AMC Networks Inc (NASDAQ:AMCX) – Analysts at Jefferies Group reduced their FY2017 earnings per share (EPS) estimates for AMC Networks in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings of $7.08 per share for the year, down from their previous forecast of $7.20. Jefferies Group has a “Hold” rating and a $55.00 price objective on the stock. Jefferies Group also issued estimates for AMC Networks’ Q1 2018 earnings at $2.10 EPS, Q2 2018 earnings at $1.82 EPS, Q3 2018 earnings at $1.58 EPS, Q4 2018 earnings at $1.40 EPS and FY2018 earnings at $6.90 EPS.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The firm had revenue of $648.00 million for 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. The business’s quarterly revenue was up 2.1% on a year-over-year basis.

AMCX has been the subject of a number of other reports. TheStreet cut shares of AMC Networks from a “b-” rating to a “c” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded shares of AMC Networks from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, January 2nd. Morgan Stanley decreased their price target on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, October 31st. Loop Capital decreased their price target on shares of AMC Networks from $60.00 to $55.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Finally, ValuEngine upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $61.42.

Shares of AMC Networks (NASDAQ AMCX) opened at $52.74 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53. AMC Networks has a fifty-two week low of $46.89 and a fifty-two week high of $67.61. The stock has a market cap of $3,177.28, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its stake in shares of AMC Networks by 24.4% in the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after buying an additional 414 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of AMC Networks by 9.1% in the second 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 during the period. Americafirst Capital Management LLC bought a new stake in shares of AMC Networks in the second quarter valued at about $153,000. Riverhead Capital Management LLC lifted its stake in shares of AMC Networks by 69.9% in the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock valued at $172,000 after buying an additional 1,328 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of AMC Networks by 2.8% in the second 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 during the period. Institutional investors and hedge funds own 86.88% of the company’s stock.

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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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