AMC Networks (NASDAQ:AMCX) Posts Quarterly Earnings Results, Misses Expectations By $0.13 EPS

AMC Networks (NASDAQ:AMCX) released its quarterly earnings data on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.13), Zacks reports. The firm had revenue of $561.74 million during the quarter, compared to analyst estimates of $549.27 million. AMC Networks had a negative net margin of 7.42% and a positive return on equity of 15.73%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. AMC Networks updated its FY 2025 guidance to EPS.

AMC Networks Trading Up 3.7%

Shares of NASDAQ:AMCX traded up $0.27 during midday trading on Friday, reaching $7.52. The company’s stock had a trading volume of 581,879 shares, compared to its average volume of 536,805. The firm has a market capitalization of $326.25 million, a price-to-earnings ratio of -1.72 and a beta of 1.43. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a 50 day moving average price of $7.74 and a two-hundred day moving average price of $6.85. AMC Networks has a fifty-two week low of $5.41 and a fifty-two week high of $10.60.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMCX shares. Wells Fargo & Company reissued an “underweight” rating on shares of AMC Networks in a report on Sunday, August 10th. Zacks Research cut shares of AMC Networks from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of AMC Networks in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, AMC Networks presently has an average rating of “Strong Sell” and an average price target of $5.38.

Hedge Funds Weigh In On AMC Networks

Several institutional investors have recently added to or reduced their stakes in AMCX. Raymond James Financial Inc. bought a new position in shares of AMC Networks during the 2nd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. boosted its stake in AMC Networks by 133.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,786 shares of the company’s stock worth $30,000 after acquiring an additional 2,735 shares in the last quarter. State of Wyoming bought a new position in AMC Networks during the second quarter worth $51,000. Cetera Investment Advisers acquired a new stake in AMC Networks in the second quarter worth $63,000. Finally, First Trust Advisors LP bought a new stake in AMC Networks in the second quarter valued at $63,000. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Company Profile

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.