AMC Networks (AMCX) to Release Quarterly Earnings on Friday

AMC Networks (NASDAQ:AMCX) is expected to be releasing its earnings data before the market opens on Friday, February 7th. Analysts expect AMC Networks to post earnings of $1.17 per share and revenue of $611.26 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The company had revenue of $599.60 million during the quarter, compared to the consensus estimate of $587.12 million. During the same period last year, the company earned $1.85 earnings per share. AMC Networks’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 Trading Down 3.8 %

Shares of AMCX opened at $9.86 on Friday. The company’s fifty day simple moving average is $9.47 and its 200-day simple moving average is $9.26. The company has a market cap of $435.02 million, a P/E ratio of 15.65 and a beta of 1.32. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 2.03. AMC Networks has a twelve month low of $7.08 and a twelve month high of $19.27.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMCX. Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley reduced their target price 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. Finally, StockNews.com upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AMC Networks currently has a consensus rating of “Hold” and a consensus price target 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.