AMC Networks Inc. (NASDAQ:AMCX) – Analysts at KeyCorp increased their Q3 2017 earnings per share estimates for shares of AMC Networks in a report released on Thursday. KeyCorp analyst A. Hargreaves now anticipates that the company will earn $1.35 per share for the quarter, up from their previous estimate of $1.32. KeyCorp also issued estimates for AMC Networks’ Q4 2017 earnings at $1.74 EPS, FY2017 earnings at $7.08 EPS, Q1 2018 earnings at $2.08 EPS, Q4 2018 earnings at $1.72 EPS and FY2018 earnings at $6.45 EPS.

AMCX has been the topic of several other research reports. BidaskClub raised AMC Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Deutsche Bank AG decreased their price objective on AMC Networks from $65.00 to $61.00 and set a “hold” rating on the stock in a report on Monday, May 8th. Zacks Investment Research raised AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Thursday, July 13th. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a report on Friday, July 28th. Finally, Moffett Nathanson reissued a “sell” rating on shares of AMC Networks in a report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $61.25.

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Shares of AMC Networks (NASDAQ:AMCX) opened at 62.26 on Monday. AMC Networks has a 52-week low of $46.17 and a 52-week high of $67.61. The company’s 50 day moving average price is $57.26 and its 200 day moving average price is $57.06. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 15.13 and a beta of 1.06.

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

A number of institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of AMC Networks during the first quarter valued at about $194,000. World Asset Management Inc acquired a new position in shares of AMC Networks during the first quarter valued at about $232,000. Wrapmanager Inc. acquired a new position in shares of AMC Networks during the first quarter valued at about $233,000. Greenwood Capital Associates LLC increased its position in shares of AMC Networks by 4.4% in the first quarter. Greenwood Capital Associates LLC now owns 3,987 shares of the company’s stock valued at $234,000 after buying an additional 167 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new position in shares of AMC Networks during the first quarter valued at about $243,000. Hedge funds and other institutional investors own 81.89% of the company’s stock.

AMC Networks declared that its Board of Directors has initiated a stock buyback plan on Wednesday, June 7th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 13.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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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