Analysts Set Expectations for AMC Networks Inc.’s FY2017 Earnings (AMCX)
AMC Networks Inc. (NASDAQ:AMCX) – Investment analysts at KeyCorp boosted their FY2017 earnings estimates for shares of AMC Networks in a research note issued to investors on Thursday. KeyCorp analyst A. Hargreaves now anticipates that the company will post earnings per share of $7.15 for the year, up from their previous forecast of $7.08. KeyCorp also issued estimates for AMC Networks’ Q4 2017 earnings at $1.48 EPS, Q1 2018 earnings at $1.99 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.28 EPS and FY2018 earnings at $6.11 EPS.
AMC Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The business had revenue of $648.00 million for the quarter, compared to the consensus estimate of $660.79 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. TRADEMARK VIOLATION WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/analysts-set-expectations-for-amc-networks-inc-s-fy2017-earnings-amcx/1682347.html.
A number of other research analysts have also recently commented on AMCX. Piper Jaffray Companies set a $60.00 price target on shares of AMC Networks and gave the stock a “hold” rating in a report on Wednesday, November 1st. Morgan Stanley cut their price target 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. Jefferies Group LLC cut their price target on shares of AMC Networks from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Friday. Loop Capital cut their price target on shares of AMC Networks from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Friday. Finally, BidaskClub upgraded shares of AMC Networks from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $58.00.
Shares of AMC Networks (NASDAQ AMCX) opened at $47.50 on Monday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 37.53. The firm has a market cap of $3,019.29, a price-to-earnings ratio of 6.82, a PEG ratio of 0.74 and a beta of 1.09. AMC Networks has a 12 month low of $47.44 and a 12 month high of $67.61.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in AMC Networks by 3,894.6% during the 1st quarter. BlackRock Inc. now owns 5,048,490 shares of the company’s stock worth $296,245,000 after acquiring an additional 4,922,108 shares in the last quarter. Vanguard Group Inc. grew its holdings in AMC Networks by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,553,340 shares of the company’s stock worth $267,189,000 after acquiring an additional 102,284 shares in the last quarter. Investec Asset Management LTD boosted its holdings in shares of AMC Networks by 35.4% in the 2nd quarter. Investec Asset Management LTD now owns 1,240,793 shares of the company’s stock valued at $66,271,000 after buying an additional 324,669 shares in the last quarter. FMR LLC boosted its holdings in shares of AMC Networks by 9.9% in the 2nd quarter. FMR LLC now owns 1,172,084 shares of the company’s stock valued at $62,601,000 after buying an additional 105,290 shares in the last quarter. Finally, AJO LP boosted its holdings in shares of AMC Networks by 121.4% in the 2nd quarter. AJO LP now owns 996,174 shares of the company’s stock valued at $53,206,000 after buying an additional 546,211 shares in the last quarter. Institutional investors own 85.01% of the company’s stock.
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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