Q4 EPS Estimates for AMC Networks Boosted by Seaport Res Ptn

AMC Networks Inc. (NASDAQ:AMCX) – Research analysts at Seaport Res Ptn boosted their Q4 2024 earnings per share estimates for shares of AMC Networks in a report released on Monday, October 21st. Seaport Res Ptn analyst D. Joyce now expects that the company will earn $1.56 per share for the quarter, up from their previous forecast of $1.42. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for AMC Networks’ current full-year earnings is $4.86 per share. Seaport Res Ptn also issued estimates for AMC Networks’ Q1 2025 earnings at $1.60 EPS.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, August 9th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.28). AMC Networks had a return on equity of 20.47% and a net margin of 2.29%. The company had revenue of $625.90 million for the quarter, compared to analyst estimates of $601.41 million. During the same period last year, the business earned $2.02 EPS. The business’s quarterly revenue was down 7.8% compared to the same quarter last year.

Several other analysts also recently commented on the company. StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Wells Fargo & Company cut their price target on AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AMC Networks presently has an average rating of “Hold” and an average target price of $9.50.

AMC Networks Trading Up 2.6 %

AMCX opened at $8.13 on Wednesday. The company has a fifty day moving average price of $8.75 and a two-hundred day moving average price of $10.98. AMC Networks has a 1-year low of $7.08 and a 1-year high of $20.97. The company has a market cap of $353.94 million, a P/E ratio of 2.28 and a beta of 1.28. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.17.

Institutional Investors Weigh In On AMC Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in AMC Networks by 18.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock valued at $15,703,000 after acquiring an additional 250,738 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of AMC Networks by 6.8% in the second quarter. American Century Companies Inc. now owns 707,708 shares of the company’s stock valued at $6,836,000 after purchasing an additional 45,266 shares in the last quarter. Dana Investment Advisors Inc. lifted its holdings in shares of AMC Networks by 40.8% in the second quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company’s stock valued at $5,164,000 after purchasing an additional 154,927 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of AMC Networks during the second quarter valued at approximately $4,456,000. Finally, Allspring Global Investments Holdings LLC raised its position in AMC Networks by 20.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 336,754 shares of the company’s stock valued at $2,926,000 after buying an additional 57,952 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

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.