AMC Networks (NASDAQ:AMCX) Releases Earnings Results, Misses Expectations By $0.13 EPS

AMC Networks (NASDAQ:AMCX) announced its earnings results on Friday. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.13), Zacks reports. AMC Networks had a positive return on equity of 15.73% and a negative net margin of 7.42%.The company had revenue of $561.74 million for the quarter, compared to the consensus estimate of $549.27 million. During the same period in the previous year, the firm posted $0.91 EPS. The business’s quarterly revenue was down 6.3% on a year-over-year basis. AMC Networks updated its FY 2025 guidance to EPS.

AMC Networks Stock Up 3.7%

NASDAQ AMCX opened at $7.52 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 2.11. The company has a market cap of $326.25 million, a price-to-earnings ratio of -1.72 and a beta of 1.43. The company has a 50 day moving average of $7.75 and a 200-day moving average of $6.86. AMC Networks has a 1-year low of $5.41 and a 1-year high of $10.60.

Analyst Ratings Changes

Several brokerages have issued reports on AMCX. Weiss Ratings restated a “sell (d)” rating on shares of AMC Networks in a research report on Wednesday, October 8th. Wells Fargo & Company reiterated an “underweight” rating on shares of AMC Networks in a research note on Sunday, August 10th. Finally, Zacks Research downgraded AMC Networks from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Strong Sell” and an average price target of $5.38.

Hedge Funds Weigh In On AMC Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gallagher Fiduciary Advisors LLC raised its stake in AMC Networks by 105.5% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 38,355 shares of the company’s stock valued at $240,000 after purchasing an additional 19,695 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in AMC Networks during the second quarter worth about $475,000. Raymond James Financial Inc. bought a new position in AMC Networks in the 2nd quarter valued at about $25,000. Qube Research & Technologies Ltd raised its position in shares of AMC Networks by 26.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 178,500 shares of the company’s stock valued at $1,119,000 after buying an additional 37,122 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of AMC Networks by 130.6% in the 2nd quarter. Federated Hermes Inc. now owns 20,292 shares of the company’s stock valued at $127,000 after buying an additional 11,493 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Company Profile

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.