Equities research analysts expect AMC Networks Inc (NASDAQ:AMCX) to announce $729.50 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for AMC Networks’ earnings, with estimates ranging from $726.70 million to $732.60 million. AMC Networks reported sales of $729.60 million in the same quarter last year, which would suggest a negative year over year growth rate of 0%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that AMC Networks will report full-year sales of $729.50 million for the current financial year, with estimates ranging from $2.80 billion to $2.88 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.91 billion per share, with estimates ranging from $2.80 billion to $2.97 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow AMC Networks.
AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.53. The company had revenue of $648.00 million during the quarter, compared to analyst estimates of $660.79 million. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.11 EPS.
AMC Networks (AMCX) opened at $53.97 on Friday. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57. AMC Networks has a 52-week low of $46.89 and a 52-week high of $67.61. The stock has a market cap of $3,420.00, a PE ratio of 10.64, a PEG ratio of 1.00 and a beta of 1.10.
Large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in AMC Networks by 385.4% in the 2nd quarter. Royal Bank of Canada now owns 93,357 shares of the company’s stock valued at $4,986,000 after purchasing an additional 74,123 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in AMC Networks by 24.2% in 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 purchasing an additional 10,539 shares during the last quarter. U S Global Investors Inc. bought a new stake in AMC Networks in the 3rd quarter valued at about $1,462,000. AXA lifted its position in AMC Networks by 468.7% in the 3rd quarter. AXA now owns 245,100 shares of the company’s stock valued at $14,331,000 after purchasing an additional 202,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in AMC Networks in the 2nd quarter valued at about $813,000. Hedge funds and other institutional investors own 86.88% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AMC Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks and related companies with MarketBeat.com's FREE daily email newsletter.