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.
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.
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