Shares of National CineMedia, Inc. (NASDAQ:NCMI) gapped down before the market opened on Tuesday after Benchmark lowered their price target on the stock from $12.00 to $10.00. The stock had previously closed at $7.40, but opened at $6.81. Benchmark currently has a buy rating on the stock. National CineMedia shares last traded at $6.24, with a volume of 3207442 shares trading hands.
Several other analysts have also weighed in on NCMI. B. Riley set a $9.00 target price on shares of National CineMedia and gave the company a “hold” rating in a research note on Tuesday, November 14th. ValuEngine upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of National CineMedia from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Finally, Zacks Investment Research lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $8.21.
In other news, major shareholder General L.P. Standard purchased 15,000 shares of the stock in a transaction dated Friday, December 22nd. The stock was acquired at an average price of $6.94 per share, for a total transaction of $104,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have acquired 438,481 shares of company stock valued at $3,019,525. 5.40% of the stock is owned by insiders.
The stock has a market cap of $544.02, a PE ratio of 18.94, a P/E/G ratio of 2.13 and a beta of 0.36. The company has a debt-to-equity ratio of -14.71, a current ratio of 1.76 and a quick ratio of 1.76.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Monday, March 12th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The business had revenue of $140.70 million during the quarter, compared to the consensus estimate of $144.48 million. National CineMedia had a net margin of 4.81% and a negative return on equity of 21.45%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. equities analysts anticipate that National CineMedia, Inc. will post 0.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 22nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 10.90%. The ex-dividend date of this dividend is Wednesday, March 21st. National CineMedia’s payout ratio is currently 266.67%.
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National CineMedia Company Profile
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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