AMC Networks Inc. (AMCX) Analysts See $1.96 EPS

July 11, 2018 - By Vivian Park

AMC Networks Inc. (NASDAQ:AMCX) LogoInvestors sentiment decreased to 0.76 in 2018 Q1. Its down 0.07, from 0.83 in 2017Q4. It turned negative, as 32 investors sold AMC Networks Inc. shares while 111 reduced holdings. 36 funds opened positions while 73 raised stakes. 49.56 million shares or 7.37% less from 53.51 million shares in 2017Q4 were reported.
407,308 are owned by Schwab Charles Invest Mngmt. Michigan-based Comerica Bank & Trust has invested 0.01% in AMC Networks Inc. (NASDAQ:AMCX). 8,801 are owned by Gotham Asset Management Ltd Co. Metropolitan Life New York has 0% invested in AMC Networks Inc. (NASDAQ:AMCX). Signaturefd Limited reported 586 shares. Peak6 Invs L P accumulated 9,325 shares. Fayez Sarofim And owns 6,220 shares or 0% of their US portfolio. State Of Alaska Department Of Revenue holds 0% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX) for 4,510 shares. Botty Ltd Liability Co holds 35,133 shares. Petrus Tru Communications Lta invested 0.06% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX). Proshare Advsr Lc reported 0% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX). Riverhead Cap Mgmt Limited Liability stated it has 18,333 shares. Ledyard National Bank & Trust reported 113 shares. Amundi Pioneer Asset Mngmt accumulated 15,717 shares or 0% of the stock. Wellington Shields Capital Management Ltd Liability Corp invested in 30,845 shares.

Since May 17, 2018, it had 0 insider purchases, and 3 selling transactions for $1.16 million activity. Carroll Edward A sold 11,700 shares worth $780,624.

Analysts expect AMC Networks Inc. (NASDAQ:AMCX) to report $1.96 EPS on August, 2.They anticipate $0.08 EPS change or 4.26 % from last quarter’s $1.88 EPS. AMCX’s profit would be $112.63 million giving it 8.05 P/E if the $1.96 EPS is correct. After having $2.65 EPS previously, AMC Networks Inc.’s analysts see -26.04 % EPS growth. The stock decreased 1.02% or $0.65 during the last trading session, reaching $63.08. About 369,411 shares traded. AMC Networks Inc. (NASDAQ:AMCX) has risen 12.09% since July 12, 2017 and is uptrending. It has underperformed by 0.48% the S&P500.

AMC Networks Inc. (NASDAQ:AMCX) Ratings Coverage

Among 8 analysts covering AMC Networks (NASDAQ:AMCX), 0 have Buy rating, 1 Sell and 7 Hold. Therefore 0 are positive. AMC Networks had 8 analyst reports since January 31, 2018 according to SRatingsIntel. The rating was downgraded by Goldman Sachs on Tuesday, June 26 to “Hold”. The rating was maintained by Guggenheim with “Hold” on Thursday, March 1. The firm has “Hold” rating given on Monday, February 5 by Cowen & Co. The company was maintained on Wednesday, January 31 by Morgan Stanley. Evercore downgraded the shares of AMCX in report on Friday, May 11 to “In-Line” rating. The company was downgraded on Thursday, June 21 by Bernstein. The company was upgraded on Tuesday, February 20 by Moffett Nathanson.

AMC Networks Inc. owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company has market cap of $3.63 billion. The firm operates in two divisions, National Networks; and International and Other. It has a 8.19 P/E ratio. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

More notable recent AMC Networks Inc. (NASDAQ:AMCX) news were published by: Bizjournals.com which released: “Philo adds $40 million for live-TV skinny bundle” on July 10, 2018, also Fool.com with their article: “Is AMC Networks a Buy?” published on June 26, 2018, Investorplace.com published: “18 Stocks That Could Be Takeover Targets” on July 10, 2018. More interesting news about AMC Networks Inc. (NASDAQ:AMCX) were released by: Seekingalpha.com and their article: “SA Interview: Taking Advantage Of Short-Term Volatility With Chad Brand” published on June 24, 2018 as well as Seekingalpha.com‘s news article titled: “AMC Networks -2.5% as Goldman goes to Neutral” with publication date: June 26, 2018.

AMC Networks Inc. (NASDAQ:AMCX) Ratings Chart

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