AMC Networks Inc. (NASDAQ:AMCX) Receives Average Recommendation of "Reduce" from Brokerages

Key Points

• AMC Networks Inc. has received an average recommendation of "Reduce" from seven brokerages, with five analysts rating the stock as a sell and only two as a strong buy.
• The company's recent earnings report showed a beat on EPS with $0.69, exceeding estimates of $0.54, despite a 4.1% year-over-year revenue decline.
• AMC Networks' shares are trading down 4.7%, with a market cap of $326.25 million and a current stock price of $7.52.

Shares of AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) have been assigned an average recommendation of "Reduce" from the seven ratings firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $5.3750.

Several brokerages have weighed in on AMCX. Zacks Research raised AMC Networks from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of AMC Networks in a research note on Wednesday. Finally, Wells Fargo & Company reaffirmed an "underweight" rating on shares of AMC Networks in a research note on Sunday, August 10th.

Institutional Trading of AMC Networks

Several hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its stake in AMC Networks by 33.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 110,687 shares of the company's stock valued at $694,000 after acquiring an additional 27,466 shares in the last quarter. State of Wyoming bought a new stake in shares of AMC Networks in the 2nd quarter worth $51,000. Man Group plc raised its stake in shares of AMC Networks by 6.7% in the 2nd quarter. Man Group plc now owns 27,669 shares of the company's stock worth $173,000 after buying an additional 1,735 shares in the last quarter. Gallagher Fiduciary Advisors LLC raised its stake in shares of AMC Networks by 105.5% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 38,355 shares of the company's stock worth $240,000 after buying an additional 19,695 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in shares of AMC Networks in the 2nd quarter worth $475,000. Institutional investors own 78.51% of the company's stock.

AMC Networks Trading Down 4.7%

NASDAQ:AMCX opened at $7.52 on Friday. AMC Networks has a 12-month low of $5.41 and a 12-month high of $10.60. The firm has a market capitalization of $326.25 million, a P/E ratio of -1.72 and a beta of 1.47. 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 business has a 50 day simple moving average of $7.47 and a 200 day simple moving average of $6.68.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.15. The business had revenue of $600.02 million during the quarter, compared to analyst estimates of $582.99 million. AMC Networks had a positive return on equity of 15.73% and a negative net margin of 7.42%.The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 EPS. AMC Networks has set its FY 2025 guidance at EPS. Equities research analysts predict that AMC Networks will post 2.62 EPS for the current year.

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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