After finishing at $11.85 in the prior trading day, AMC Networks Inc (NASDAQ: AMCX) closed at $12.28, up 3.63%. In other words, the price has increased by $+0.43 from its previous closing price. On the day, 775274 shares were traded.
Ratios:
Our goal is to gain a better understanding of AMCX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.18. For the most recent quarter (mrq), Quick Ratio is recorded 1.71 and its Current Ratio is at 1.72. In the meantime, Its Debt-to-Equity ratio is 2.37 whereas as Long-Term Debt/Eq ratio is at 2.27.
On October 06, 2023, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $16.
Morgan Stanley Downgraded its Equal-Weight to Underweight on June 06, 2023, whereas the target price for the stock was revised from $19 to $12.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 22 ’23 when Blank Matthew sold 50,000 shares for $19.09 per share. The transaction valued at 954,500 led to the insider holds 0 shares of the business.
Gallagher James sold 22,000 shares of AMCX for $448,800 on Dec 19 ’23. The EVP and General Counsel now owns 6,867 shares after completing the transaction at $20.40 per share. On Nov 22 ’23, another insider, Kelleher Kimberly, who serves as the Chief Commercial Officer of the company, sold 13,192 shares for $15.28 each. As a result, the insider received 201,574 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMCX now has a Market Capitalization of 516.16M and an Enterprise Value of 2.43B. As of this moment, AMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.50, and their Forward P/E ratio for the next fiscal year is 2.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at 0.90 whereas that against EBITDA is 1.66.
Stock Price History:
Over the past 52 weeks, AMCX has reached a high of $21.38, while it has fallen to a 52-week low of $9.96. The 50-Day Moving Average of the stock is 16.03, while the 200-Day Moving Average is calculated to be 13.82.
Shares Statistics:
The stock has traded on average 584.19K shares per day over the past 3-months and 581.71k shares per day over the last 10 days, according to various share statistics. A total of 32.08M shares are outstanding, with a floating share count of 30.46M. Insiders hold about 30.07% of the company’s shares, while institutions hold 65.78% stake in the company. Shares short for AMCX as of Feb 15, 2024 were 3.68M with a Short Ratio of 6.30, compared to 2.41M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.44% and a Short% of Float of 16.38%.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of $1.66 for the current quarter, with a high estimate of $2 and a low estimate of $1.14, while EPS last year was $2.62. The consensus estimate for the next quarter is $1.58, with high estimates of $1.93 and low estimates of $1.08.
Analysts are recommending an EPS of between $7.72 and $3.71 for the fiscal current year, implying an average EPS of $5.59. EPS for the following year is $5.18, with 9 analysts recommending between $7.96 and $2.69.
Revenue Estimates
6 analysts predict $602.6M in revenue for the current quarter. It ranges from a high estimate of $608.4M to a low estimate of $598M. As of the current estimate, AMC Networks Inc’s year-ago sales were $717.45M, an estimated decrease of -16.00% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $605.26M, a decrease of -10.80% over than the figure of -$16.00% in the same quarter last year. There is a high estimate of $616.25M for the next quarter, whereas the lowest estimate is $596M.
A total of 9 analysts have provided revenue estimates for AMCX’s current fiscal year. The highest revenue estimate was $2.53B, while the lowest revenue estimate was $2.4B, resulting in an average revenue estimate of $2.43B. In the same quarter a year ago, actual revenue was $2.71B, down -10.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.39B in the next fiscal year. The high estimate is $2.46B and the low estimate is $2.33B. The average revenue growth estimate for next year is down -1.60% from the average revenue estimate for this year.
