AMC Networks (NASDAQ:AMCX – Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.41), Zacks reports. The business had revenue of $599.30 million during the quarter, compared to analyst estimates of $611.26 million. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS.
AMC Networks Trading Down 7.9 %
AMCX traded down $0.78 during mid-day trading on Friday, reaching $9.06. The stock had a trading volume of 625,365 shares, compared to its average volume of 408,608. The firm’s fifty day simple moving average is $9.52 and its two-hundred day simple moving average is $9.19. The stock has a market capitalization of $399.86 million, a P/E ratio of 14.39 and a beta of 1.31. AMC Networks has a 52 week low of $7.08 and a 52 week high of $18.58. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32.
Wall Street Analyst Weigh In
Several equities analysts recently commented on AMCX shares. Morgan Stanley cut their target price on AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, November 12th. StockNews.com upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Seaport Res Ptn raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd.
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.
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