National CineMedia, Inc. (NCMI) Expected to Announce Earnings of $0.14 Per Share

Equities analysts predict that National CineMedia, Inc. (NASDAQ:NCMI) will report $0.14 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for National CineMedia’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.16. National CineMedia reported earnings per share of $0.12 during the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The business is scheduled to announce its next earnings results on Monday, November 5th.

On average, analysts expect that National CineMedia will report full-year earnings of $0.37 per share for the current fiscal year, with EPS estimates ranging from $0.31 to $0.43. For the next year, analysts forecast that the firm will report earnings of $0.44 per share, with EPS estimates ranging from $0.35 to $0.53. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover National CineMedia.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, August 6th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $108.48 million. During the same quarter last year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis.

NCMI has been the topic of several research reports. MKM Partners upped their target price on National CineMedia to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. B. Riley upped their target price on National CineMedia from $9.50 to $10.50 and gave the company a “buy” rating in a research report on Tuesday, August 7th. ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Zacks Investment Research cut National CineMedia from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 27th. Finally, BidaskClub cut National CineMedia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. National CineMedia presently has a consensus rating of “Hold” and an average price target of $8.50.

National CineMedia traded up $0.04, hitting $8.66, on Friday, according to Marketbeat Ratings. 402,935 shares of the company’s stock were exchanged, compared to its average volume of 449,123. The company has a debt-to-equity ratio of -9.88, a current ratio of 2.12 and a quick ratio of 2.43. National CineMedia has a 52 week low of $5.09 and a 52 week high of $8.89. The stock has a market capitalization of $680.94 million, a PE ratio of 21.65 and a beta of 0.55.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Thursday, August 16th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, August 15th. This represents a $0.68 dividend on an annualized basis and a yield of 7.85%. National CineMedia’s payout ratio is 170.00%.

In other National CineMedia news, major shareholder Amc Starplex, Llc sold 1,000,000 shares of the stock in a transaction dated Thursday, May 31st. The stock was sold at an average price of $7.23, for a total transaction of $7,230,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder General L.P. Standard purchased 29,500 shares of the firm’s stock in a transaction on Friday, June 29th. The shares were acquired at an average price of $8.53 per share, with a total value of $251,635.00. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. increased its stake 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 purchasing an additional 9,647 shares in the last quarter. Delpha Capital Management LLC grew its position in shares of National CineMedia by 181.4% in the first quarter. Delpha Capital Management LLC now owns 19,914 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 12,836 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of National CineMedia in the fourth quarter valued at approximately $113,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of National CineMedia in the first quarter valued at approximately $115,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of National CineMedia in the first quarter valued at approximately $245,000. Hedge funds and other institutional investors own 79.03% of the company’s stock.

About National CineMedia

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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