AMC Networks (NASDAQ:AMCX) Issues Quarterly Earnings Results, Beats Estimates By $0.29 EPS

AMC Networks (NASDAQ:AMCX - Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.29, Briefing.com reports. The company had revenue of $599.60 million for the quarter, compared to analysts' expectations of $587.12 million. AMC Networks had a return on equity of 20.47% and a net margin of 2.29%. The firm's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share.

AMC Networks Trading Up 2.1 %

AMCX traded up $0.18 during trading hours on Monday, reaching $8.74. 813,961 shares of the company's stock traded hands, compared to its average volume of 710,239. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.17. The firm has a 50-day moving average price of $8.30 and a 200 day moving average price of $10.76. AMC Networks has a 52-week low of $7.08 and a 52-week high of $20.97. The firm has a market capitalization of $385.43 million, a PE ratio of 13.87 and a beta of 1.29.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AMCX shares. Wells Fargo & Company dropped their target price on AMC Networks from $11.00 to $8.00 and set an "underweight" rating for the company in a report on Monday, August 12th. Seaport Res Ptn raised shares of AMC Networks from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.50.

About AMC Networks

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.