National CineMedia, Inc. (NCMI) Issues Earnings Results
National CineMedia, Inc. (NASDAQ:NCMI) issued its quarterly earnings results on Monday. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04, Briefing.com reports. The firm had revenue of $97.10 million for the quarter, compared to the consensus estimate of $104.30 million. National CineMedia had a net margin of 5.57% and a negative return on equity of 17.15%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share.
Shares of National CineMedia (NCMI) traded down 2.76% during midday trading on Monday, hitting $6.70. The stock had a trading volume of 1,527,535 shares. The stock has a market cap of $405.99 million, a PE ratio of 16.42 and a beta of 0.64. National CineMedia has a 52 week low of $5.86 and a 52 week high of $16.10. The stock has a 50-day moving average of $7.44 and a 200 day moving average of $10.54.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Saturday, August 12th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 13.13%. National CineMedia’s dividend payout ratio (DPR) is presently 220.01%.
A number of equities analysts have issued reports on NCMI shares. B. Riley reaffirmed a “buy” rating and set a $16.00 price target on shares of National CineMedia in a research note on Tuesday, May 2nd. Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. FBR & Co lowered National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research note on Friday, May 5th. J P Morgan Chase & Co lowered National CineMedia from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $17.00 to $12.00 in a research note on Friday, May 5th. Finally, Barrington Research lowered National CineMedia from an “outperform” rating to a “market perform” rating in a research note on Friday, May 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.08.
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About National CineMedia
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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