Amc Networks Inc (NASDAQ:AMCX) – Gabelli cut their FY2019 earnings per share (EPS) estimates for Amc Networks in a report issued on Thursday, May 2nd. Gabelli analyst B. Harriss now expects that the company will post earnings of $8.60 per share for the year, down from their previous estimate of $9.00. Gabelli also issued estimates for Amc Networks’ FY2020 earnings at $9.60 EPS, FY2021 earnings at $10.40 EPS and FY2022 earnings at $11.45 EPS.
Amc Networks (NASDAQ:AMCX) last issued its earnings results on Wednesday, May 1st. The company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.39. Amc Networks had a return on equity of 152.19% and a net margin of 14.35%. The business had revenue of $784.22 million for the quarter, compared to analyst estimates of $775.37 million. During the same quarter last year, the company earned $2.65 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis.
Shares of NASDAQ AMCX opened at $57.15 on Monday. The company has a current ratio of 2.66, a quick ratio of 2.46 and a debt-to-equity ratio of 6.82. Amc Networks has a fifty-two week low of $51.04 and a fifty-two week high of $69.02. The stock has a market cap of $3.16 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.85 and a beta of 0.81.
Several hedge funds have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Amc Networks by 4.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,396 shares of the company’s stock worth $420,000 after acquiring an additional 311 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of Amc Networks in the first quarter worth $74,000. Texas Permanent School Fund raised its holdings in shares of Amc Networks by 3.0% in the first quarter. Texas Permanent School Fund now owns 30,371 shares of the company’s stock worth $1,724,000 after acquiring an additional 894 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Amc Networks by 30.3% in the first quarter. Sigma Planning Corp now owns 7,736 shares of the company’s stock worth $439,000 after acquiring an additional 1,799 shares during the last quarter. Finally, Convergence Investment Partners LLC raised its holdings in shares of Amc Networks by 105.4% in the first quarter. Convergence Investment Partners LLC now owns 14,607 shares of the company’s stock worth $829,000 after acquiring an additional 7,496 shares during the last quarter. Institutional investors own 88.43% of the company’s stock.
In related news, EVP James Gallagher sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $62.98, for a total transaction of $440,860.00. Following the transaction, the executive vice president now owns 15,964 shares in the company, valued at approximately $1,005,412.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 20.97% of the company’s stock.
About Amc Networks
AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.
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