AMC Networks (NASDAQ:AMCX) Issues Quarterly Earnings Results, Misses Expectations By $0.41 EPS

AMC Networks (NASDAQ:AMCX) announced its 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 net margin of 1.45% and a return on equity of 17.41%. The business had revenue of $599.30 million for the quarter, compared to analysts’ expectations of $611.26 million. During the same period in the prior year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was down 11.7% on a year-over-year basis.

AMC Networks Price Performance

AMCX traded down $0.78 during trading on Friday, reaching $9.06. 682,029 shares of the company traded hands, compared to its average volume of 410,451. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market cap of $399.82 million, a P/E ratio of 14.39 and a beta of 1.31. The firm has a fifty day simple moving average of $9.52 and a 200 day simple moving average of $9.19. AMC Networks has a 12-month low of $7.08 and a 12-month high of $18.58.

Analysts Set New Price Targets

A number of analysts have commented on the company. Morgan Stanley reduced their price target 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 raised shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd.

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.