Equities analysts forecast that Amc Networks Inc (NASDAQ:AMCX) will announce $1.90 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Amc Networks’ earnings, with estimates ranging from $1.70 to $1.99. Amc Networks posted earnings of $1.93 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 1.6%. The business is scheduled to announce its next earnings results on Thursday, August 1st.

On average, analysts expect that Amc Networks will report full year earnings of $8.50 per share for the current year, with EPS estimates ranging from $8.31 to $8.66. For the next fiscal year, analysts anticipate that the company will report earnings of $9.06 per share, with EPS estimates ranging from $8.40 to $9.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Amc Networks.

Amc Networks (NASDAQ:AMCX) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.39. The company had revenue of $784.22 million for the quarter, compared to analyst estimates of $775.37 million. Amc Networks had a return on equity of 152.19% and a net margin of 14.35%. Amc Networks’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.65 EPS.

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Amc Networks from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. BidaskClub lowered Amc Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. ValuEngine lowered Amc Networks from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Finally, Imperial Capital reissued an “underperform” rating and set a $53.00 target price (down previously from $56.00) on shares of Amc Networks in a research report on Friday, March 15th. Five research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $61.83.

Several hedge funds and other institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC grew its stake in Amc Networks by 5.1% during the third quarter. TIAA CREF Investment Management LLC now owns 796,711 shares of the company’s stock valued at $52,854,000 after acquiring an additional 38,737 shares in the last quarter. Bremer Trust National Association purchased a new position in Amc Networks in the 4th quarter worth approximately $85,000. Texas Permanent School Fund grew its stake in Amc Networks by 3.0% in the 1st quarter. Texas Permanent School Fund now owns 30,371 shares of the company’s stock worth $1,724,000 after buying an additional 894 shares in the last quarter. Investec Asset Management LTD grew its stake in Amc Networks by 4.6% in the 4th quarter. Investec Asset Management LTD now owns 2,549,354 shares of the company’s stock worth $139,909,000 after buying an additional 111,427 shares in the last quarter. Finally, KBC Group NV grew its stake in Amc Networks by 343.1% in the 4th quarter. KBC Group NV now owns 25,785 shares of the company’s stock worth $1,415,000 after buying an additional 19,966 shares in the last quarter. 95.77% of the stock is currently owned by institutional investors and hedge funds.

AMCX stock opened at $54.59 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 6.82. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 6.28, a P/E/G ratio of 0.78 and a beta of 0.86. Amc Networks has a 1 year low of $51.04 and a 1 year high of $69.02.

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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