AMC Networks Inc (NASDAQ:AMCX) – Investment analysts at FBN Securities issued their FY2022 earnings estimates for shares of AMC Networks in a report released on Tuesday, according to Zacks Investment Research. FBN Securities analyst R. Routh expects that the company will post earnings of $12.66 per share for the year.
Several other analysts have also recently weighed in on AMCX. TheStreet cut shares of AMC Networks from a “b-” rating to a “c” rating in a research note on Tuesday, November 14th. ValuEngine raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. BidaskClub raised shares of AMC Networks from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 19th. Macquarie cut shares of AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 price target on the stock. in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research raised shares of AMC Networks from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.55.
Shares of AMC Networks (AMCX) traded down $0.27 during trading on Wednesday, reaching $51.19. 571,838 shares of the company’s stock traded hands, compared to its average volume of 721,873. The company has a debt-to-equity ratio of 19.07, a current ratio of 2.53 and a quick ratio of 2.53. The company has a market capitalization of $3,180.67, a PE ratio of 7.15, a price-to-earnings-growth ratio of 0.89 and a beta of 0.84. AMC Networks has a 1 year low of $46.89 and a 1 year high of $67.44.
AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, March 1st. The company reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.19. The firm had revenue of $726.93 million for the quarter, compared to analysts’ expectations of $730.82 million. AMC Networks had a net margin of 16.80% and a return on equity of 531.46%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 earnings per share.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in AMC Networks by 24.2% in the third quarter. Public Employees Retirement System of Ohio now owns 54,061 shares of the company’s stock valued at $3,161,000 after buying an additional 10,539 shares during the period. AXA lifted its holdings in AMC Networks by 468.7% in the third quarter. AXA now owns 245,100 shares of the company’s stock valued at $14,331,000 after buying an additional 202,000 shares during the period. U S Global Investors Inc. acquired a new position in AMC Networks in the third quarter valued at approximately $1,462,000. Legal & General Group Plc lifted its holdings in AMC Networks by 25.3% in the third quarter. Legal & General Group Plc now owns 58,260 shares of the company’s stock valued at $3,406,000 after buying an additional 11,781 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in AMC Networks by 1.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 312,148 shares of the company’s stock valued at $18,252,000 after buying an additional 5,182 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.
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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. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
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