AMC Networks (AMCX) Set to Announce Quarterly Earnings on Friday

AMC Networks (NASDAQ:AMCXGet Free Report) is scheduled to be issuing its quarterly earnings data 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

AMC Networks (NASDAQ:AMCXGet Free Report) last released its earnings results on Friday, February 9th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $678.80 million during the quarter, compared to the consensus estimate of $675.97 million. AMC Networks had a net margin of 7.95% and a return on equity of 30.42%. The company’s revenue for the quarter was down 29.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.52 EPS. 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 4.1 %

Shares of NASDAQ AMCX opened at $13.28 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.14. The firm has a market cap of $578.48 million, a PE ratio of 2.71 and a beta of 1.22. The company’s fifty day simple moving average is $11.79 and its 200 day simple moving average is $14.62. AMC Networks has a 12-month low of $9.87 and a 12-month high of $20.97.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMCX. Morgan Stanley dropped their price objective on shares of AMC Networks from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Monday, February 12th. cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Finally, TheStreet raised 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, AMC Networks presently has an average rating of “Hold” and an average target price of $11.75.

Check Out Our Latest Stock Analysis on AMCX

AMC Networks Company Profile

(Get Free Report)

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.

Read More

Earnings History for AMC Networks (NASDAQ:AMCX)

Receive News & Ratings for AMC Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks and related companies with's FREE daily email newsletter.