AMC Networks Q4 EPS Estimate Increased by Seaport Res Ptn

AMC Networks Inc. (NASDAQ:AMCX) – Seaport Res Ptn boosted their Q4 2024 earnings per share (EPS) estimates for AMC Networks in a report issued on Monday, October 21st. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $1.56 per share for the quarter, up from their prior estimate of $1.42. Seaport Res Ptn currently 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’ Q1 2025 earnings at $1.60 EPS.

Other equities 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 report on Friday, July 12th. Wells Fargo & Company cut their target price on 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 investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.50.

AMC Networks Stock Up 2.6 %

NASDAQ AMCX opened at $7.86 on Wednesday. AMC Networks has a twelve month low of $7.08 and a twelve month high of $20.97. The stock has a market cap of $342.40 million, a PE ratio of 2.20 and a beta of 1.28. The firm has a 50-day simple moving average of $8.81 and a 200 day simple moving average of $11.02. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.13 and a current ratio of 2.13.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMCX. Dimensional Fund Advisors LP grew its stake in shares of AMC Networks by 18.2% in the 2nd 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. American Century Companies Inc. grew its position in AMC Networks by 6.8% in the second quarter. American Century Companies Inc. now owns 707,708 shares of the company’s stock valued at $6,836,000 after acquiring an additional 45,266 shares during the period. Dana Investment Advisors Inc. raised its stake 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 acquiring an additional 154,927 shares in the last quarter. Marshall Wace LLP bought a new position in shares of AMC Networks during the second quarter valued at $4,456,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of AMC Networks by 20.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 336,754 shares of the company’s stock valued at $2,926,000 after acquiring an additional 57,952 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

About AMC Networks

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.