Zacks: Analysts Expect National CineMedia, Inc. (NCMI) Will Announce Earnings of $0.09 Per Share
Equities analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to report earnings per share of $0.09 for the current quarter, Zacks reports. Four analysts have provided estimates for National CineMedia’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.02. National CineMedia posted 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 company is scheduled to issue its next quarterly earnings report after the market closes on Monday, November 6th.
On average, analysts expect that National CineMedia will report full-year earnings of $0.27 per share for the current financial year, with EPS estimates ranging from $0.19 to $0.30. For the next year, analysts forecast that the firm will post earnings of $0.33 per share, with EPS estimates ranging from $0.24 to $0.36. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for National CineMedia.
National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.03 earnings per share for the quarter, missing the 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 the consensus estimate of $104.30 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 15.9% on a year-over-year basis.
Several brokerages have recently commented on NCMI. BidaskClub cut shares of National CineMedia from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Wedbush began coverage on shares of National CineMedia in a report on Wednesday, August 2nd. They set a “neutral” rating and a $6.50 target price on the stock. B. Riley reaffirmed a “buy” rating and set a $14.00 target price on shares of National CineMedia in a report on Wednesday, August 2nd. Credit Suisse Group lowered their target price on shares of National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, September 28th. Finally, Zacks Investment Research cut shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $10.93.
Shares of National CineMedia (NASDAQ NCMI) opened at 6.73 on Tuesday. The company has a market capitalization of $407.93 million, a price-to-earnings ratio of 21.03 and a beta of 0.68. The stock has a 50 day moving average price of $6.85 and a 200 day moving average price of $7.48. National CineMedia has a 1-year low of $5.12 and a 1-year high of $16.05.
In related news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of National CineMedia stock in a transaction that occurred 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 legal filing with the SEC, which is available through the SEC website. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of National CineMedia stock in a transaction that occurred 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. Company insiders own 5.40% of the company’s stock.
A number of large investors have recently made changes to their positions in NCMI. Janus Henderson Group PLC bought a new position in National CineMedia in the second quarter valued at approximately $27,242,000. Thompson Siegel & Walmsley LLC boosted its position in National CineMedia by 238.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,707,647 shares of the business services provider’s stock valued at $20,091,000 after buying an additional 1,907,741 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in National CineMedia by 87.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,120,000 shares of the business services provider’s stock valued at $15,730,000 after buying an additional 990,000 shares in the last quarter. Skylands Capital LLC boosted its position in National CineMedia by 714.4% in the second quarter. Skylands Capital LLC now owns 575,750 shares of the business services provider’s stock valued at $4,272,000 after buying an additional 505,050 shares in the last quarter. Finally, Mondrian Investment Partners LTD boosted its position in National CineMedia by 89.0% in the second quarter. Mondrian Investment Partners LTD now owns 682,870 shares of the business services provider’s stock valued at $5,067,000 after buying an additional 321,520 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors and hedge funds.
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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