AMC Networks (AMCX) to Release Earnings on Friday

AMC Networks (NASDAQ:AMCX) is scheduled to announce its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of $1.78 per share for the quarter. AMC Networks has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. AMC Networks had a net margin of 7.95% and a return on equity of 30.42%. The company had revenue of $678.80 million for the quarter, compared to analysts’ expectations of $675.97 million. During the same quarter in the previous year, the company posted $2.52 EPS. The business’s revenue was down 29.6% compared to the same quarter last year. On average, analysts expect AMC Networks to post $7 EPS for the current fiscal year and $5 EPS for the next fiscal year.

AMC Networks Stock Up 1.9 %

AMCX stock opened at $12.76 on Wednesday. The firm has a market cap of $555.83 million, a PE ratio of 2.60 and a beta of 1.22. AMC Networks has a 12 month low of $9.87 and a 12 month high of $20.97. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a 50 day simple moving average of $11.78 and a 200 day simple moving average of $14.63.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMCX shares. Morgan Stanley decreased their target price on AMC Networks from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Monday, February 12th. StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. Finally, TheStreet upgraded shares of AMC Networks from a “d+” rating to a “c-” rating in a research report on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, AMC Networks has a consensus rating of “Hold” and a consensus price target of $11.75.

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.