Seaport Res Ptn Raises Earnings Estimates for AMC Networks

AMC Networks Inc. (NASDAQ:AMCX - Free Report) - Stock analysts at Seaport Res Ptn increased their Q4 2024 earnings per share (EPS) estimates for AMC Networks in a note issued to investors on Monday, October 21st. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $1.56 per share for the quarter, up from their prior forecast of $1.42. Seaport Res Ptn has a "Strong-Buy" rating on the stock. The consensus estimate for AMC Networks' current full-year earnings is $4.86 per share. Seaport Res Ptn also issued estimates for AMC Networks' Q1 2025 earnings at $1.60 EPS.

Several other research analysts also recently commented on AMCX. StockNews.com downgraded AMC Networks from a "buy" rating to a "hold" rating in a research note on Friday, July 12th. Wells Fargo & Company reduced their target price on AMC Networks from $11.00 to $8.00 and set an "underweight" rating on the stock in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $9.50.

AMC Networks Stock Performance

Shares of AMC Networks stock traded up $0.06 during trading hours on Wednesday, hitting $7.92. 938,855 shares of the company's stock traded hands, compared to its average volume of 1,073,284. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a market capitalization of $345.01 million, a price-to-earnings ratio of 2.22 and a beta of 1.28. AMC Networks has a 12-month low of $7.08 and a 12-month high of $20.97. The company has a fifty day simple moving average of $8.78 and a 200-day simple moving average of $11.00.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its quarterly earnings results on Friday, August 9th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.28). AMC Networks had a return on equity of 20.47% and a net margin of 2.29%. The business had revenue of $625.90 million for the quarter, compared to the consensus estimate of $601.41 million. During the same quarter in the previous year, the company posted $2.02 earnings per share. AMC Networks's quarterly revenue was down 7.8% on a year-over-year basis.

Institutional Investors Weigh In On AMC Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DGS Capital Management LLC acquired a new stake in shares of AMC Networks in the 1st quarter worth $313,000. Allspring Global Investments Holdings LLC raised its holdings in AMC Networks by 20.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 83,358 shares of the company's stock worth $1,011,000 after purchasing an additional 14,295 shares during the period. Principal Financial Group Inc. raised its holdings in shares of AMC Networks by 5.8% during the first quarter. Principal Financial Group Inc. now owns 179,446 shares of the company's stock valued at $2,177,000 after acquiring an additional 9,820 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of AMC Networks in the first quarter valued at approximately $331,000. Finally, BNP Paribas Financial Markets grew its position in AMC Networks by 81.0% in the first quarter. BNP Paribas Financial Markets now owns 15,441 shares of the company's stock worth $187,000 after acquiring an additional 6,911 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

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.