Equities research analysts expect that Amc Networks Inc (NASDAQ:AMCX) will report $740.31 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Amc Networks’ earnings, with estimates ranging from $735.61 million to $745.00 million. Amc Networks posted sales of $696.88 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.2%. The business is scheduled to report its next earnings results on Thursday, November 7th.
On average, analysts expect that Amc Networks will report full year sales of $3.09 billion for the current year, with estimates ranging from $3.08 billion to $3.10 billion. For the next financial year, analysts expect that the business will post sales of $3.18 billion, with estimates ranging from $3.15 billion to $3.21 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Amc Networks.
Amc Networks (NASDAQ:AMCX) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.65. Amc Networks had a return on equity of 127.16% and a net margin of 15.04%. The firm had revenue of $772.30 million for the quarter, compared to the consensus estimate of $783.03 million. During the same period in the previous year, the business earned $1.93 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year.
Shares of Amc Networks stock traded up $0.24 during trading on Tuesday, reaching $50.85. The company’s stock had a trading volume of 9,226 shares, compared to its average volume of 446,882. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 5.80. Amc Networks has a 12-month low of $46.31 and a 12-month high of $68.42. The company has a market capitalization of $2.84 billion, a P/E ratio of 5.86, a price-to-earnings-growth ratio of 0.64 and a beta of 0.86. The business has a 50 day moving average price of $50.63 and a 200-day moving average price of $55.62.
A number of institutional investors and hedge funds have recently bought and sold shares of AMCX. Trust Co. of Vermont purchased a new stake in Amc Networks during the second quarter worth $27,000. TRUE Private Wealth Advisors purchased a new stake in Amc Networks during the second quarter worth $29,000. Resources Investment Advisors LLC. purchased a new stake in Amc Networks during the second quarter worth $44,000. Icon Wealth Partners LLC purchased a new stake in Amc Networks during the first quarter worth $79,000. Finally, Bremer Bank National Association purchased a new stake in Amc Networks during the first quarter worth $92,000. Institutional investors own 85.92% of the company’s stock.
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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