarter, down from their prior estimate of $1.12. Jefferies Group currently has a “Hold” rating and a $65.00 target price on the stock. Jefferies Group also issued estimates for AMC Networks’ Q4 2017 earnings at $1.49 EPS, Q1 2018 earnings at $2.05 EPS, Q2 2018 earnings at $1.68 EPS, Q4 2018 earnings at $1.71 EPS, FY2018 earnings at $6.51 EPS, Q1 2019 earnings at $2.26 EPS, Q2 2019 earnings at $1.85 EPS, FY2019 earnings at $7.17 EPS, FY2020 earnings at $7.95 EPS and FY2021 earnings at $8.30 EPS.

A number of other equities analysts also recently weighed in on AMCX. TheStreet raised shares of AMC Networks from a “c” rating to a “b-” rating in a research note on Friday, July 28th. BidaskClub raised shares of AMC Networks from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Moffett Nathanson reaffirmed a “sell” rating on shares of AMC Networks in a research note on Friday, June 9th. Zacks Investment Research raised shares of AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Thursday, July 13th. Finally, Piper Jaffray Companies downgraded shares of AMC Networks from an “overweight” rating to a “neutral” rating in a research note on Monday, April 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. AMC Networks presently has a consensus rating of “Hold” and an average price target of $61.25.

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AMC Networks (AMCX) opened at 62.26 on Monday. AMC Networks has a 1-year low of $46.17 and a 1-year high of $67.61. The firm has a market cap of $4.15 billion, a P/E ratio of 15.13 and a beta of 1.06. The firm’s 50-day moving average price is $57.26 and its 200-day moving average price is $57.06.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.47. The business had revenue of $710.55 million during the quarter, compared to the consensus estimate of $715.23 million. AMC Networks had a return on equity of 683.16% and a net margin of 11.40%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 EPS.

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of AMC Networks by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 275,966 shares of the company’s stock valued at $14,445,000 after buying an additional 783 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of AMC Networks by 35.8% in the first quarter. Bank of Montreal Can now owns 70,721 shares of the company’s stock valued at $4,150,000 after buying an additional 18,642 shares in the last quarter. American National Bank boosted its stake in shares of AMC Networks by 22.6% in the first quarter. American National Bank now owns 33,134 shares of the company’s stock valued at $1,945,000 after buying an additional 6,108 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of AMC Networks during the first quarter valued at about $692,000. Finally, Reliance Trust Co. of Delaware boosted its stake in shares of AMC Networks by 13.7% in the first quarter. Reliance Trust Co. of Delaware now owns 6,753 shares of the company’s stock valued at $396,000 after buying an additional 816 shares in the last quarter. Institutional investors own 81.89% of the company’s stock.

AMC Networks announced that its Board of Directors has initiated a stock buyback program on Wednesday, June 7th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 13.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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 and Estimates for AMC Networks (NASDAQ:AMCX)

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