Analysts See $1.14 EPS for AMC Networks Inc (AMCX)

October 7, 2017 - By Adrian Mccoy

 Analysts See $1.14 EPS for AMC Networks Inc (AMCX)
Investors sentiment decreased to 1.08 in Q2 2017. Its down 0.02, from 1.1 in 2017Q1. It worsened, as 37 investors sold AMC Networks Inc shares while 93 reduced holdings. 42 funds opened positions while 98 raised stakes. 53.29 million shares or 0.48% less from 53.55 million shares in 2017Q1 were reported.
Boston Prtn reported 380,274 shares stake. Condor accumulated 10,470 shares or 0.12% of the stock. Northcoast Asset Limited Liability Corporation stated it has 0.03% in AMC Networks Inc (NASDAQ:AMCX). Susquehanna Intl Llp reported 0% of its portfolio in AMC Networks Inc (NASDAQ:AMCX). Pnc Service Inc holds 0% of its portfolio in AMC Networks Inc (NASDAQ:AMCX) for 3,274 shares. Mason Street Advsrs Lc invested in 0.04% or 26,921 shares. First Manhattan holds 15 shares or 0% of its portfolio. Brown Brothers Harriman And Com holds 0% in AMC Networks Inc (NASDAQ:AMCX) or 34 shares. Ngam Advsr Lp reported 46,093 shares. Moreover, Thrivent For Lutherans has 0% invested in AMC Networks Inc (NASDAQ:AMCX) for 11,150 shares. Moreover, Gotham Asset Limited Liability Corp has 0.12% invested in AMC Networks Inc (NASDAQ:AMCX) for 162,651 shares. Oakbrook Llc owns 0.02% invested in AMC Networks Inc (NASDAQ:AMCX) for 4,440 shares. Credit Suisse Ag owns 98,065 shares or 0.01% of their US portfolio. Cantab Cap Llp owns 0% invested in AMC Networks Inc (NASDAQ:AMCX) for 23,080 shares. Moreover, State Street Corp has 0.01% invested in AMC Networks Inc (NASDAQ:AMCX) for 1.49M shares.

Wall Street await AMC Networks Inc (NASDAQ:AMCX) to release earnings on November, 2. Analysts forecast EPS of $1.14, up exactly $0.13 or 12.87 % from 2014’s $1.01 EPS. The expected AMCX’s profit could reach $71.13 million giving the stock 12.93 P/E in the case that $1.14 earnings per share is reported. After posting $1.88 EPS for the previous quarter, AMC Networks Inc’s analysts now forecast -39.36 % negative EPS growth. The stock decreased 1.77% or $1.06 on October 6, reaching $58.98. About 318,343 shares traded. AMC Networks Inc (NASDAQ:AMCX) has declined 17.50% since October 8, 2016 and is downtrending. It has underperformed by 34.20% the S&P500.

AMC Networks Inc (NASDAQ:AMCX) Ratings Coverage

Among 22 analysts covering AMC Networks (NASDAQ:AMCX), 10 have Buy rating, 3 Sell and 9 Hold. Therefore 45% are positive. AMC Networks had 50 analyst reports since August 3, 2015 according to SRatingsIntel. Cowen & Co maintained AMC Networks Inc (NASDAQ:AMCX) on Tuesday, August 15 with “Hold” rating. The stock has “Hold” rating by TheStreet on Tuesday, September 22. The firm earned “Hold” rating on Monday, December 19 by Stifel Nicolaus. The stock of AMC Networks Inc (NASDAQ:AMCX) earned “Neutral” rating by JP Morgan on Friday, August 5. The stock of AMC Networks Inc (NASDAQ:AMCX) has “Overweight” rating given on Friday, August 7 by Albert Fried. On Thursday, November 3 the stock rating was downgraded by Albert Fried to “Underweight”. Nomura maintained AMC Networks Inc (NASDAQ:AMCX) rating on Thursday, September 22. Nomura has “Buy” rating and $63 target. Guggenheim maintained AMC Networks Inc (NASDAQ:AMCX) on Tuesday, October 11 with “Buy” rating. JP Morgan maintained the shares of AMCX in report on Monday, August 10 with “Hold” rating. The stock has “Buy” rating by Stifel Nicolaus on Saturday, August 8.

AMC Networks Inc. is a holding company, which conducts all of its activities through its subsidiaries. The company has market cap of $3.68 billion. The Firm owns and operates entertainment businesses and assets. It has a 12.74 P/E ratio. It operates through two divisions: National Networks, and International and Other.

More important recent AMC Networks Inc (NASDAQ:AMCX) news were published by: Seekingalpha.com which released: “Media companies band together for sports-free streaming” on September 11, 2017, also Fool.com published article titled: “AMC Networks’ first-quarter results: The raw numbers”, Marketwatch.com published: “AMC Networks is planning to offer $500 million in bonds” on July 19, 2017. More interesting news about AMC Networks Inc (NASDAQ:AMCX) was released by: Seekingalpha.com and their article: “AMC Networks (AMCX) Q2 2017 Results – Earnings Call Transcript” with publication date: August 03, 2017.

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