Analysts Anticipate AMC Networks Inc (AMCX) Will Announce Quarterly Sales of $729.50 Million

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.

AMCX has been the topic of a number of recent research reports. BidaskClub upgraded shares of AMC Networks from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 19th. TheStreet upgraded shares of AMC Networks from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded shares of AMC Networks from a “hold” rating to a “sell” rating in a research report on Friday. Piper Jaffray Companies set a $60.00 price target on shares of AMC Networks and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Finally, Jefferies Group reduced their price target on shares of AMC Networks from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $61.42.

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.

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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.

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

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