Back to top

Image: Bigstock

AMC Networks (AMCX) Beats on Earnings and Revenues in Q4

Read MoreHide Full Article

AMC Networks Inc. (AMCX - Free Report) reported impressive financial results in the fourth quarter of 2016 wherein both the top line and bottom line outpaced the Zacks Consensus Estimate.

Fourth-quarter 2016 net income was $14.5 million or 20 cents per share compared with $90.1 million or $1.23 per share in the third quarter of 2015. However, quarterly adjusted earnings per share of $1.30 surpassed the Zacks Consensus Estimate of $1.26.

Quarterly total revenue of $729.6 million was up 7.5% year over year beating the Zacks Consensus Estimate of $717.2 million. National Networks revenues were $614.1 million, up 9.2% year over year. International and Other revenues totaled $118.7 million, down 0.5% year over year.

Quarterly total adjusted operating income (AOI) was $212.7 million, up 7.9% year over year. National Networks AOI grossed $205.7 million, up 9.2% and International and Other AOI totaled $4.5 million, down 48.5%.

Fourth-quarter operating costs and expenses totaled $625.9 million compared with $518.6 million in the prior-year quarter. Operating income was $103.7 million, down 35.3% year over year. Operating margin was 14.2% compared with 23.6% in the prior-year quarter.

In 2016, AMC Networks generated $514.3 million of cash from operations compared with $370 million in 2015. Free cash flow in 2016 was $426.1 million compared with $298.6 million in 2015. At the end of 2016, AMC Networks had $481.4 million of cash and cash equivalents, and $2,376.6 million of net debt outstanding.

AMC Networks competes in the highly competitive broadcast radio and television industry. Its major competitors include CBS Corp. , Gray Television Inc. (GTN - Free Report) and Entercom Communications Corp. to name a few. AMC Networks currently carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

AMC Networks Inc. Price, Consensus and EPS Surprise

 

AMC Networks Inc. Price, Consensus and EPS Surprise | AMC Networks Inc. Quote

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?

Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


AMC Networks Inc. (AMCX) - free report >>

Gray Television, Inc. (GTN) - free report >>

Published in