Wall Street brokerages predict that AMC Networks Inc (NASDAQ:AMCX) will post sales of $729.57 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for AMC Networks’ earnings, with estimates ranging from $727.00 million to $732.60 million. AMC Networks reported sales of $729.60 million during the same quarter last year, which suggests a negative year over year growth rate of 0%. The company is expected to issue its next earnings report before the market opens on Thursday, March 1st.

On average, analysts expect that AMC Networks will report full-year sales of $729.57 million for the current financial year, with estimates ranging from $2.80 billion to $2.88 billion. For the next financial year, analysts forecast that the firm 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 an average based on a survey of research firms that that provide coverage for AMC Networks.

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

A number of analysts have weighed in on AMCX shares. Wells Fargo & Co started coverage on shares of AMC Networks in a report on Tuesday, October 10th. They set an “outperform” rating and a $72.00 target price on the stock. Guggenheim cut shares of AMC Networks from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Loop Capital dropped their target price on shares of AMC Networks from $61.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, October 19th. Morgan Stanley dropped their target price on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Finally, Piper Jaffray Companies set a $60.00 target price on shares of AMC Networks and gave the stock a “hold” rating in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. AMC Networks presently has a consensus rating of “Hold” and a consensus target price of $61.42.

Shares of AMC Networks (AMCX) traded down $0.11 during trading hours on Friday, hitting $53.05. 436,712 shares of the company’s stock were exchanged, compared to its average volume of 747,748. The firm has a market capitalization of $3,280.00, a PE ratio of 10.46, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10. AMC Networks has a 52 week low of $46.89 and a 52 week high of $67.61. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 37.53.

Several institutional investors have recently added to or reduced their stakes in AMCX. Investec Asset Management LTD grew its position in shares of AMC Networks by 45.0% during the third quarter. Investec Asset Management LTD now owns 1,799,372 shares of the company’s stock worth $105,209,000 after acquiring an additional 558,579 shares during the last quarter. American Century Companies Inc. bought a new position in shares of AMC Networks during the third quarter worth about $20,212,000. AXA grew its position in shares of AMC Networks by 468.7% during the third quarter. AXA now owns 245,100 shares of the company’s stock worth $14,331,000 after acquiring an additional 202,000 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of AMC Networks by 34.1% during the second quarter. Ameriprise Financial Inc. now owns 510,465 shares of the company’s stock worth $27,264,000 after acquiring an additional 129,781 shares during the last quarter. Finally, APG Asset Management N.V. bought a new position in shares of AMC Networks during the third quarter worth about $6,338,000. Institutional investors and hedge funds own 86.72% 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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