National CineMedia, Inc. (NASDAQ:NCMI) Expected to Post Earnings of -$0.02 Per Share

Brokerages predict that National CineMedia, Inc. (NASDAQ:NCMI) will report earnings of ($0.02) per share for the current quarter, Zacks reports. Four analysts have issued estimates for National CineMedia’s earnings, with estimates ranging from ($0.06) to $0.01. National CineMedia reported earnings per share of ($0.01) during the same quarter last year, which indicates a negative year over year growth rate of 100%. The business is expected to report its next quarterly earnings results on Monday, May 4th.

On average, analysts expect that National CineMedia will report full year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.24 to $0.49. For the next fiscal year, analysts anticipate that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.47 to $0.56. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow National CineMedia.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Thursday, February 20th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. National CineMedia had a negative return on equity of 31.57% and a net margin of 8.12%. The business had revenue of $147.20 million for the quarter, compared to analyst estimates of $140.08 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year.

A number of brokerages recently weighed in on NCMI. B. Riley dropped their price objective on National CineMedia from $9.00 to $6.50 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Benchmark lowered National CineMedia from a “buy” rating to a “hold” rating in a report on Wednesday, March 18th. Barrington Research lowered National CineMedia from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 18th. ValuEngine raised National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research raised National CineMedia from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $9.55.

NCMI stock traded down $0.63 on Monday, reaching $3.07. 834,554 shares of the company’s stock were exchanged, compared to its average volume of 1,175,694. The stock has a fifty day moving average of $6.19 and a 200-day moving average of $7.29. National CineMedia has a twelve month low of $1.62 and a twelve month high of $9.85. The firm has a market cap of $294.56 million, a PE ratio of 6.67 and a beta of 0.55.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 24.76%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from National CineMedia’s previous quarterly dividend of $0.17. National CineMedia’s dividend payout ratio is currently 161.70%.

In other news, major shareholder General L.P. Standard bought 236,564 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were bought at an average cost of $2.78 per share, for a total transaction of $657,647.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 1,013,726 shares of company stock worth $2,740,266 in the last ninety days. 4.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in National CineMedia by 0.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 252,638 shares of the business services provider’s stock worth $1,842,000 after purchasing an additional 1,842 shares in the last quarter. Victory Capital Management Inc. boosted its position in National CineMedia by 22.6% during the fourth quarter. Victory Capital Management Inc. now owns 16,381 shares of the business services provider’s stock worth $119,000 after purchasing an additional 3,015 shares in the last quarter. Swiss National Bank boosted its position in National CineMedia by 3.4% during the fourth quarter. Swiss National Bank now owns 121,000 shares of the business services provider’s stock worth $882,000 after purchasing an additional 4,000 shares in the last quarter. State Street Corp boosted its position in National CineMedia by 0.3% during the fourth quarter. State Street Corp now owns 1,582,069 shares of the business services provider’s stock worth $11,533,000 after purchasing an additional 4,003 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in National CineMedia during the fourth quarter worth $34,000. Institutional investors own 92.49% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.

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Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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