National CineMedia, Inc. (NASDAQ:NCMI) – Research analysts at Barrington Research decreased their Q1 2018 earnings estimates for National CineMedia in a research report issued on Wednesday. Barrington Research analyst J. Goss now forecasts that the business services provider will post earnings of ($0.08) per share for the quarter, down from their prior forecast of ($0.07). Barrington Research currently has a “Market Perform” rating on the stock. Barrington Research also issued estimates for National CineMedia’s FY2019 earnings at $0.40 EPS.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. National CineMedia had a net margin of 4.56% and a negative return on equity of 16.58%. The company had revenue of $97.10 million for the quarter, compared to the consensus estimate of $104.30 million. During the same period last year, the business earned $0.11 EPS. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “National CineMedia, Inc. to Post Q1 2018 Earnings of ($0.08) Per Share, Barrington Research Forecasts (NCMI)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.com-unik.info/2017/08/18/national-cinemedia-inc-to-post-q1-2018-earnings-of-0-08-per-share-barrington-research-forecasts-ncmi.html.
A number of other equities analysts also recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $16.00 price target on shares of National CineMedia in a research report on Tuesday, May 2nd. Zacks Investment Research raised National CineMedia from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. FBR & Co downgraded National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research report on Friday, May 5th. Wedbush started coverage on National CineMedia in a research report on Wednesday, August 2nd. They set a “neutral” rating and a $6.50 price target on the stock. Finally, J P Morgan Chase & Co downgraded National CineMedia from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $17.00 to $12.00 in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.51.
Shares of National CineMedia (NASDAQ:NCMI) opened at 5.46 on Friday. National CineMedia has a 52 week low of $5.42 and a 52 week high of $16.05. The firm’s 50-day moving average price is $6.90 and its 200 day moving average price is $9.88. The stock has a market capitalization of $330.95 million, a P/E ratio of 17.06 and a beta of 0.64.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Saturday, August 12th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 15.91%. The ex-dividend date of this dividend is Wednesday, August 9th. National CineMedia’s payout ratio is 283.87%.
Several institutional investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP purchased a new position in National CineMedia during the first quarter valued at about $138,000. Capital Fund Management S.A. acquired a new stake in National CineMedia during the first quarter valued at approximately $147,000. Oppenheimer Asset Management Inc. acquired a new stake in National CineMedia during the first quarter valued at approximately $161,000. Pacad Investment Ltd. raised its stake in National CineMedia by 690.2% in the second quarter. Pacad Investment Ltd. now owns 14,223 shares of the business services provider’s stock valued at $106,000 after buying an additional 12,423 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in National CineMedia during the first quarter valued at approximately $186,000. 89.68% of the stock is currently owned by hedge funds and other 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.
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