AMC Networks (AMCX) Scheduled to Post Earnings on Friday

AMC Networks (NASDAQ:AMCX) will release its earnings data before the market opens on Friday, November 8th. Analysts expect AMC Networks to post earnings of $0.90 per share for the quarter. AMC Networks has set its FY 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Friday, August 9th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.28). AMC Networks had a net margin of 2.29% and a return on equity of 20.47%. The business had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $601.41 million. During the same period last year, the company earned $2.02 EPS. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, analysts expect AMC Networks to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

AMC Networks Stock Down 2.1 %

Shares of NASDAQ AMCX opened at $8.10 on Friday. AMC Networks has a 12-month low of $7.08 and a 12-month high of $20.97. The company has a market capitalization of $357.19 million, a PE ratio of 6.18 and a beta of 1.28. 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 firm’s 50-day moving average is $8.60 and its two-hundred day moving average is $10.90.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Seaport Res Ptn raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Wells Fargo & Company reduced their price objective on shares of 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 equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.50.

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.