$0.09 EPS Expected for National CineMedia, Inc. (NCMI) This Quarter
Wall Street brokerages expect National CineMedia, Inc. (NASDAQ:NCMI) to announce earnings of $0.09 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 suggest a negative year-over-year growth rate of 30.8%. The business is scheduled to issue its next earnings report on Monday, November 6th.
On average, analysts expect that National CineMedia will report full year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.19 to $0.30. For the next year, analysts anticipate that the company will report earnings of $0.33 per share, with EPS estimates ranging from $0.24 to $0.36. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for National CineMedia.
National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, August 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business 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 4.56% and a negative return on equity of 16.58%. The company’s revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS.
Several analysts have recently commented on NCMI shares. BidaskClub downgraded shares of National CineMedia from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Wedbush started coverage on shares of National CineMedia in a research report on Wednesday, August 2nd. They set a “neutral” rating and a $6.50 price objective on the stock. Zacks Investment Research upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. J P Morgan Chase & Co restated a “neutral” rating and set a $8.00 price objective (down from $12.00) on shares of National CineMedia in a research report on Tuesday, August 8th. Finally, Credit Suisse Group decreased their price objective on shares of National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. National CineMedia has a consensus rating of “Hold” and an average target price of $10.93.
In other National CineMedia news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of National CineMedia stock in a transaction on Friday, September 29th. The shares were sold at an average price of $6.49, for a total value of $18,172,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of National CineMedia stock in a transaction on Monday, September 18th. The shares were sold at an average price of $6.09, for a total transaction of $73,080,000.00. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. DRW Securities LLC bought a new stake in National CineMedia in the 2nd quarter valued at $142,000. The Manufacturers Life Insurance Company increased its holdings in National CineMedia by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,503 shares of the business services provider’s stock valued at $375,000 after acquiring an additional 2,341 shares during the last quarter. State Street Corp increased its holdings in National CineMedia by 2.3% in the 2nd quarter. State Street Corp now owns 1,422,084 shares of the business services provider’s stock valued at $10,553,000 after acquiring an additional 32,047 shares during the last quarter. Janus Henderson Group PLC bought a new stake in National CineMedia in the 2nd quarter valued at $27,242,000. Finally, Western Standard LLC bought a new stake in National CineMedia in the 2nd quarter valued at $1,372,000. Institutional investors own 85.38% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “$0.09 EPS Expected for National CineMedia, Inc. (NCMI) This Quarter” was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/12/0-09-eps-expected-for-national-cinemedia-inc-ncmi-this-quarter.html.
National CineMedia (NCMI) opened at 6.84 on Thursday. The stock has a market capitalization of $414.60 million, a price-to-earnings ratio of 21.38 and a beta of 0.68. National CineMedia has a 52-week low of $5.12 and a 52-week high of $16.05. The stock’s 50 day moving average is $6.33 and its 200-day moving average is $8.03.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for National CineMedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.