National CineMedia, Inc. (NCMI) Expected to Announce Earnings of $0.06 Per Share

Brokerages expect National CineMedia, Inc. (NASDAQ:NCMI) to post earnings of $0.06 per share for the current quarter, Zacks reports. Four analysts have provided estimates for National CineMedia’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.05. National CineMedia reported earnings per share of $0.11 in the same quarter last year, which indicates a negative year over year growth rate of 45.5%. The firm is scheduled to issue its next quarterly earnings results on Monday, August 14th.

On average, analysts expect that National CineMedia will report full year earnings of $0.31 per share for the current financial year, with EPS estimates ranging from $0.27 to $0.35. For the next fiscal year, analysts forecast that the business will post earnings of $0.36 per share, with EPS estimates ranging from $0.33 to $0.40. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow National CineMedia.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Thursday, May 4th. The business services provider reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The firm had revenue of $71.90 million during the quarter, compared to analysts’ expectations of $73.82 million. National CineMedia had a net margin of 3.92% and a negative return on equity of 13.70%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS.

A number of analysts have recently commented on the stock. B. Riley restated a “buy” rating and set a $14.00 target price on shares of National CineMedia in a report on Thursday. JPMorgan Chase & Co. lowered National CineMedia from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $17.00 to $12.00 in a research report on Monday, May 15th. Barrington Research lowered National CineMedia from an “outperform” rating to a “market perform” rating in a research report on Monday, May 15th. FBR & Co lowered National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research report on Friday, May 5th. Finally, Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $14.65.

Institutional investors have recently bought and sold shares of the company. Stevens Capital Management LP bought a new position in National CineMedia during the first quarter valued at about $138,000. Capital Fund Management S.A. bought a new position in National CineMedia during the first quarter valued at about $147,000. Aperio Group LLC raised its position in National CineMedia by 4.6% in the third quarter. Aperio Group LLC now owns 10,630 shares of the business services provider’s stock valued at $156,000 after buying an additional 466 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in National CineMedia during the first quarter valued at about $161,000. Finally, Stifel Financial Corp bought a new position in National CineMedia during the first quarter valued at about $186,000. 91.92% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This report was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.themarketsdaily.com/2017/05/20/national-cinemedia-inc-ncmi-expected-to-announce-earnings-of-0-06-per-share.html.

Shares of National CineMedia (NASDAQ:NCMI) traded up 2.83% during mid-day trading on Monday, hitting $7.63. 896,596 shares of the stock traded hands. National CineMedia has a 1-year low of $7.22 and a 1-year high of $16.10. The company has a market capitalization of $462.34 million, a PE ratio of 18.70 and a beta of 0.89. The company’s 50-day moving average price is $10.92 and its 200 day moving average price is $13.29.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 11.53%. The ex-dividend date is Tuesday, May 16th. National CineMedia’s dividend payout ratio is presently 314.30%.

About National CineMedia

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

12 Month Chart for NASDAQ:NCMI

Get a free copy of the Zacks research report on National CineMedia (NCMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for National CineMedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply