AMC Networks Company Profile (NASDAQ:AMCX)

AMC Networks trades on the NASDAQ under the ticker symbol "AMCX."

AMC Networks announced that its board has approved a share repurchase program on Thursday, June 8th 2017, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 13.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

AMC Networks Inc. (NASDAQ:AMCX) issued its quarterly earnings results on Thursday, May, 4th. The company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.10. The company had revenue of $720.19 million for the quarter, compared to analyst estimates of $720.15 million. AMC Networks had a net margin of 10.59% and a return on equity of 502.40%. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $2.09 EPS. View AMC Networks' Earnings History.

AMC Networks is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for AMC Networks.

15 brokerages have issued 1 year target prices for AMC Networks' shares. Their predictions range from $37.00 to $73.00. On average, they expect AMC Networks' share price to reach $60.18 in the next year. View Analyst Ratings for AMC Networks.

Here are some recent quotes from research analysts about AMC Networks stock:

• 1. According to Zacks Investment Research, "AMC Networks Inc. is engaged in producing programming and movie content. It owns and operates various cable televisions. Its programming networks include AMC, IFC, Sundance Channel, WE tv, and IFC films. The AMC is a television network which focuses on the original programming and movie-based entertainment. IFC creates long and short-form content inspired by music, web, gaming, animation, news, and culture. The Sundance Channel is the television destination for independent-minded viewers. The WE tv is the women's network specially devoted to the relationships during life's defining moments. The IFC films consist of multiple brands that bring specialty films to the largest possible audience. AMC Networks Inc. is headquartered in New York, New York. " (4/25/2017)
• 2. Guggenheim analysts commented, "Several press outlets reported that AMC Networks is planning an ad-free online streaming service that will be exclusively available to authenticated pay-TV subscribers. To date, the company has not confirmed the reports, though we consider the product launch to be likely. The service, which according to the press articles is expected to price between $4.99 and $6.99 monthly, would likely provide enhancements to the traditional linear offering including exclusive full in-season ondemand program availability, additional program content beyond what is possible on ad-supported linear TV, and the elimination of commercial interruptions. For comparison, we estimate that AMCX currently earns an average of $0.83 per subscriber per month in its traditional distribution arrangements... We are maintaining our BUY rating and our $70 price target, which is based on 11x our 2017 EPS estimate of $6.25 (up from our prior $6.24). Our target multiple is a 40% discount to the S&P 500 and a 33% discount to large-cap media peers, which reflects our expectation of ongoing concern around the maturity of The Walking Dead franchise. We continue to believe that the market value under-appreciates the company's ability to develop and monetize compelling programming, supporting our BUY rating." (3/28/2017)
• 3. Instinet analysts commented, "AMCX reported 4Q earnings of $1.30, above Street estimates, and we believe the 2017 outlook could reassure investors, particularly given expectations for modest YoY affiliate growth acceleration... We came away from the earnings call encouraged by AMCX's content pipeline, its financial, outlook and its strengthening balance sheet. We increase our 2017 EPS estimates to $5.98 from $5.95, given commentary around ad trends, affiliate trajectory and margins." (2/24/2017)

Some companies that are related to AMC Networks include Live Nation Entertainment (LYV), Mattel (MAT), Gildan Activewear (GIL), Leggett & Platt, Incorporated (LEG), Liberty Media Corporation (FWONA), Man Wah Holdings Ltd (MAWHY), UbiSoft Entertainment (UBSFY), H&R Block (HRB), SJM Holdings (SJMHF), Ralph Lauren Corporation (RL), China Lodging Group, Limited (HTHT), Polaris Industries (PII), Brunswick Corporation (BC), Michael Kors Holdings Limited (KORS), Six Flags Entertainment Corporation New (SIX), News Corporation (NWSA), HUGO BOSS (BOSSY) and Dolby Laboratories (DLB).

AMC Networks' management team includes the folowing people:

• Charles F. Dolan, Executive Chairman of the Board
• Joshua W. Sapan, President, Chief Executive Officer
• Sean S. Sullivan, Chief Financial Officer, Executive Vice President
• Edward A. Carroll, Chief Operating Officer
• Christian B. Wymbs, Executive Vice President, Chief Accounting Officer
• James G. Gallagher, Executive Vice President, General Counsel
• William J. Bell, Director
• James L. Dolan, Director
• Kristin A. Dolan, Director
• Patrick F. Dolan, Director

AMC Networks' stock is owned by a number of of institutional and retail investors. Top institutional investors include Clearbridge Investments LLC (12.90%), BlackRock Inc. (0.00%), Vanguard Group Inc. (0.00%), Shapiro Capital Management LLC (0.00%), Jennison Associates LLC (2.39%) and State Street Corp (2.28%). Company insiders that own AMC Networks stock include James Gallagher, James Lawrence Dolan and Marianne Dolan Weber. View Institutional Ownership Trends for AMC Networks.

AMC Networks' stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., FMR LLC, GMT Capital Corp, Westwood Holdings Group Inc., Renaissance Technologies LLC, Gotham Asset Management LLC, Cornerstone Capital Management Holdings LLC. and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for AMC Networks.

AMC Networks' stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Omega Advisors Inc., Los Angeles Capital Management & Equity Research Inc., Morgan Stanley, LSV Asset Management, Hancock Holding Co., Jennison Associates LLC and Lazard Asset Management LLC. View Insider Buying and Selling for AMC Networks.

Shares of AMC Networks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of AMC Networks stock can currently be purchased for approximately $54.03.