The stock's price is $60.95 and their relative strength index (RSI) stands at 77.29. As per the consensus estimate, the company's year-on-year revenue growth is expected to be at 4.75% during the period. The business earned $729.60 million during the quarter, compared to the consensus estimate of $709.83 million. Networks had a return on equity of 408.71% and a net margin of 12.80%. "Programming expenses included charges of $5 million in the current-year period related to the write-off of programming assets, as compared to charges of $16 million in the prior year period". (MAN) are forecasted by the analysts to move at $1.11 in current quarter, from $0.98 a year-ago quarter. Moffett Nathanson downgraded shares of AMC Networks from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $57.00 to $48.00 in a research note on Wednesday, December 7th. Guggenheim boosted their price objective on shares of AMC Networks to $70.00 and gave the stock a "positive" rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company's stock. Tower Research Capital LLC TRC now owns 1,927 shares of the company's stock worth $100,000 after buying an additional 202 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in AMC Networks during the fourth quarter worth $11,136,000. Finally, LS Investment Advisors LLC boosted its position in AMC Networks by 5.0% in the third quarter. Alliancebernstein L.P. now owns 3,903,122 shares of the company's stock worth $235,827,000 after buying an additional 12,565 shares in the last quarter.
President and Chief Executive Officer Josh Sapan said: "2016 was a successful year for our company both financially and operationally, driven by our disciplined and focused strategy of investing in high-quality content and creating brands that have strong, growing, passionate and engaged audiences". The stock has a market cap of $4.21 billion, a PE ratio of 12.62 and a beta of 1.01. The firm's 50-day moving average is $56.58 and its 200-day moving average is $53.54.
US advertising revenue rose 3.1 percent despite lower ratings in the quarter for the first half of season 7 of The Walking Dead. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright laws.
Instinet Increases AMC Networks Inc (AMCX) Price Target to $65.00
Now, AMC Networks has posted the Q4 shares and earnings which showed that there is rise even during what may have been the darkest season of the show.
A 9.2 percent increase in quarterly operating income and 9.2 percent adjusted operating income at the company's US networks, which include AMC, IFC and SundanceTV, reflected higher revenue, offset by an increase in operating expenses. The Company owns and operates entertainment businesses and assets. The company in the latest quarter took non-cash impairment charges of $68 million related to AMC Networks International-DMC, its Amsterdam-based media logistics facility.
Mysterious sea creature that washed ashore in Philippines is identified; video
The sea around the Philippines has produced nightmarish sea creatures in recent days, with two freaky carcasses washing ashore. The remains of a large sea creature washed up on a beach in the Dinagat Islands, Philippines on Wednesday afternoon.