National CineMedia, Inc. (NASDAQ:NCMI) – Analysts at B. Riley decreased their Q4 2019 earnings per share (EPS) estimates for shares of National CineMedia in a research report issued on Tuesday, November 5th. B. Riley analyst E. Wold now forecasts that the business services provider will post earnings of $0.19 per share for the quarter, down from their previous estimate of $0.22. B. Riley has a “Neutral” rating and a $8.50 price objective on the stock. B. Riley also issued estimates for National CineMedia’s Q4 2020 earnings at $0.20 EPS.
A number of other analysts have also recently weighed in on the company. BidaskClub cut National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut National CineMedia from a “buy” rating to a “hold” rating in a research note on Thursday. Benchmark raised their price target on National CineMedia from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. ValuEngine cut National CineMedia from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Finally, Wedbush reiterated a “buy” rating and set a $9.00 target price on shares of National CineMedia in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. National CineMedia currently has a consensus rating of “Hold” and an average price target of $9.70.
National CineMedia stock opened at $7.60 on Friday. National CineMedia has a 1-year low of $5.64 and a 1-year high of $8.93. The stock has a market cap of $558.65 million, a PE ratio of 20.54 and a beta of 0.70. The stock’s fifty day moving average is $8.31 and its two-hundred day moving average is $7.43.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Monday, November 4th. The business services provider reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). National CineMedia had a net margin of 7.66% and a negative return on equity of 32.44%. The business had revenue of $110.50 million during the quarter, compared to analyst estimates of $118.75 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis.
Several institutional investors and hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System grew its holdings in shares of National CineMedia by 28.7% during the third quarter. California Public Employees Retirement System now owns 126,781 shares of the business services provider’s stock worth $1,040,000 after buying an additional 28,305 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of National CineMedia during the third quarter worth about $770,000. Janney Montgomery Scott LLC purchased a new position in shares of National CineMedia during the third quarter worth about $109,000. Cadence Capital Management LLC purchased a new position in shares of National CineMedia during the third quarter worth about $1,989,000. Finally, Rhumbline Advisers grew its holdings in shares of National CineMedia by 7.0% during the third quarter. Rhumbline Advisers now owns 107,758 shares of the business services provider’s stock worth $884,000 after buying an additional 7,024 shares during the last quarter. Institutional investors and hedge funds own 88.61% of the company’s stock.
In other news, major shareholder General L.P. Standard bought 110,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $7.71 per share, for a total transaction of $848,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 527,000 shares of company stock worth $4,001,060 in the last quarter. Insiders own 3.90% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date of this dividend is Wednesday, November 13th. National CineMedia’s dividend payout ratio (DPR) is currently 183.78%.
National CineMedia Company Profile
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.
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