AMC Networks Inc. (AMCX) Set to Announce Earnings on Thursday
AMC Networks Inc. (NASDAQ:AMCX) will be posting its quarterly earnings results before the market opens on Thursday, November 2nd. Analysts expect AMC Networks to post earnings of $1.18 per share for the quarter.
AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.47. AMC Networks had a net margin of 11.40% and a return on equity of 683.16%. The business had revenue of $710.55 million for the quarter, compared to the consensus estimate of $715.23 million. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts expect AMC Networks to post $6.64 EPS for the current fiscal year and $6.91 EPS for the next fiscal year.
AMC Networks Inc. (NASDAQ AMCX) opened at 52.22 on Thursday. The firm’s 50-day moving average is $57.31 and its 200 day moving average is $57.49. AMC Networks Inc. has a one year low of $46.17 and a one year high of $67.61. The stock has a market cap of $3.32 billion, a P/E ratio of 11.41 and a beta of 1.06.
A number of brokerages have recently commented 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. Jefferies Group LLC reaffirmed a “hold” rating and set a $65.00 price objective (up previously from $60.00) on shares of AMC Networks in a research note on Friday, August 4th. Cowen and Company reaffirmed a “hold” rating and set a $53.00 price objective on shares of AMC Networks in a research note on Thursday, September 21st. Finally, Wells Fargo & Company began coverage on shares of AMC Networks in a research note on Tuesday, October 10th. They set an “outperform” rating and a $72.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $59.33.
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.
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