AMC Networks Inc (NASDAQ:AMCX) – Analysts at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for shares of AMC Networks in a research report issued on Wednesday. Jefferies Group analyst J. Janedis now forecasts that the company will earn $7.08 per share for the year, down from their prior estimate of $7.20. Jefferies Group has a “Hold” rating and a $55.00 price objective on the stock. Jefferies Group also issued estimates for AMC Networks’ Q1 2018 earnings at $2.10 EPS, Q2 2018 earnings at $1.82 EPS, Q3 2018 earnings at $1.58 EPS, Q4 2018 earnings at $1.40 EPS and FY2018 earnings at $6.90 EPS.

A number of other equities analysts have also recently issued reports on AMCX. TheStreet upgraded shares of AMC Networks from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. Zacks Investment Research cut shares of AMC Networks from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub cut shares of AMC Networks from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 4th. Macquarie cut shares of AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research report on Tuesday, January 2nd. Finally, ValuEngine upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $61.42.

AMC Networks (NASDAQ AMCX) opened at $53.97 on Friday. The stock has a market cap of $3,340.00, a P/E ratio of 10.64, a P/E/G ratio of 0.97 and a beta of 1.10. AMC Networks has a 12-month low of $46.89 and a 12-month high of $67.61. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.15 by $0.53. The company had revenue of $648.00 million during 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 business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.11 EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of AMCX. Schwab Charles Investment Management Inc. grew its holdings in AMC Networks by 19.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 306,966 shares of the company’s stock worth $16,396,000 after acquiring an additional 49,899 shares during the last quarter. Legal & General Group Plc grew its holdings in AMC Networks by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 46,479 shares of the company’s stock worth $2,482,000 after acquiring an additional 7,531 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in AMC Networks by 1.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,537 shares of the company’s stock worth $616,000 after acquiring an additional 219 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AMC Networks by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock worth $116,000 after acquiring an additional 181 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in AMC Networks by 2.1% during the 2nd quarter. Principal Financial Group Inc. now owns 236,847 shares of the company’s stock worth $12,650,000 after acquiring an additional 4,831 shares during the last quarter. 86.88% of the stock is currently owned by hedge funds and other institutional investors.

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About AMC Networks

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.

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

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