AMC Networks Company Profile (NASDAQ:AMCX)

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

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.

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.

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

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.

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)

Some companies that are related to AMC Networks include Toro Company (The) (TTC), Polaris Industries (PII), Leggett & Platt, Incorporated (LEG), HUGO BOSS (BOSSY), Dolby Laboratories (DLB), Sharp (SHCAY), Mattel (MAT), Skechers U.S.A. (SKX), H&R Block (HRB), Brunswick Corporation (BC), Six Flags Entertainment Corporation New (SIX), The Madison Square Garden Company (MSG), SJM Holdings (SJMHF), Bright Horizons Family Solutions (BFAM), Pool Corporation (POOL), International Game Technology (IGT), Carter's (CRI) and Cable One (CABO).

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 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.

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.

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.

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 $54.79.