AMC Networks (AMCX) Expected to Announce Earnings on Friday

AMC Networks (NASDAQ:AMCX) is anticipated to announce its earnings results before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $1.17 per share and revenue of $611.26 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.29. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The firm had revenue of $599.60 million during the quarter, compared to the consensus estimate of $587.12 million. During the same quarter in the previous year, the company posted $1.85 earnings per share. The business’s revenue was down 5.9% on a year-over-year basis. On average, analysts expect AMC Networks to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

AMC Networks Stock Performance

Shares of AMCX opened at $9.35 on Wednesday. The firm has a market capitalization of $412.52 million, a PE ratio of 14.84 and a beta of 1.31. The company has a 50-day simple moving average of $9.48 and a two-hundred day simple moving average of $9.22. AMC Networks has a one year low of $7.08 and a one year high of $18.58. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AMCX shares. StockNews.com upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Seaport Res Ptn raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley decreased their price objective on AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.50.

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.