Wall Street analysts expect Amc Networks Inc (NASDAQ:AMCX) to post earnings per share (EPS) of $2.51 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Amc Networks’ earnings, with the lowest EPS estimate coming in at $2.09 and the highest estimate coming in at $2.94. Amc Networks posted earnings per share of $2.65 during the same quarter last year, which indicates a negative year-over-year growth rate of 5.3%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, May 1st.

On average, analysts expect that Amc Networks will report full year earnings of $8.49 per share for the current financial year, with EPS estimates ranging from $7.88 to $9.00. For the next fiscal year, analysts forecast that the company will post earnings of $8.69 per share, with EPS estimates ranging from $7.19 to $9.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Amc Networks.

Amc Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, February 28th. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.11. The company had revenue of $772.85 million during the quarter, compared to analysts’ expectations of $757.41 million. Amc Networks had a net margin of 15.01% and a return on equity of 187.32%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $1.68 EPS.

AMCX has been the subject of several analyst reports. Zacks Investment Research raised shares of Amc Networks from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Friday, February 15th. BidaskClub raised shares of Amc Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 11th. Finally, Imperial Capital cut shares of Amc Networks from an “in-line” rating to an “underperform” rating and decreased their target price for the company from $64.00 to $56.00 in a research note on Thursday, January 31st. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $62.83.

In other Amc Networks news, EVP James Gallagher sold 7,000 shares of Amc Networks stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $62.98, for a total transaction of $440,860.00. Following the completion of the transaction, the executive vice president now directly owns 15,964 shares of the company’s stock, valued at $1,005,412.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 20.97% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Amc Networks by 17.5% during the fourth quarter. Geode Capital Management LLC now owns 514,652 shares of the company’s stock worth $28,243,000 after purchasing an additional 76,808 shares during the period. Norges Bank acquired a new stake in shares of Amc Networks during the fourth quarter worth $34,521,000. APG Asset Management N.V. lifted its holdings in shares of Amc Networks by 252.2% during the fourth quarter. APG Asset Management N.V. now owns 421,600 shares of the company’s stock worth $20,240,000 after buying an additional 301,900 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Amc Networks by 57.7% during the fourth quarter. Amalgamated Bank now owns 10,299 shares of the company’s stock worth $565,000 after buying an additional 3,768 shares in the last quarter. Finally, HRT Financial LLC acquired a new stake in shares of Amc Networks during the fourth quarter worth $417,000. 86.96% of the stock is owned by hedge funds and other institutional investors.

Shares of AMCX traded down $0.37 during mid-day trading on Friday, hitting $59.38. 7,616 shares of the company’s stock were exchanged, compared to its average volume of 643,578. The stock has a market capitalization of $3.32 billion, a P/E ratio of 6.81, a P/E/G ratio of 1.01 and a beta of 0.84. Amc Networks has a 52 week low of $49.08 and a 52 week high of $69.02. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 9.01.

About Amc Networks

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

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