Wall Street brokerages expect National CineMedia, Inc. (NASDAQ:NCMI) to post earnings of $0.14 per share for the current quarter, according to Zacks. Four analysts have issued estimates for National CineMedia’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.16. National CineMedia reported earnings per share of $0.12 in the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The business is scheduled to report its next quarterly earnings results on Monday, November 5th.
On average, analysts expect that National CineMedia will report full year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.43. For the next fiscal year, analysts expect that the company will post earnings of $0.44 per share, with EPS estimates ranging from $0.38 to $0.53. Zacks’ EPS averages are a mean average based on a survey of research firms that cover National CineMedia.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, August 6th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). National CineMedia had a net margin of 1.40% and a negative return on equity of 50.95%. The company had revenue of $113.70 million for the quarter, compared to analysts’ expectations of $108.48 million. During the same quarter last year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis.
A number of brokerages have issued reports on NCMI. Zacks Investment Research downgraded National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. BidaskClub downgraded National CineMedia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 17th. ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. B. Riley upped their price objective on National CineMedia from $10.50 to $11.50 and gave the company a “buy” rating in a research report on Monday, September 24th. Finally, MKM Partners upped their price objective on National CineMedia to $9.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. National CineMedia presently has an average rating of “Buy” and a consensus target price of $9.30.
Shares of NCMI stock opened at $9.31 on Friday. National CineMedia has a 1 year low of $5.09 and a 1 year high of $10.94. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of -9.88. The company has a market cap of $836.56 million, a price-to-earnings ratio of 23.28 and a beta of 0.58.
In other National CineMedia news, major shareholder General L.P. Standard purchased 46,439 shares of National CineMedia stock in a transaction dated Thursday, August 9th. The shares were purchased at an average cost of $8.55 per share, for a total transaction of $397,053.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Clifford E. Marks sold 30,237 shares of the stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $10.00, for a total value of $302,370.00. Following the completion of the sale, the president now owns 526,868 shares in the company, valued at $5,268,680. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. raised its holdings in shares of National CineMedia by 431.8% in the second quarter. Meeder Asset Management Inc. now owns 11,881 shares of the business services provider’s stock worth $100,000 after buying an additional 9,647 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in National CineMedia during the 1st quarter worth $115,000. Dynamic Technology Lab Private Ltd purchased a new position in National CineMedia during the 2nd quarter worth $138,000. MetLife Investment Advisors LLC increased its holdings in National CineMedia by 83.9% during the 1st quarter. MetLife Investment Advisors LLC now owns 30,282 shares of the business services provider’s stock worth $157,000 after purchasing an additional 13,814 shares during the period. Finally, Fox Run Management L.L.C. increased its holdings in National CineMedia by 51.2% during the 2nd quarter. Fox Run Management L.L.C. now owns 29,130 shares of the business services provider’s stock worth $245,000 after purchasing an additional 9,858 shares during the period. Hedge funds and other institutional investors own 84.41% of the company’s stock.
National CineMedia Company Profile
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.
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