AMC Networks (NASDAQ:AMCX - Get Free Report) is expected to announce its earnings results before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $1.17 per share and revenue of $611.26 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.
AMC Networks (NASDAQ:AMCX - Get Free Report) last released its earnings results on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.29. The business had revenue of $599.60 million for the quarter, compared to analyst estimates of $587.12 million. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 earnings per share. On average, analysts expect AMC Networks to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.
AMC Networks Stock Performance
Shares of NASDAQ:AMCX traded down $0.18 during midday trading on Monday, hitting $9.45. The stock had a trading volume of 192,099 shares, compared to its average volume of 409,737. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 2.03. The stock has a 50 day moving average price of $9.47 and a two-hundred day moving average price of $9.24. AMC Networks has a 1 year low of $7.08 and a 1 year high of $18.58. The company has a market capitalization of $417.11 million, a PE ratio of 15.01 and a beta of 1.31.
Analyst Upgrades and Downgrades
A number of research firms have commented on AMCX. Seaport Res Ptn raised AMC Networks from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 22nd. Morgan Stanley reduced their price objective on shares of AMC Networks from $10.00 to $9.00 and set an "underweight" rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded shares of AMC Networks from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $8.50.
Check Out Our Latest Analysis on AMC Networks
About AMC Networks
(
Get Free Report)
AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.
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