AMC Networks Inc. (NASDAQ:AMCX) – Stock analysts at Jefferies Group lifted their FY2017 earnings per share estimates for AMC Networks in a research note issued to investors on Tuesday. Jefferies Group analyst J. Janedis now expects that the company will earn $6.77 per share for the year, up from their prior forecast of $6.38. Jefferies Group currently has a “Hold” rating and a $65.00 target price on the stock. Jefferies Group also issued estimates for AMC Networks’ Q2 2018 earnings at $1.83 EPS.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.88 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 the consensus estimate 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 was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 earnings per share.

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Several other research analysts have also recently issued reports on the company. BidaskClub raised AMC Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Sanford C. Bernstein reissued a “market perform” rating on shares of AMC Networks in a research report on Tuesday, September 12th. Cowen and Company reissued a “hold” rating and issued a $53.00 target price on shares of AMC Networks in a research report on Thursday, September 21st. Finally, TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.00.

Shares of AMC Networks (AMCX) opened at 57.85 on Wednesday. The firm’s 50-day moving average is $58.83 and its 200 day moving average is $57.79. AMC Networks has a 12-month low of $46.17 and a 12-month high of $67.61. The stock has a market capitalization of $3.68 billion, a P/E ratio of 12.64 and a beta of 1.06.

Several hedge funds have recently bought and sold shares of the company. World Asset Management Inc lifted its position in shares of AMC Networks by 0.3% during the 2nd quarter. World Asset Management Inc now owns 3,972 shares of the company’s stock valued at $212,000 after buying an additional 12 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of AMC Networks by 2.8% during the 2nd 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 in the last quarter. Wrapmanager Inc. lifted its position in shares of AMC Networks by 3.2% during the 2nd quarter. Wrapmanager Inc. now owns 4,102 shares of the company’s stock valued at $219,000 after buying an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AMC Networks by 9.1% during the 2nd 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 in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of AMC Networks by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the company’s stock valued at $769,000 after buying an additional 200 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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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