AMC Networks (NASDAQ:AMCX) Announces Quarterly Earnings Results

AMC Networks (NASDAQ:AMCX) issued its quarterly earnings data on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.13), Zacks reports. AMC Networks had a positive return on equity of 15.73% and a negative net margin of 7.42%.The company had revenue of $561.74 million for the quarter, compared to analyst estimates of $549.27 million. During the same quarter last year, the business earned $0.91 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. AMC Networks updated its FY 2025 guidance to EPS.

AMC Networks Price Performance

NASDAQ:AMCX traded up $0.27 during mid-day trading on Friday, reaching $7.52. The stock had a trading volume of 581,879 shares, compared to its average volume of 536,805. AMC Networks has a 12 month low of $5.41 and a 12 month high of $10.60. The stock has a market capitalization of $326.25 million, a PE ratio of -1.72 and a beta of 1.43. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a 50-day simple moving average of $7.74 and a two-hundred day simple moving average of $6.85.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMCX. Wells Fargo & Company reissued an “underweight” rating on shares of AMC Networks in a report on Sunday, August 10th. Zacks Research lowered shares of AMC Networks from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AMC Networks in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average target price of $5.38.

Institutional Trading of AMC Networks

Several large investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in AMC Networks in the second quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of AMC Networks by 133.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,786 shares of the company’s stock valued at $30,000 after purchasing an additional 2,735 shares in the last quarter. State of Wyoming bought a new stake in shares of AMC Networks during the 2nd quarter valued at approximately $51,000. First Trust Advisors LP acquired a new position in AMC Networks during the 2nd quarter worth approximately $63,000. Finally, Cetera Investment Advisers acquired a new position in AMC Networks during the 2nd quarter worth approximately $63,000. 78.51% of the stock is owned by institutional investors and hedge funds.

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.