National CineMedia Inc. (NCMI) Declares Quarterly Dividend of $0.22
National CineMedia (NASDAQ:NCMI) declared a quarterly dividend on Wednesday, October 30th, Analyst Ratings Net reports. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.22 per share on Wednesday, November 27th. This represents a $0.88 dividend on an annualized basis and a yield of 4.79%.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of National CineMedia from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, October 23rd. They now have a $20.00 price target on the stock. On the ratings front, analysts at McLean Capital Management downgraded shares of National CineMedia from a “neutral” rating to a “sell” rating in a research note to investors on Friday, October 11th. Finally, analysts at Benchmark Co. initiated coverage on shares of National CineMedia in a research note to investors on Wednesday, September 11th. They set a “hold” rating and a $19.04 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. National CineMedia currently has an average rating of “Hold” and an average target price of $19.97.
Shares of National CineMedia (NASDAQ:NCMI) traded down 2.75% on Wednesday, hitting $18.39. The stock had a trading volume of 205,872 shares. National CineMedia has a one year low of $13.06 and a one year high of $19.16. The stock’s 50-day moving average is $18.32 and its 200-day moving average is $16.84. The company has a market cap of $1.018 billion and a P/E ratio of 43.37.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.04. The company had revenue of $135.10 million for the quarter, compared to the consensus estimate of $137.13 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts predict that National CineMedia will post $0.68 earnings per share for the current fiscal year.
In other National CineMedia news, Insider Clifford E. Marks unloaded 35,874 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $19.25, for a total transaction of $690,574.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.
National CineMedia, Inc (NASDAQ:NCMI) is a holding company that manages its consolidated subsidiary NCM LLC.
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