AMC Networks Inc (NASDAQ:AMCX) – Analysts at Jefferies Group dropped their Q4 2017 earnings per share (EPS) estimates for shares of AMC Networks in a research note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings per share of $1.42 for the quarter, down from their previous forecast of $1.54. Jefferies Group currently has a “Hold” rating and a $55.00 price target on the stock.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.15 by $0.53. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The business had revenue of $648.00 million during the quarter, compared to the consensus estimate of $660.79 million. During the same period in the prior year, the business posted $1.11 earnings per share. AMC Networks’s revenue was up 2.1% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the company. TheStreet downgraded AMC Networks from a “b-” rating to a “c” rating in a research note on Tuesday, November 14th. Morgan Stanley reduced their price objective on AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 31st. Cowen reissued a “hold” rating and issued a $53.00 price objective on shares of AMC Networks in a research note on Thursday, September 21st. Guggenheim downgraded AMC Networks from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Finally, Wells Fargo & Co initiated coverage on AMC Networks in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $72.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $61.42.

Shares of AMC Networks (AMCX) opened at $51.36 on Thursday. AMC Networks has a fifty-two week low of $46.89 and a fifty-two week high of $67.61. The company has a market capitalization of $3,241.00, a price-to-earnings ratio of 10.13, a PEG ratio of 0.99 and a beta of 1.10. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53.

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of AMC Networks by 385.4% during the 2nd quarter. Royal Bank of Canada now owns 93,357 shares of the company’s stock valued at $4,986,000 after acquiring an additional 74,123 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of AMC Networks by 24.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,061 shares of the company’s stock valued at $3,161,000 after acquiring an additional 10,539 shares during the last quarter. U S Global Investors Inc. acquired a new position in shares of AMC Networks during the 3rd quarter valued at about $1,462,000. AXA increased its holdings in shares of AMC Networks by 468.7% during the 3rd quarter. AXA now owns 245,100 shares of the company’s stock valued at $14,331,000 after acquiring an additional 202,000 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of AMC Networks by 9.9% during the 2nd quarter. FMR LLC now owns 1,172,084 shares of the company’s stock valued at $62,601,000 after acquiring an additional 105,290 shares during the last quarter. 86.88% of the stock is currently 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.

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

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