AMC Networks (NASDAQ:AMCX – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41), Zacks reports. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The business 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 business posted $0.72 earnings per share. AMC Networks’s revenue was down 11.7% compared to the same quarter last year. AMC Networks updated its FY 2025 guidance to EPS.
AMC Networks Trading Down 10.7 %
AMCX opened at $8.79 on Friday. The stock has a market capitalization of $387.81 million, a P/E ratio of 13.95 and a beta of 1.31. AMC Networks has a 12 month low of $7.08 and a 12 month high of $18.58. The firm’s fifty day simple moving average is $9.50 and its 200 day simple moving average is $9.18. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 2.03.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on AMCX shares. StockNews.com raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Seaport Res Ptn raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley reduced their price target on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th.
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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