AMC Networks (AMCX) Expected to Post Quarterly Sales of $721.48 Million

Wall Street analysts forecast that AMC Networks (NASDAQ:AMCX) will post sales of $721.48 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for AMC Networks’ earnings. The highest sales estimate is $725.10 million and the lowest is $717.92 million. AMC Networks posted sales of $720.19 million in the same quarter last year, which suggests a positive year over year growth rate of 0.2%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, May 3rd.

On average, analysts expect that AMC Networks will report full-year sales of $2.88 billion for the current year, with estimates ranging from $2.84 billion to $2.92 billion. For the next year, analysts expect that the company will post sales of $2.96 billion per share, with estimates ranging from $2.85 billion to $3.04 billion. Zacks’ sales averages are an average based on a survey of analysts that follow AMC Networks.

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AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Thursday, March 1st. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.19. AMC Networks had a return on equity of 531.46% and a net margin of 16.80%. The company had revenue of $726.93 million during the quarter, compared to the consensus estimate of $730.82 million. During the same quarter in the prior year, the firm earned $1.30 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year.

A number of equities research analysts have recently commented on the company. BidaskClub upgraded AMC Networks from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 19th. TheStreet raised shares of AMC Networks from a “c” rating to a “b-” rating in a research note on Thursday, December 21st. Macquarie downgraded shares of AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research note on Tuesday, January 2nd. Zacks Investment Research raised shares of AMC Networks from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Tuesday, January 2nd. Finally, Morgan Stanley boosted their target price on shares of AMC Networks from $55.00 to $57.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $59.55.

A number of large investors have recently made changes to their positions in AMCX. Xact Kapitalforvaltning AB acquired a new position in shares of AMC Networks in the fourth quarter worth $298,000. Sterling Capital Management LLC increased its stake in shares of AMC Networks by 6.5% in the fourth quarter. Sterling Capital Management LLC now owns 44,270 shares of the company’s stock worth $2,394,000 after acquiring an additional 2,690 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of AMC Networks in the fourth quarter worth $1,724,000. Gotham Asset Management LLC increased its stake in shares of AMC Networks by 46.3% in the fourth quarter. Gotham Asset Management LLC now owns 71,481 shares of the company’s stock worth $3,866,000 after acquiring an additional 22,638 shares during the last quarter. Finally, Clark Capital Management Group Inc. increased its stake in shares of AMC Networks by 8.0% in the fourth quarter. Clark Capital Management Group Inc. now owns 15,264 shares of the company’s stock worth $825,000 after acquiring an additional 1,129 shares during the last quarter. 90.51% of the stock is currently owned by institutional investors.

Shares of NASDAQ:AMCX opened at $50.59 on Monday. AMC Networks has a one year low of $46.89 and a one year high of $67.44. The firm has a market cap of $3,112.05, a PE ratio of 6.86, a P/E/G ratio of 0.86 and a beta of 0.79. The company has a debt-to-equity ratio of 19.07, a current ratio of 2.53 and a quick ratio of 2.53.

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AMC Networks Company Profile

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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Earnings History and Estimates for AMC Networks (NASDAQ:AMCX)

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