AMC Networks (AMCX) to Release Earnings on Friday

AMC Networks (NASDAQ:AMCX) is set to post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect AMC Networks to post earnings of $0.90 per share for the quarter. AMC Networks has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, August 9th. The company reported $1.24 earnings per share (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 the consensus estimate of $601.41 million. During the same period in the previous year, the firm posted $2.02 EPS. The company’s revenue was down 7.8% compared to the same quarter last year. On average, analysts expect AMC Networks to post $5 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AMC Networks Price Performance

NASDAQ:AMCX opened at $8.39 on Thursday. AMC Networks has a 52 week low of $7.08 and a 52 week high of $20.97. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.13 and a current ratio of 2.13. The firm’s 50-day simple moving average is $8.39 and its 200 day simple moving average is $10.83. The firm has a market cap of $370.00 million, a price-to-earnings ratio of 6.40 and a beta of 1.29.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company dropped their price objective on AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Finally, StockNews.com lowered AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Two equities research 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, AMC Networks presently has a consensus rating of “Hold” and an average price target of $9.50.

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.