B. Riley Reiterates Buy Rating for National CineMedia, Inc. (NCMI)
National CineMedia, Inc. (NASDAQ:NCMI)‘s stock had its “buy” rating restated by B. Riley in a note issued to investors on Tuesday. They presently have a $14.00 price target on the business services provider’s stock. B. Riley’s price target suggests a potential upside of 81.58% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Barrington Research downgraded shares of National CineMedia from an “outperform” rating to a “market perform” rating in a report on Friday, May 5th. JPMorgan Chase & Co. downgraded shares of National CineMedia from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $12.00 in a report on Monday, May 15th. Zacks Investment Research downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. FBR & Co downgraded shares of National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a report on Friday, May 5th. Finally, Credit Suisse Group AG upgraded shares of National CineMedia from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $13.00 to $12.00 in a report on Wednesday, March 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.65.
Shares of National CineMedia (NASDAQ:NCMI) traded down 1.95% during mid-day trading on Tuesday, hitting $7.56. 292,007 shares of the stock were exchanged. National CineMedia has a 12 month low of $7.22 and a 12 month high of $16.10. The stock has a market cap of $458.10 million, a PE ratio of 18.53 and a beta of 0.89. The stock’s 50 day moving average is $10.78 and its 200-day moving average is $13.24.
National CineMedia (NASDAQ:NCMI) last announced its earnings results on Thursday, May 4th. The business services provider reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.03. The firm had revenue of $71.90 million during the quarter, compared to the consensus estimate of $73.82 million. National CineMedia had a negative return on equity of 13.70% and a net margin of 3.92%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. On average, analysts anticipate that National CineMedia will post $0.33 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 18th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 11.41%. The ex-dividend date of this dividend is Tuesday, May 16th. National CineMedia’s dividend payout ratio (DPR) is 314.30%.
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Institutional investors have recently made changes to their positions in the stock. Stanley Laman Group Ltd. boosted its position in shares of National CineMedia by 6.5% in the fourth quarter. Stanley Laman Group Ltd. now owns 195,720 shares of the business services provider’s stock worth $3,075,000 after buying an additional 11,947 shares during the period. Crow Point Partners purchased a new position in shares of National CineMedia during the third quarter worth approximately $337,000. Broadview Advisors LLC boosted its position in shares of National CineMedia by 3.8% in the fourth quarter. Broadview Advisors LLC now owns 464,356 shares of the business services provider’s stock worth $7,295,000 after buying an additional 16,900 shares during the period. Pear Tree Advisors Inc. purchased a new position in shares of National CineMedia during the fourth quarter worth approximately $1,555,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of National CineMedia by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,917,349 shares of the business services provider’s stock worth $30,122,000 after buying an additional 31,075 shares during the period. Institutional investors own 91.92% of the company’s stock.
National CineMedia Company Profile
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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