Zacks: Analysts Expect National CineMedia, Inc. (NCMI) to Post $0.20 Earnings Per Share

Analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to announce earnings of $0.20 per share for the current quarter, Zacks reports. Four analysts have provided estimates for National CineMedia’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.22. National CineMedia posted earnings of $0.24 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The business is scheduled to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that National CineMedia will report full year earnings of $0.29 per share for the current financial year, with EPS estimates ranging from $0.24 to $0.33. For the next financial year, analysts forecast that the firm will report earnings of $0.32 per share, with EPS estimates ranging from $0.25 to $0.38. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for National CineMedia.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The firm had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $108.21 million. National CineMedia had a net margin of 4.81% and a negative return on equity of 21.45%. National CineMedia’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS.

A number of brokerages have commented on NCMI. BidaskClub downgraded shares of National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday. Credit Suisse Group cut their price objective on shares of National CineMedia from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, September 28th. B. Riley downgraded shares of National CineMedia from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $14.00 to $8.75 in a research report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. downgraded shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. National CineMedia has a consensus rating of “Hold” and an average target price of $7.90.

Shares of National CineMedia (NASDAQ NCMI) traded up $0.16 during trading hours on Thursday, reaching $6.35. 1,166,536 shares of the company were exchanged, compared to its average volume of 609,529. The firm has a market cap of $399.20, a PE ratio of 19.24, a P/E/G ratio of 2.07 and a beta of 0.62. The company has a debt-to-equity ratio of -14.71, a quick ratio of 1.76 and a current ratio of 1.76. National CineMedia has a 12-month low of $5.12 and a 12-month high of $15.25.

In other news, major shareholder General L.P. Standard acquired 60,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was bought at an average price of $6.64 per share, for a total transaction of $398,400.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have acquired 810,940 shares of company stock valued at $5,503,629. 5.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of National CineMedia by 6.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,199,463 shares of the business services provider’s stock valued at $38,580,000 after purchasing an additional 292,797 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of National CineMedia in the 2nd quarter valued at about $27,242,000. Oaktree Capital Management LP purchased a new position in shares of National CineMedia in the 3rd quarter valued at about $25,301,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of National CineMedia by 12.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 3,054,599 shares of the business services provider’s stock valued at $21,321,000 after purchasing an additional 346,952 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of National CineMedia by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,323,816 shares of the business services provider’s stock valued at $17,243,000 after purchasing an additional 194,401 shares in the last quarter. Institutional investors and hedge funds own 86.37% of the company’s stock.

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

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