AMC Networks (AMCX) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AMC Networks in the last twelve months. There are currently 3 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "strong sell" AMCX shares.
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5 brokerages have issued twelve-month price objectives for AMC Networks' stock. Their AMCX share price targets range from $10.00 to $14.00. On average, they expect the company's stock price to reach $11.75 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
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AMC Networks' stock was trading at $18.79 at the start of the year. Since then, AMCX stock has decreased by 41.9% and is now trading at $10.92.
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AMC Networks saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 3,550,000 shares, a drop of 33.0% from the March 15th total of 5,300,000 shares. Based on an average daily trading volume, of 650,100 shares, the days-to-cover ratio is currently 5.5 days. Currently, 11.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
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AMC Networks Inc. (NASDAQ:AMCX) announced its quarterly earnings data on Friday, February, 9th. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The firm had revenue of $678.80 million for the quarter, compared to analyst estimates of $675.97 million. AMC Networks had a net margin of 7.95% and a trailing twelve-month return on equity of 30.42%. AMC Networks's revenue for the quarter was down 29.6% compared to the same quarter last year. During the same period last year, the company earned $2.52 earnings per share.

ETFs with the largest weight of AMC Networks (NASDAQ:AMCX) stock in their portfolio include Invesco S&P SmallCap 600 Pure Value ETF (RZV).Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU).

AMC Networks updated its FY 2024 earnings guidance on Friday, February, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.6 billion.

9 employees have rated AMC Networks Chief Executive Officer Matt Blank on Glassdoor.com. Matt Blank has an approval rating of 85% among the company's employees. 75.0% of employees surveyed would recommend working at AMC Networks to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other AMC Networks investors own include AT&T (T), Verizon Communications (VZ), CVS Health (CVS), Netflix (NFLX), Walt Disney (DIS), General Motors (GM), Johnson & Johnson (JNJ), Pfizer (PFE) and Starbucks (SBUX).

AMC Networks' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.19%), DGS Capital Management LLC (0.06%) and Range Financial Group LLC (0.03%). Insiders that own company stock include James Gallagher, Joshua W Sapan, Kimberly Kelleher and Matthew Blank.
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Shares of AMCX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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