AMC Networks (NASDAQ:AMCX – Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.41), Zacks reports. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The company had revenue of $599.30 million for the quarter, compared to analyst estimates of $611.26 million. During the same period last year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was down 11.7% on a year-over-year basis.
AMC Networks Stock Performance
AMCX traded down $0.78 during trading hours on Friday, reaching $9.06. The company’s stock had a trading volume of 625,365 shares, compared to its average volume of 408,608. The company’s 50-day moving average is $9.52 and its 200-day moving average is $9.19. AMC Networks has a 52 week low of $7.08 and a 52 week high of $18.58. The firm has a market cap of $399.86 million, a PE ratio of 14.39 and a beta of 1.31. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. StockNews.com raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Morgan Stanley lowered their price objective on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th. Finally, Seaport Res Ptn raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd.
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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