$0.09 EPS Expected for National CineMedia, Inc. (NCMI) This Quarter

Wall Street brokerages expect National CineMedia, Inc. (NASDAQ:NCMI) to announce earnings of $0.09 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for National CineMedia’s earnings, with estimates ranging from $0.02 to $0.12. National CineMedia reported earnings per share of $0.13 during the same quarter last year, which would suggest a negative year-over-year growth rate of 30.8%. The business is scheduled to issue its next earnings report on Monday, November 6th.

On average, analysts expect that National CineMedia will report full year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.19 to $0.30. For the next year, analysts anticipate that the company will report earnings of $0.33 per share, with EPS estimates ranging from $0.24 to $0.36. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for National CineMedia.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, August 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $97.10 million for the quarter, compared to the consensus estimate of $104.30 million. National CineMedia had a net margin of 4.56% and a negative return on equity of 16.58%. The company’s revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS.

Several analysts have recently commented on NCMI shares. BidaskClub downgraded shares of National CineMedia from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Wedbush started coverage on shares of National CineMedia in a research report on Wednesday, August 2nd. They set a “neutral” rating and a $6.50 price objective on the stock. Zacks Investment Research upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. J P Morgan Chase & Co restated a “neutral” rating and set a $8.00 price objective (down from $12.00) on shares of National CineMedia in a research report on Tuesday, August 8th. Finally, Credit Suisse Group decreased their price objective on shares of National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. National CineMedia has a consensus rating of “Hold” and an average target price of $10.93.

In other National CineMedia news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of National CineMedia stock in a transaction on Friday, September 29th. The shares were sold at an average price of $6.49, for a total value of $18,172,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of National CineMedia stock in a transaction on Monday, September 18th. The shares were sold at an average price of $6.09, for a total transaction of $73,080,000.00. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. DRW Securities LLC bought a new stake in National CineMedia in the 2nd quarter valued at $142,000. The Manufacturers Life Insurance Company increased its holdings in National CineMedia by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,503 shares of the business services provider’s stock valued at $375,000 after acquiring an additional 2,341 shares during the last quarter. State Street Corp increased its holdings in National CineMedia by 2.3% in the 2nd quarter. State Street Corp now owns 1,422,084 shares of the business services provider’s stock valued at $10,553,000 after acquiring an additional 32,047 shares during the last quarter. Janus Henderson Group PLC bought a new stake in National CineMedia in the 2nd quarter valued at $27,242,000. Finally, Western Standard LLC bought a new stake in National CineMedia in the 2nd quarter valued at $1,372,000. Institutional investors own 85.38% of the company’s stock.

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National CineMedia (NCMI) opened at 6.84 on Thursday. The stock has a market capitalization of $414.60 million, a price-to-earnings ratio of 21.38 and a beta of 0.68. National CineMedia has a 52-week low of $5.12 and a 52-week high of $16.05. The stock’s 50 day moving average is $6.33 and its 200-day moving average is $8.03.

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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Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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