Q3 EPS Estimates for AMC Networks Lowered by Seaport Res Ptn

AMC Networks Inc. (NASDAQ:AMCX) – Research analysts at Seaport Res Ptn reduced their Q3 2024 earnings estimates for shares of AMC Networks in a research note issued to investors on Monday, October 21st. Seaport Res Ptn analyst D. Joyce now expects that the company will earn $1.09 per share for the quarter, down from their previous forecast of $2.15. Seaport Res Ptn 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’ FY2024 earnings at $5.06 EPS, Q2 2025 earnings at $1.32 EPS, Q3 2025 earnings at $1.17 EPS, Q4 2025 earnings at $1.49 EPS, FY2025 earnings at $5.58 EPS and FY2026 earnings at $5.51 EPS.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, August 9th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.28). AMC Networks had a net margin of 2.29% and a return on equity of 20.47%. The business had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $601.41 million. During the same period in the previous year, the company posted $2.02 earnings per share. AMC Networks’s quarterly revenue was down 7.8% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the company. StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Wells Fargo & Company reduced their target price on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.50.

AMC Networks Stock Down 0.4 %

AMC Networks stock opened at $8.09 on Thursday. The stock has a 50 day moving average of $8.72 and a two-hundred day moving average of $10.96. AMC Networks has a twelve month low of $7.08 and a twelve month high of $20.97. The stock has a market capitalization of $352.42 million, a price-to-earnings ratio of 2.27 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 Trading of AMC Networks

Institutional investors have recently modified their holdings of the business. Marshall Wace LLP acquired a new stake in AMC Networks in the second quarter valued at $4,456,000. Dimensional Fund Advisors LP lifted its stake in shares of AMC Networks by 18.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock valued at $15,703,000 after purchasing an additional 250,738 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in AMC Networks by 234.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 278,802 shares of the company’s stock worth $2,693,000 after buying an additional 195,444 shares in the last quarter. Koss Olinger Consulting LLC acquired a new position in AMC Networks during the second quarter worth about $1,569,000. Finally, Dana Investment Advisors Inc. grew its position in AMC Networks by 40.8% during the second quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company’s stock worth $5,164,000 after buying an additional 154,927 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

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.