National CineMedia (NCMI) Issues Earnings Results, Beats Estimates By $0.06 EPS

National CineMedia (NASDAQ:NCMI) released its quarterly earnings data on Monday. The business services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06, Bloomberg Earnings reports. National CineMedia had a negative return on equity of 21.45% and a net margin of 4.81%. The firm had revenue of $140.70 million for the quarter, compared to analysts’ expectations of $144.48 million. During the same period in the prior year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was down 1.3% on a year-over-year basis.

National CineMedia (NCMI) traded down $0.12 on Monday, reaching $6.81. The company had a trading volume of 1,457,504 shares, compared to its average volume of 641,265. National CineMedia has a 12-month low of $5.12 and a 12-month high of $13.33. The firm has a market capitalization of $528.31, a PE ratio of 20.64, a PEG ratio of 2.13 and a beta of 0.36. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of -14.71.

In other National CineMedia news, major shareholder General L.P. Standard acquired 210,320 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average cost of $6.97 per share, for a total transaction of $1,465,930.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 438,481 shares of company stock worth $3,019,525 over the last quarter. 5.40% of the stock is currently owned by insiders.

A number of research firms recently commented on NCMI. BidaskClub cut National CineMedia from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research cut National CineMedia from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine cut National CineMedia from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Finally, B. Riley cut National CineMedia to a “hold” rating and set a $8.75 price objective on the stock. in a report on Monday, January 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $7.85.

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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.

Earnings History for National CineMedia (NASDAQ:NCMI)

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