AMC Networks Inc (NASDAQ:AMCX) – Equities research analysts at Jefferies Group increased their Q3 2017 EPS estimates for shares of AMC Networks in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings of $1.16 per share for the quarter, up from their previous estimate of $0.91. Jefferies Group has a “Hold” rating and a $65.00 price target on the stock. Jefferies Group also issued estimates for AMC Networks’ Q4 2017 earnings at $1.63 EPS, Q1 2018 earnings at $2.19 EPS, Q3 2018 earnings at $1.32 EPS, Q4 2018 earnings at $1.83 EPS and FY2018 earnings at $7.18 EPS.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.47. The company 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 1,346.40% and a net margin of 15.15%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.15 earnings per share.

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Several other equities analysts also recently issued reports on AMCX. Guggenheim downgraded AMC Networks from a “buy” rating to a “neutral” rating in a research report on Thursday. Wells Fargo & Company assumed coverage on AMC Networks in a research report on Tuesday. They issued an “outperform” rating and a $72.00 price objective for the company. BidaskClub upgraded AMC Networks from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Thursday, July 13th. Finally, TheStreet upgraded AMC Networks from a “c” rating to a “b-” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.00.

AMC Networks (NASDAQ:AMCX) opened at 57.73 on Thursday. The stock’s 50 day moving average price is $58.76 and its 200-day moving average price is $57.79. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 12.61 and a beta of 1.06. AMC Networks has a one year low of $46.17 and a one year high of $67.61.

A number of large investors have recently bought and sold shares of AMCX. First Trust Advisors LP acquired a new position in shares of AMC Networks during the first quarter worth about $784,000. UBS Asset Management Americas Inc. boosted its position in shares of AMC Networks by 27.0% during the first quarter. UBS Asset Management Americas Inc. now owns 48,536 shares of the company’s stock worth $2,848,000 after buying an additional 10,314 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of AMC Networks by 16.3% during the first quarter. Parametric Portfolio Associates LLC now owns 79,711 shares of the company’s stock worth $4,677,000 after buying an additional 11,163 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of AMC Networks by 19.5% during the first quarter. Envestnet Asset Management Inc. now owns 8,809 shares of the company’s stock worth $514,000 after buying an additional 1,435 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of AMC Networks by 83.6% during the first quarter. JPMorgan Chase & Co. now owns 164,803 shares of the company’s stock worth $9,670,000 after buying an additional 75,019 shares during the period. 84.99% of the stock is 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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