National CineMedia, Inc. (NASDAQ:NCMI) – Stock analysts at B. Riley boosted their Q2 2018 earnings per share estimates for National CineMedia in a research report issued to clients and investors on Tuesday. B. Riley analyst E. Wold now anticipates that the business services provider will earn $0.05 per share for the quarter, up from their previous estimate of $0.03. B. Riley has a “Hold” rating and a $8.75 price target on the stock. B. Riley also issued estimates for National CineMedia’s Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.20 EPS, Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.11 EPS and FY2019 earnings at $0.18 EPS.
Several other research firms have also recently issued reports on NCMI. BidaskClub raised shares of National CineMedia from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Zacks Investment Research cut shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Friday, March 9th. ValuEngine cut shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Finally, Benchmark cut their price target on shares of National CineMedia from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.21.
National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, March 12th. The business services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $144.48 million. National CineMedia had a net margin of 0.12% and a negative return on equity of 41.83%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd will be issued a $0.17 dividend. The ex-dividend date is Wednesday, March 21st. This represents a $0.68 dividend on an annualized basis and a yield of 10.90%. National CineMedia’s dividend payout ratio (DPR) is presently 4,400.00%.
In related news, major shareholder General L.P. Standard bought 15,000 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was bought at an average cost of $6.94 per share, with a total value of $104,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new position in National CineMedia in the fourth quarter valued at about $113,000. Greenhouse Funds LLLP increased its holdings in National CineMedia by 38.7% in the fourth quarter. Greenhouse Funds LLLP now owns 1,634,645 shares of the business services provider’s stock valued at $11,214,000 after buying an additional 456,352 shares in the last quarter. Millennium Management LLC increased its holdings in National CineMedia by 199.9% in the fourth quarter. Millennium Management LLC now owns 587,954 shares of the business services provider’s stock valued at $4,033,000 after buying an additional 391,896 shares in the last quarter. Two Sigma Investments LP increased its holdings in National CineMedia by 48.4% in the fourth quarter. Two Sigma Investments LP now owns 202,538 shares of the business services provider’s stock valued at $1,389,000 after buying an additional 66,051 shares in the last quarter. Finally, HPM Partners LLC purchased a new position in National CineMedia in the fourth quarter valued at about $110,000. 87.16% of the stock is owned by institutional investors.
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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.
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