Wall Street analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to report $0.21 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for National CineMedia’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.23. National CineMedia reported earnings of $0.23 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.7%. The business is expected to report its next quarterly earnings results on Thursday, February 20th.
According to Zacks, analysts expect that National CineMedia will report full-year earnings of $0.43 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.45. For the next fiscal year, analysts expect that the firm will report earnings of $0.45 per share, with EPS estimates ranging from $0.41 to $0.48. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow National CineMedia.
National CineMedia (NASDAQ:NCMI) last posted its earnings results on Monday, November 4th. The business services provider reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The firm had revenue of $110.50 million for the quarter, compared to analysts’ expectations of $118.75 million. National CineMedia had a net margin of 7.66% and a negative return on equity of 32.44%. The company’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS.
NCMI has been the subject of several analyst reports. ValuEngine lowered National CineMedia from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Wedbush restated a “buy” rating and set a $9.00 target price on shares of National CineMedia in a research note on Tuesday, November 5th. Barrington Research raised National CineMedia from a “market perform” rating to an “outperform” rating and set a $9.50 target price on the stock in a research report on Thursday, November 7th. Zacks Investment Research upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, B. Riley downgraded National CineMedia from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $9.75 to $8.50 in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.70.
Several hedge funds and other institutional investors have recently bought and sold shares of NCMI. Acadian Asset Management LLC acquired a new stake in shares of National CineMedia during the second quarter worth $32,000. Chicago Equity Partners LLC acquired a new position in shares of National CineMedia in the 2nd quarter valued at $70,000. Bank of Montreal Can raised its stake in National CineMedia by 98.7% in the 2nd quarter. Bank of Montreal Can now owns 10,883 shares of the business services provider’s stock worth $72,000 after acquiring an additional 5,406 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in National CineMedia in the 3rd quarter worth $109,000. Finally, Envestnet Asset Management Inc. purchased a new position in National CineMedia in the 3rd quarter worth $141,000. 93.04% of the stock is owned by institutional investors and hedge funds.
NASDAQ NCMI opened at $6.47 on Friday. The firm’s fifty day simple moving average is $7.64 and its two-hundred day simple moving average is $7.37. The firm has a market capitalization of $531.71 million, a P/E ratio of 17.49 and a beta of 0.66. National CineMedia has a 12-month low of $5.64 and a 12-month high of $8.93.
The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.68 dividend on an annualized basis and a yield of 10.51%. National CineMedia’s payout ratio is 183.78%.
About National CineMedia
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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