Analysts forecast that AMC Networks Inc. (NASDAQ:AMCX) will announce sales of $653.56 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for AMC Networks’ earnings, with the highest sales estimate coming in at $656.20 million and the lowest estimate coming in at $648.68 million. AMC Networks posted sales of $634.65 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The firm is expected to issue its next earnings report on Thursday, November 2nd.

On average, analysts expect that AMC Networks will report full year sales of $653.56 million for the current financial year, with estimates ranging from $2.83 billion to $2.89 billion. For the next financial year, analysts expect that the firm will report sales of $2.96 billion per share, with estimates ranging from $2.86 billion to $3.04 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow AMC Networks.

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

Several equities analysts recently commented on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $60.00 target price on shares of AMC Networks in a research note on Monday, July 10th. BidaskClub upgraded AMC Networks from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Zacks Investment Research lowered AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Moffett Nathanson reiterated a “sell” rating on shares of AMC Networks in a research note on Friday, June 9th. Finally, ValuEngine lowered AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. AMC Networks presently has a consensus rating of “Hold” and an average target price of $61.25.

AMC Networks (NASDAQ AMCX) opened at 60.45 on Monday. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 13.21 and a beta of 1.06. The company has a 50 day moving average of $60.56 and a 200-day moving average of $57.64. AMC Networks has a 12-month low of $46.17 and a 12-month high of $67.61.

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

Large investors have recently modified their holdings of the company. Advisor Group Inc. increased its stake in shares of AMC Networks by 24.4% in the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after buying an additional 414 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AMC Networks by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after buying an additional 181 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in shares of AMC Networks during the second quarter valued at $153,000. Riverhead Capital Management LLC increased its stake in shares of AMC Networks by 69.9% in the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock valued at $172,000 after buying an additional 1,328 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of AMC Networks by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after buying an additional 88 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

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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.

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

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