$0.07 EPS Expected for National CineMedia, Inc. (NCMI) This Quarter
Brokerages expect National CineMedia, Inc. (NASDAQ:NCMI) to report earnings of $0.07 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for National CineMedia’s earnings, with estimates ranging from $0.02 to $0.12. National CineMedia reported earnings per share of $0.13 during the same quarter last year, which would indicate a negative year over year growth rate of 46.2%. The firm is expected to issue its next earnings results on Monday, November 6th.
On average, analysts expect that National CineMedia will report full year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.19 to $0.30. For the next fiscal year, analysts anticipate that the business will report earnings of $0.33 per share, with EPS estimates ranging from $0.24 to $0.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for National CineMedia.
National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. National CineMedia had a net margin of 4.56% and a negative return on equity of 16.58%. The company had revenue of $97.10 million during the quarter, compared to analyst estimates of $104.30 million. During the same quarter last year, the business earned $0.11 EPS. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year.
A number of brokerages have weighed in on NCMI. B. Riley restated a “buy” rating and issued a $16.00 price objective on shares of National CineMedia in a report on Tuesday, May 2nd. Zacks Investment Research cut shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. FBR & Co cut 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. Barrington Research cut shares of National CineMedia from an “outperform” rating to a “market perform” rating in a report on Friday, May 5th. Finally, J P Morgan Chase & Co cut shares of National CineMedia from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $12.00 in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $12.51.
National CineMedia (NASDAQ NCMI) opened at 5.73 on Thursday. The company has a 50 day moving average price of $6.96 and a 200-day moving average price of $9.91. The firm has a market cap of $347.32 million, a price-to-earnings ratio of 17.91 and a beta of 0.64. National CineMedia has a 52-week low of $5.42 and a 52-week high of $16.05.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Saturday, August 12th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 15.36%. The ex-dividend date is Wednesday, August 9th. National CineMedia’s payout ratio is 283.87%.
Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in National CineMedia by 55.1% in the first quarter. Renaissance Technologies LLC now owns 849,100 shares of the business services provider’s stock worth $10,724,000 after buying an additional 301,500 shares during the last quarter. Stevens Capital Management LP purchased a new stake in National CineMedia during the first quarter worth approximately $138,000. NJ State Employees Deferred Compensation Plan purchased a new stake in National CineMedia during the first quarter worth approximately $505,000. MARSHALL WACE ASIA Ltd purchased a new stake in National CineMedia during the first quarter worth approximately $1,557,000. Finally, Fox Run Management L.L.C. purchased a new stake in National CineMedia during the second quarter worth approximately $137,000. Hedge funds and other institutional investors own 89.68% of the company’s stock.
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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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