National CineMedia, Inc. (NASDAQ:NCMI) – Research analysts at Barrington Research boosted their Q1 2018 earnings estimates for National CineMedia in a research report issued to clients and investors on Tuesday. Barrington Research analyst J. Goss now anticipates that the business services provider will post earnings per share of ($0.06) for the quarter, up from their prior forecast of ($0.08).

Several other equities research analysts also recently weighed in on NCMI. B. Riley set a $14.00 price target on shares of National CineMedia and gave the company a “buy” rating in a research note on Monday, August 7th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $8.00 price target (down from $12.00) on shares of National CineMedia in a research note on Tuesday, August 8th. Credit Suisse Group decreased their price target on shares of National CineMedia from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, September 28th. Finally, Zacks Investment Research downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.90.

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National CineMedia (NCMI) traded up $0.15 during mid-day trading on Thursday, reaching $5.85. 1,148,000 shares of the company traded hands, compared to its average volume of 694,985. The firm has a market capitalization of $447.46, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of -14.71. National CineMedia has a 1-year low of $5.12 and a 1-year high of $16.05.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $116.40 million during the quarter, compared to analyst estimates of $108.21 million. National CineMedia’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 15.04%. The ex-dividend date of this dividend is Wednesday, November 15th. National CineMedia’s dividend payout ratio (DPR) is currently 266.67%.

In other news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $6.49, for a total transaction of $18,172,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was 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.

Several large investors have recently bought and sold shares of NCMI. Janus Henderson Group PLC bought a new stake in shares of National CineMedia during the second quarter worth about $27,242,000. Oaktree Capital Management LP bought a new stake in National CineMedia in the 3rd quarter worth about $25,301,000. Thompson Siegel & Walmsley LLC grew its position in National CineMedia by 238.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,707,647 shares of the business services provider’s stock worth $20,091,000 after purchasing an additional 1,907,741 shares in the last quarter. River Road Asset Management LLC bought a new stake in National CineMedia in the 3rd quarter worth about $11,035,000. Finally, State of New Jersey Common Pension Fund D grew its position in National CineMedia by 87.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,120,000 shares of the business services provider’s stock worth $15,730,000 after purchasing an additional 990,000 shares in the last quarter. 64.87% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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