AMC Networks (NASDAQ:AMCX) Issues Earnings Results, Beats Expectations By $0.15 EPS

Key Points

• AMC Networks reported earnings of $0.69 EPS, exceeding analysts' expectations by $0.15 EPS and generating revenue of $600.02 million for the quarter.
• The company's revenue declined 4.1% compared to the same quarter last year, as it had previously reported $1.24 EPS in the same period.
• Despite recent investment actions, Morgan Stanley reduced its price target from $6.00 to $5.50, with four analysts rating the stock as a sell, and the average rating remains a "Hold."

AMC Networks (NASDAQ:AMCX - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.15, Zacks reports. The firm had revenue of $600.02 million during the quarter, compared to the consensus estimate of $582.99 million. AMC Networks had a negative net margin of 10.68% and a positive return on equity of 17.26%. The firm's revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share. AMC Networks updated its FY 2025 guidance to EPS.

AMC Networks Price Performance

Shares of AMCX traded up $0.53 during mid-day trading on Friday, reaching $6.53. 3,150,129 shares of the company's stock were exchanged, compared to its average volume of 485,845. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 2.42. The company has a 50-day simple moving average of $6.22 and a two-hundred day simple moving average of $6.89. AMC Networks has a 52-week low of $5.41 and a 52-week high of $10.72. The company has a market cap of $293.39 million, a price-to-earnings ratio of -1.10 and a beta of 1.38.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cetera Investment Advisers purchased a new stake in AMC Networks in the 2nd quarter worth approximately $63,000. Empowered Funds LLC grew its stake in AMC Networks by 8.5% in the 1st quarter. Empowered Funds LLC now owns 200,273 shares of the company's stock worth $1,378,000 after acquiring an additional 15,738 shares during the period. Finally, Geode Capital Management LLC grew its stake in AMC Networks by 4.0% in the 2nd quarter. Geode Capital Management LLC now owns 933,023 shares of the company's stock worth $5,851,000 after acquiring an additional 36,203 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMCX has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of AMC Networks from $6.00 to $5.50 and set an "underweight" rating for the company in a research report on Monday, May 12th. Wall Street Zen upgraded shares of AMC Networks from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company reduced their price target on shares of AMC Networks from $8.00 to $4.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price target on shares of AMC Networks from $8.00 to $6.00 and set an "underweight" rating for the company in a research report on Monday, May 12th. Finally, UBS Group dropped their price objective on shares of AMC Networks from $8.00 to $6.00 and set a "sell" rating for the company in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $5.38.

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.

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