AMC Networks Inc (AMCX) Expected to Post Quarterly Sales of $729.57 Million

Wall Street analysts forecast that AMC Networks Inc (NASDAQ:AMCX) will report $729.57 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for AMC Networks’ earnings. The highest sales estimate is $732.60 million and the lowest is $727.00 million. AMC Networks posted sales of $729.60 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0%. The firm is expected to issue its next earnings results before the market opens on Thursday, March 1st.

According to Zacks, analysts expect that AMC Networks will report full year sales of $729.57 million for the current year, with estimates ranging from $2.80 billion to $2.82 billion. For the next financial year, analysts forecast that the business will report sales of $2.90 billion per share, with estimates ranging from $2.80 billion to $2.94 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow AMC Networks.

AMCX has been the topic of a number of research analyst reports. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. Zacks Investment Research raised AMC Networks from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Tuesday, January 2nd. ValuEngine raised AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Morgan Stanley cut their target price on AMC Networks from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 31st. Finally, Jefferies Group cut their target price on 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 equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. AMC Networks presently has a consensus rating of “Hold” and an average target price of $62.42.

Shares of AMC Networks (AMCX) opened at $51.06 on Wednesday. The stock has a market capitalization of $3,159.96, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 0.94 and a beta of 0.91. 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 12-month low of $46.89 and a 12-month high of $67.61.

Large investors have recently bought and sold shares of the business. Advisor Group Inc. grew 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 worth $112,000 after acquiring an additional 414 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in shares of AMC Networks in the second quarter worth $153,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AMC Networks by 46.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the company’s stock worth $172,000 after acquiring an additional 1,008 shares in the last quarter. PNC Financial Services Group Inc. grew 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 worth $175,000 after acquiring an additional 88 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of AMC Networks in the third quarter worth $203,000. Institutional investors and hedge funds own 86.47% of the company’s stock.

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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.

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

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