Equities research analysts expect Amc Networks Inc (NASDAQ:AMCX) to announce $772.70 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Amc Networks’ earnings, with estimates ranging from $771.09 million to $774.30 million. Amc Networks reported sales of $740.82 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The company is expected to issue its next earnings report before the market opens on Wednesday, May 1st.
According to Zacks, analysts expect that Amc Networks will report full-year sales of $3.09 billion for the current financial year, with estimates ranging from $2.99 billion to $3.14 billion. For the next year, analysts expect that the company will post sales of $3.18 billion, with estimates ranging from $3.12 billion to $3.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Amc Networks.
Amc Networks (NASDAQ:AMCX) last issued its earnings results on Thursday, February 28th. The company reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.11. The firm had revenue of $772.85 million during the quarter, compared to analysts’ expectations of $757.41 million. Amc Networks had a net margin of 15.01% and a return on equity of 187.32%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share.
NASDAQ:AMCX traded up $0.03 during trading hours on Thursday, reaching $59.64. 573,300 shares of the company’s stock were exchanged, compared to its average volume of 656,720. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.96 and a beta of 0.81. Amc Networks has a 12 month low of $50.45 and a 12 month high of $69.02. The company has a debt-to-equity ratio of 9.01, a quick ratio of 2.46 and a current ratio of 2.46.
In related news, EVP James Gallagher sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $62.98, for a total value of $440,860.00. Following the completion of the transaction, the executive vice president now owns 15,964 shares of the company’s stock, valued at approximately $1,005,412.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.97% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Amc Networks by 17.4% during the 4th quarter. BlackRock Inc. now owns 5,203,167 shares of the company’s stock valued at $285,548,000 after acquiring an additional 771,535 shares in the last quarter. LSV Asset Management boosted its position in Amc Networks by 1.7% in the fourth quarter. LSV Asset Management now owns 2,716,865 shares of the company’s stock worth $149,101,000 after purchasing an additional 46,280 shares during the last quarter. Investec Asset Management LTD boosted its position in Amc Networks by 4.6% in the fourth quarter. Investec Asset Management LTD now owns 2,549,354 shares of the company’s stock worth $139,909,000 after purchasing an additional 111,427 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Amc Networks by 12.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 885,738 shares of the company’s stock worth $48,610,000 after purchasing an additional 97,634 shares during the last quarter. Finally, Boston Partners boosted its position in Amc Networks by 6.5% in the fourth quarter. Boston Partners now owns 842,756 shares of the company’s stock worth $46,251,000 after purchasing an additional 51,602 shares during the last quarter. Institutional investors own 88.43% 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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