Wall Street brokerages expect that National CineMedia, Inc. (NASDAQ:NCMI) will report sales of $4.30 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for National CineMedia’s earnings, with estimates ranging from $3.40 million to $5.50 million. National CineMedia posted sales of $110.20 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 96.1%. The firm is scheduled to report its next quarterly earnings report on Monday, August 3rd.
On average, analysts expect that National CineMedia will report full-year sales of $207.66 million for the current year, with estimates ranging from $154.00 million to $280.00 million. For the next fiscal year, analysts expect that the company will post sales of $353.07 million, with estimates ranging from $257.18 million to $453.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for National CineMedia.
National CineMedia (NASDAQ:NCMI) last posted its earnings results on Tuesday, May 5th. The business services provider reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $64.70 million during the quarter, compared to the consensus estimate of $64.23 million. National CineMedia had a negative return on equity of 27.33% and a net margin of 7.74%. The firm’s revenue was down 15.9% compared to the same quarter last year. During the same period last year, the company posted ($0.01) EPS.
A number of research analysts recently issued reports on NCMI shares. TheStreet lowered shares of National CineMedia from a “c” rating to a “d+” rating in a report on Wednesday, April 29th. BidaskClub lowered shares of National CineMedia from a “sell” rating to a “strong sell” rating in a report on Saturday, March 14th. Barrington Research reiterated a “hold” rating on shares of National CineMedia in a report on Monday, May 18th. MKM Partners dropped their price objective on shares of National CineMedia from $8.50 to $3.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Wedbush dropped their price objective on shares of National CineMedia from $10.00 to $4.50 and set an “outperform” rating for the company in a report on Monday, May 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $7.46.
In related news, major shareholder General L.P. Standard acquired 72,642 shares of National CineMedia stock in a transaction dated Monday, April 13th. The stock was bought at an average price of $2.72 per share, with a total value of $197,586.24. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have bought 1,543,142 shares of company stock valued at $4,040,890. Insiders own 4.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Amalgamated Bank acquired a new stake in shares of National CineMedia during the 4th quarter worth approximately $74,000. Great West Life Assurance Co. Can acquired a new stake in National CineMedia in the 4th quarter valued at $78,000. Kovack Advisors Inc. acquired a new stake in National CineMedia in the 1st quarter valued at $38,000. Principal Financial Group Inc. acquired a new stake in National CineMedia in the 4th quarter valued at $98,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in National CineMedia in the 1st quarter valued at $46,000. 97.31% of the stock is owned by institutional investors.
NASDAQ NCMI traded down $0.03 during trading hours on Thursday, reaching $2.96. The company’s stock had a trading volume of 805,000 shares, compared to its average volume of 928,102. The firm has a fifty day simple moving average of $3.03 and a 200-day simple moving average of $5.08. The stock has a market cap of $238.08 million, a P/E ratio of 7.07 and a beta of 1.02. National CineMedia has a 52 week low of $1.62 and a 52 week high of $9.85.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 9.46%. The ex-dividend date was Friday, May 15th. National CineMedia’s dividend payout ratio (DPR) is 59.57%.
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.
Read More: Futures Contract
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for National CineMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia and related companies with MarketBeat.com's FREE daily email newsletter.