AMC Networks (NASDAQ:AMCX) Issues Quarterly Earnings Results

AMC Networks (NASDAQ:AMCX) released its quarterly earnings results on Friday. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.21), Zacks reports. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The company had revenue of $555.23 million during the quarter, compared to the consensus estimate of $567.23 million. During the same period in the prior year, the company earned $1.16 earnings per share. The firm’s revenue was down 6.9% compared to the same quarter last year. AMC Networks updated its FY 2025 guidance to EPS.

AMC Networks Trading Up 2.3 %

AMCX opened at $6.33 on Friday. AMC Networks has a 12 month low of $5.41 and a 12 month high of $18.58. The firm has a market cap of $279.38 million, a price-to-earnings ratio of -1.21 and a beta of 1.43. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63. The stock has a fifty day moving average price of $6.53 and a 200-day moving average price of $8.19.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMCX. StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Morgan Stanley decreased their target price on AMC Networks from $8.00 to $6.00 and set an “underweight” rating for the company in a research report on Tuesday, May 6th. UBS Group lowered their price target on AMC Networks from $8.00 to $6.00 and set a “sell” rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company cut their price objective on AMC Networks from $8.00 to $4.00 and set an “underweight” rating on the stock in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. decreased their target price on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, AMC Networks currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Insider Buying and Selling at AMC Networks

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $6.95, for a total value of $1,072,697.75. Following the transaction, the insider now directly owns 20,833 shares of the company’s stock, valued at approximately $144,789.35. This trade represents a 88.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.62% of the stock is currently owned by company insiders.

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.