AMC Networks Inc. (NASDAQ:AMCX) – Research analysts at FBN Securities issued their Q3 2016 earnings per share (EPS) estimates for shares of AMC Networks in a research report issued to clients and investors on Thursday. FBN Securities analyst R. Routh forecasts that the firm will post earnings of $1.07 per share for the quarter. FBN Securities currently has a “Outperform” rating on the stock. FBN Securities also issued estimates for AMC Networks’ Q4 2016 earnings at $1.36 EPS, Q1 2017 earnings at $2.11 EPS, Q2 2017 earnings at $1.39 EPS, Q3 2017 earnings at $1.41 EPS, Q4 2017 earnings at $1.14 EPS, FY2017 earnings at $6.05 EPS, FY2018 earnings at $6.46 EPS, FY2019 earnings at $6.89 EPS and FY2020 earnings at $7.21 EPS.
AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.28 earnings per share for the quarter, meeting the consensus estimate of $1.28. AMC Networks had a net margin of 13.08% and a return on equity of 1,153.89%. The business earned $685 million during the quarter, compared to analysts’ expectations of $676.87 million. During the same quarter in the prior year, the company posted $1.14 EPS. The business’s revenue for the quarter was up 14.0% on a year-over-year basis.
Several other equities analysts have also issued reports on the company. Guggenheim decreased their target price on AMC Networks from $77.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Investment Research cut AMC Networks from a “hold” rating to a “sell” rating in a report on Monday. FBR & Co assumed coverage on AMC Networks in a report on Thursday, October 6th. They set an “outperform” rating on the stock. Albert Fried & Company reiterated a “buy” rating and set a $76.00 price objective on shares of AMC Networks in a report on Sunday, September 25th. Finally, Nomura cut their price objective on AMC Networks from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, September 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $73.13.
AMC Networks (NASDAQ:AMCX) opened at 49.97 on Monday. AMC Networks has a one year low of $49.93 and a one year high of $83.78. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 10.40 and a beta of 0.84. The stock has a 50 day moving average of $52.48 and a 200 day moving average of $59.00.
Hedge funds and other institutional investors have recently modified their holdings of the stock. I.G. Investment Management LTD. raised its position in shares of AMC Networks by 261.8% in the second quarter. I.G. Investment Management LTD. now owns 1,780 shares of the company’s stock worth $108,000 after buying an additional 1,288 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of AMC Networks during the second quarter worth approximately $120,000. Acrospire Investment Management LLC raised its position in shares of AMC Networks by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 3,200 shares of the company’s stock worth $193,000 after buying an additional 2,400 shares in the last quarter. Wrapmanager Inc. raised its position in shares of AMC Networks by 4.7% in the second quarter. Wrapmanager Inc. now owns 3,711 shares of the company’s stock worth $224,000 after buying an additional 168 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of AMC Networks during the second quarter worth approximately $225,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.
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. The Company operates through two segments: National Networks, and International and Other. The National Networks segment principally includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
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