National CineMedia, Inc. (NASDAQ:NCMI) – Equities research analysts at Barrington Research decreased their Q2 2017 earnings estimates for shares of National CineMedia in a research note issued on Thursday. Barrington Research analyst J. Goss now expects that the business services provider will earn $0.05 per share for the quarter, down from their prior estimate of $0.08. Barrington Research has a “Market Perform” rating on the stock. Barrington Research also issued estimates for National CineMedia’s FY2017 earnings at $0.33 EPS and Q2 2018 earnings at $0.07 EPS.
Other research analysts have also issued reports about the company. B. Riley reissued a “buy” rating and set a $16.00 target price on shares of National CineMedia in a report on Wednesday, March 1st. J P Morgan Chase & Co lowered National CineMedia from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $17.00 to $12.00 in a report on Monday, May 15th. Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Finally, FBR & Co lowered National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. National CineMedia has a consensus rating of “Hold” and an average target price of $14.65.
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Shares of National CineMedia (NASDAQ:NCMI) opened at 7.33 on Friday. The company has a market capitalization of $444.16 million, a PE ratio of 17.97 and a beta of 0.71. The stock has a 50 day moving average price of $8.05 and a 200 day moving average price of $12.14. National CineMedia has a 52-week low of $7.12 and a 52-week high of $16.10.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Thursday, May 4th. The business services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.03. National CineMedia had a net margin of 5.57% and a negative return on equity of 17.15%. The business had revenue of $71.90 million during the quarter, compared to the consensus estimate of $73.82 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The firm’s revenue was down 5.6% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Thursday, May 18th were paid a $0.22 dividend. The ex-dividend date was Tuesday, May 16th. This represents a $0.88 annualized dividend and a yield of 12.01%. National CineMedia’s dividend payout ratio (DPR) is presently 220.01%.
Hedge funds have recently added to or reduced their stakes in the stock. Stevens Capital Management LP purchased a new stake in National CineMedia during the first quarter valued at about $138,000. Capital Fund Management S.A. purchased a new stake in National CineMedia during the first quarter valued at about $147,000. Oppenheimer Asset Management Inc. purchased a new stake in National CineMedia during the first quarter valued at about $161,000. Stifel Financial Corp purchased a new stake in National CineMedia during the first quarter valued at about $186,000. Finally, LaSalle Street Capital Management LLC purchased a new stake in National CineMedia during the first quarter valued at about $200,000. Institutional investors and hedge funds own 88.08% of the company’s stock.
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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