AMC Networks Inc. (NASDAQ:AMCX) issued its earnings results on Thursday. The company reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.53, Bloomberg Earnings reports. AMC Networks had a return on equity of 683.16% and a net margin of 11.40%. The business had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $660.79 million. During the same period in the prior year, the business earned $1.11 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year.

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AMCX has been the subject of several research reports. Jefferies Group LLC reiterated a “hold” rating and issued a $60.00 target price on shares of AMC Networks in a report on Monday, July 10th. BidaskClub upgraded AMC Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Thursday, July 13th. TheStreet upgraded AMC Networks from a “c” rating to a “b-” rating in a report on Friday, July 28th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of AMC Networks in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $59.07.

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 for AMC Networks (NASDAQ:AMCX)

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