AMC Networks (NASDAQ:AMCX) Announces Earnings Results

AMC Networks (NASDAQ:AMCX) issued its quarterly earnings results on Friday. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41), Zacks reports. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The company had revenue of $599.30 million during the quarter, compared to the consensus estimate of $611.26 million. During the same period in the previous year, the company earned $0.72 EPS. AMC Networks’s quarterly revenue was down 11.7% on a year-over-year basis.

AMC Networks Stock Down 7.9 %

AMC Networks stock traded down $0.78 during mid-day trading on Friday, hitting $9.06. The company had a trading volume of 682,029 shares, compared to its average volume of 410,451. AMC Networks has a 12 month low of $7.08 and a 12 month high of $18.58. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 2.03. The stock’s 50 day moving average price is $9.52 and its two-hundred day moving average price is $9.19. The company has a market capitalization of $399.82 million, a PE ratio of 14.39 and a beta of 1.31.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley reduced their target price on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, November 12th.

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.