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. Investors that are interested in participating in the company’s conference call can do so using this link.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.29. The company had revenue of $599.60 million during the quarter, compared to analyst estimates of $587.12 million. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 EPS. 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 NASDAQ:AMCX opened at $9.45 on Thursday. The firm’s 50 day simple moving average is $9.48 and its 200 day simple moving average is $9.22. AMC Networks has a fifty-two week low of $7.08 and a fifty-two week high of $18.58. The company has a market capitalization of $416.93 million, a price-to-earnings ratio of 15.00 and a beta of 1.31. 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 Upgrades and Downgrades

AMCX has been the topic of several analyst reports. StockNews.com upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Morgan Stanley dropped 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. Finally, Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.50.

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.