AMC Networks Company Profile (NASDAQ:AMCX)

About AMC Networks (NASDAQ:AMCX)

AMC Networks logoAMC Networks Inc. is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada. The International and Other segment includes AMC Networks International (AMCNI), the Company's international programming businesses consisting of a portfolio of channels in Europe, Latin America, the Middle East and parts of Asia and Africa; IFC Films, the Company's independent film distribution business; AMCNI- DMC, the broadcast solutions unit of certain networks of AMCNI and third-party networks, and various developing online content distribution initiatives. National Networks' programming networks include AMC, WE tv, BBC AMERICA and SundanceTV.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Television Broadcasting
  • Sub-Industry: Cable & Satellite
  • Symbol: NASDAQ:AMCX
  • CUSIP: 00164V10
  • Web: www.amcnetworks.com
Capitalization:
  • Market Cap: $3.48 billion
  • Outstanding Shares: 63,565,000
Average Prices:
  • 50 Day Moving Avg: $57.81
  • 200 Day Moving Avg: $57.66
  • 52 Week Range: $46.17 - $67.61
P/E:
  • Trailing P/E Ratio: 12.31
  • Foreward P/E Ratio: 7.93
  • P/E Growth: 0.80
Sales & Book Value:
  • Annual Revenue: $2.79 billion
  • Price / Sales: 1.25
  • Book Value: $0.46 per share
  • Price / Book: 119.11
Profitability:
  • EBITDA: $859.59 million
  • Net Margins: 11.40%
  • Return on Equity: 683.16%
  • Return on Assets: 9.65%
Debt:
  • Debt-to-Equity Ratio: 43.05%
  • Current Ratio: 1.55%
  • Quick Ratio: 1.55%
Misc:
  • Average Volume: 708,783 shs.
  • Beta: 1.06
  • Short Ratio: 7.4
 

Frequently Asked Questions for AMC Networks (NASDAQ:AMCX)

What is AMC Networks' stock symbol?

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

How will AMC Networks' stock buyback program work?

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

How were AMC Networks' earnings last quarter?

AMC Networks Inc. (NASDAQ:AMCX) issued its earnings results on Thursday, August, 3rd. The company reported $1.88 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.41 by $0.47. The business had revenue of $710.55 million for the quarter, compared to the consensus estimate of $715.23 million. AMC Networks had a return on equity of 683.16% and a net margin of 11.40%. The firm's revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 earnings per share. View AMC Networks' Earnings History.

When will AMC Networks make its next earnings announcement?

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

Where is AMC Networks' stock going? Where will AMC Networks' stock price be in 2017?

13 equities research analysts have issued 1 year target prices for AMC Networks' stock. Their forecasts range from $37.00 to $72.00. On average, they expect AMC Networks' stock price to reach $60.10 in the next twelve months. View Analyst Ratings for AMC Networks.

What are analysts saying about AMC Networks stock?

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. " (7/14/2017)
  • 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)
  • 4. Stifel Nicolaus analysts commented, "Following the 4Q16 earnings call, we are upgrading AMC Networks from a Hold to a Buy and establishing a target price of $70. The upgrade comes after better than expected advertising in the quarter despite materially down Walking Dead ratings indicating considerable ad monetization outside of that window and the continued attractiveness of the show in a fragmented market. We raise our estimates and view guidance as conservative. We are Buy rated." (2/24/2017)
  • 5. Jefferies Group LLC analysts commented, "Comments made by AMCX management earlier today indicate that 4Q domestic advertising growth is trending below expectations largely due to weaker ratings. We are lowering our 4Q ad growth estimate to +1% (from +6%), resulting in full year growth of 4% (in line with mgmt commentary). Erosion of ratings for returning shows across the broader TV universe remain an issue. Ratings Delivery Impacting Ad Growth. Management highlighted that the company now expects ad growth of 4% for 2016, down from the original expectation of +5.5%. This implies ad growth in the 4th quarter of ~1%, below the original 4Q guide of +6%." (12/7/2016)

Who are some of AMC Networks' key competitors?

Who are AMC Networks' key executives?

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

Who owns AMC Networks stock?

AMC Networks' stock is owned by many different of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.17%), Mutual of America Capital Management LLC (0.13%), State Treasurer State of Michigan (0.03%), Rockefeller Financial Services Inc. (0.01%) and Meeder Asset Management Inc. (0.01%). Company insiders that own AMC Networks stock include James Gallagher, James Lawrence Dolan and Marianne Dolan Weber. View Institutional Ownership Trends for AMC Networks.

Who sold AMC Networks stock? Who is selling AMC Networks stock?

AMC Networks' stock was sold by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC and State Treasurer State of Michigan. View Insider Buying and Selling for AMC Networks.

Who bought AMC Networks stock? Who is buying AMC Networks stock?

AMC Networks' stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Meeder Asset Management Inc. and Rockefeller Financial Services Inc.. View Insider Buying and Selling for AMC Networks.

How do I buy AMC Networks stock?

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.

What is AMC Networks' stock price today?

One share of AMC Networks stock can currently be purchased for approximately $54.79.


MarketBeat Community Rating for AMC Networks (NASDAQ AMCX)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  405 (Vote Outperform)
Underperform Votes:  440 (Vote Underperform)
Total Votes:  845
MarketBeat's community ratings are surveys of what our community members think about AMC Networks and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for AMC Networks (NASDAQ:AMCX) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 9 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.15)
Consensus Price Target: $60.10 (9.69% upside)
Consensus Price Target History for AMC Networks (NASDAQ:AMCX)
Price Target History for AMC Networks (NASDAQ:AMCX)
Analysts' Ratings History for AMC Networks (NASDAQ:AMCX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/19/2017Loop CapitalLower Price TargetHold$61.00 -> $60.00N/AView Rating Details
10/12/2017GuggenheimDowngradeBuy -> NeutralN/AView Rating Details
10/10/2017Wells Fargo & CompanyInitiated CoverageOutperform$72.00N/AView Rating Details
9/21/2017Cowen and CompanyReiterated RatingHold$53.00LowView Rating Details
9/12/2017Sanford C. BernsteinReiterated RatingMarket PerformLowView Rating Details
9/12/2017Jefferies Group LLCReiterated RatingHold$65.00LowView Rating Details
6/9/2017Moffett NathansonReiterated RatingSellHighView Rating Details
5/8/2017Deutsche Bank AGLower Price TargetHold$65.00 -> $61.00LowView Rating Details
4/10/2017Piper Jaffray CompaniesDowngradeOverweight -> NeutralMediumView Rating Details
2/24/2017InstinetBoost Price TargetPositive$63.00 -> $65.00N/AView Rating Details
2/24/2017Stifel NicolausUpgradeHold -> Buy$56.00 -> $70.00N/AView Rating Details
1/11/2017Albert Fried & CompanyReiterated RatingHoldN/AView Rating Details
11/4/2016Pacific CrestReiterated RatingHold -> NeutralN/AView Rating Details
10/6/2016FBR & CoInitiated CoverageOutperformN/AView Rating Details
10/6/2016FBN SecuritiesReiterated RatingOutperformN/AView Rating Details
9/22/2016NomuraLower Price TargetBuy$70.00 -> $63.00N/AView Rating Details
8/5/2016Goldman Sachs Group, Inc. (The)Lower Price TargetBuy$84.00 -> $73.00N/AView Rating Details
8/5/2016J P Morgan Chase & CoLower Price TargetNeutral$66.00 -> $62.00N/AView Rating Details
6/22/2016Morgan StanleyDowngradeOverweight -> Equal Weight$78.00 -> $65.00N/AView Rating Details
4/26/2016MacquarieUpgradeNeutral -> Outperform$82.00N/AView Rating Details
3/30/2016Topeka Capital MarketsLower Price TargetHold$71.00 -> $69.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for AMC Networks (NASDAQ:AMCX)
Earnings by Quarter for AMC Networks (NASDAQ:AMCX)
Earnings History by Quarter for AMC Networks (NASDAQ AMCX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2017$1.18N/AView Earnings Details
8/3/2017Q2 2017$1.41$1.88$715.23 million$710.55 millionViewListenView Earnings Details
5/4/2017Q1 2017$2.00$2.10$720.15 million$720.19 millionViewListenView Earnings Details
2/23/2017Q416$1.26$1.30$709.83 million$729.60 millionViewN/AView Earnings Details
11/3/2016Q316$1.02$1.01$660.58 million$634.60 millionViewN/AView Earnings Details
8/4/2016Q216$1.28$1.28$676.87 million$685.00 millionViewListenView Earnings Details
5/5/2016Q116$1.79$1.99$695.47 million$707.00 millionViewN/AView Earnings Details
2/25/2016Q415$1.18$1.31$675.02 million$678.95 millionViewListenView Earnings Details
11/5/2015Q315$0.87$1.09$604.81 million$605.05 millionViewN/AView Earnings Details
8/6/2015Q215$0.97$1.23$592.97 million$601.00 millionViewN/AView Earnings Details
5/4/2015Q115$1.48$1.66$655.66 million$668.68 millionViewN/AView Earnings Details
2/26/2015Q414$1.03$1.15$602.42 million$609.44 millionViewN/AView Earnings Details
11/6/2014Q314$0.75$0.74$511.06 million$519.60 millionViewListenView Earnings Details
8/7/2014Q214$0.87$0.90$514.30 million$522.10 millionViewN/AView Earnings Details
5/8/2014Q114$1.16$1.04$507.53 million$525.00 millionViewListenView Earnings Details
2/27/2014Q4$0.77$0.49$418.90 million$435.00 millionViewListenView Earnings Details
11/7/2013Q313$0.85$0.81$393.40 million$395.30 millionViewN/AView Earnings Details
8/8/2013Q2 2013$0.78$1.87$368.08 million$379.30 millionViewN/AView Earnings Details
5/9/2013Q1 2013$0.80$0.85$365.98 million$382.00 millionViewN/AView Earnings Details
2/26/2013Q4 2012$0.63$0.21$370.03 million$367.70 millionViewN/AView Earnings Details
11/8/2012Q312$0.36$0.51$292.08 million$332.10 millionViewN/AView Earnings Details
8/9/2012$0.58$0.59ViewN/AView Earnings Details
5/10/2012$0.45$0.60ViewN/AView Earnings Details
11/10/2011$0.47$0.55ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for AMC Networks (NASDAQ:AMCX)
2017 EPS Consensus Estimate: $6.33
2018 EPS Consensus Estimate: $7.06
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$2.05$2.11$2.08
Q2 20173$1.39$1.47$1.44
Q3 20173$1.16$1.41$1.31
Q4 20173$1.14$1.74$1.50
Q1 20182$2.08$2.19$2.14
Q2 20181$1.83$1.83$1.83
Q3 20181$1.32$1.32$1.32
Q4 20182$1.72$1.83$1.78
Q1 20191$2.26$2.26$2.26
Q2 20191$1.85$1.85$1.85
(Data provided by Zacks Investment Research)

Dividends

Dividend History for AMC Networks (NASDAQ:AMCX)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for AMC Networks (NASDAQ:AMCX)
Insider Ownership Percentage: 17.67%
Institutional Ownership Percentage: 84.94%
Insider Trades by Quarter for AMC Networks (NASDAQ:AMCX)
Institutional Ownership by Quarter for AMC Networks (NASDAQ:AMCX)
Insider Trades by Quarter for AMC Networks (NASDAQ:AMCX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/20/2017James GallagherEVPSell4,000$58.75$235,000.00View SEC Filing  
3/8/2016James Lawrence DolanInsiderSell65,000$66.89$4,347,850.00View SEC Filing  
11/11/2015Marianne Dolan WeberinsiderSell1,000$78.28$78,280.00View SEC Filing  
5/22/2015James GallagherEVPSell1,000$77.49$77,490.00View SEC Filing  
5/6/2015Edward A CarrollCOOSell8,250$79.20$653,400.00View SEC Filing  
3/26/2015Brian SweeneyDirectorSell1,875$73.59$137,981.25View SEC Filing  
3/17/2015John P GiraldoCAOSell3,976$72.18$286,987.68View SEC Filing  
5/28/2014Patrick Francis DolanInsiderSell2,886$61.55$177,633.30View SEC Filing  
3/11/2014James GallagherEVPSell3,000$76.46$229,380.00View SEC Filing  
8/16/2013Edward CarrollCOOSell7,170$65.01$466,121.70View SEC Filing  
8/14/2013William BellDirectorSell5,000$67.38$336,900.00View SEC Filing  
6/17/2013Patrick Francis DolanInsiderSell300,000$62.50$18,750,000.00View SEC Filing  
5/29/2013Joshua W SapanCEOSell93,950$66.95$6,289,952.50View SEC Filing  
10/2/2012Luxor Capital Group, LpMajor ShareholderSell875,000$42.75$37,406,250.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for AMC Networks (NASDAQ:AMCX)
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Chart

AMC Networks (AMCX) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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