AMC Networks (NASDAQ:AMCX - Get Free Report) released its earnings results on Friday. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.41), Zacks reports. The business had revenue of $599.30 million for the quarter, compared to analysts' expectations of $611.26 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. AMC Networks's revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. AMC Networks updated its FY 2025 guidance to EPS.
AMC Networks Stock Performance
Shares of NASDAQ:AMCX traded down $0.47 during midday trading on Tuesday, reaching $8.32. 1,063,618 shares of the company's stock traded hands, compared to its average volume of 452,717. AMC Networks has a one year low of $7.08 and a one year high of $18.58. The stock has a 50 day moving average of $9.46 and a 200 day moving average of $9.13. The company has a market cap of $367.08 million, a price-to-earnings ratio of 13.21 and a beta of 1.31. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32.
Analyst Ratings Changes
A number of brokerages have issued reports on AMCX. Morgan Stanley lowered their price objective on AMC Networks from $10.00 to $9.00 and set an "underweight" rating for the company in a research note on Tuesday, November 12th. StockNews.com lowered AMC Networks from a "buy" rating to a "hold" rating in a research report on Monday. JPMorgan Chase & Co. cut their price objective on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a research report on Tuesday. Finally, Seaport Res Ptn raised shares of AMC Networks from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.33.
Get Our Latest Stock Analysis on AMCX
About AMC Networks
(
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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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