Amc Networks (NASDAQ:AMCX) announced its earnings results on Wednesday. The company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.04), Briefing.com reports. The firm had revenue of $785.20 million during the quarter, compared to analyst estimates of $774.85 million. Amc Networks had a return on equity of 106.13% and a net margin of 15.12%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.92 earnings per share.
AMCX traded down $2.14 during midday trading on Thursday, hitting $28.31. 30,259 shares of the company’s stock traded hands, compared to its average volume of 526,608. The company has a market cap of $1.84 billion, a PE ratio of 3.54, a price-to-earnings-growth ratio of 0.56 and a beta of 0.81. The stock’s fifty day simple moving average is $38.20 and its 200-day simple moving average is $42.92. The company has a debt-to-equity ratio of 5.00, a current ratio of 2.71 and a quick ratio of 2.71. Amc Networks has a one year low of $28.37 and a one year high of $68.42.
A number of research firms have recently issued reports on AMCX. Zacks Investment Research raised shares of Amc Networks from a “sell” rating to a “hold” rating in a research report on Tuesday. Bank of America lowered shares of Amc Networks from a “buy” rating to a “neutral” rating and set a $44.96 price target for the company. in a research report on Wednesday, October 30th. Deutsche Bank reduced their price target on shares of Amc Networks from $60.00 to $49.00 and set a “hold” rating for the company in a research report on Monday, November 4th. They noted that the move was a valuation call. ValuEngine raised shares of Amc Networks from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, BidaskClub lowered shares of Amc Networks from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.14.
About Amc Networks
AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.
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