$114.76 Million in Sales Expected for National CineMedia, Inc. (NCMI) This Quarter
Wall Street analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to post $114.76 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for National CineMedia’s earnings. The lowest sales estimate is $110.90 million and the highest is $118.30 million. National CineMedia reported sales of $116.40 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.4%. The company is expected to issue its next quarterly earnings report on Monday, November 5th.
According to Zacks, analysts expect that National CineMedia will report full-year sales of $444.20 million for the current financial year, with estimates ranging from $440.30 million to $448.30 million. For the next financial year, analysts anticipate that the business will report sales of $451.08 million per share, with estimates ranging from $440.00 million to $457.90 million. Zacks’ sales averages are an average based on a survey of analysts that follow 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 for the quarter, missing the consensus estimate of $0.08 by ($0.03). National CineMedia had a negative return on equity of 50.95% and a net margin of 1.40%. The business had revenue of $113.70 million during the quarter, compared to analyst estimates of $108.48 million. During the same period in the prior year, the business posted $0.09 EPS. National CineMedia’s revenue was up 17.1% compared to the same quarter last year.
Shares of National CineMedia traded up $0.04, reaching $8.66, on Tuesday, MarketBeat.com reports. 402,935 shares of the stock were exchanged, compared to its average volume of 449,123. The company has a quick ratio of 2.43, a current ratio of 2.12 and a debt-to-equity ratio of -9.88. National CineMedia has a twelve month low of $5.09 and a twelve month high of $8.89. The company has a market capitalization of $680.94 million, a price-to-earnings ratio of 21.65 and a beta of 0.55.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Thursday, August 16th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.85%. The ex-dividend date is Wednesday, August 15th. National CineMedia’s payout ratio is 170.00%.
In related news, major shareholder Amc Starplex, Llc sold 1,000,000 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder General L.P. Standard purchased 297,600 shares of the company’s stock in a transaction that occurred on Thursday, June 7th. The shares were purchased at an average price of $7.32 per share, with a total value of $2,178,432.00. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of National CineMedia by 21.4% during the second quarter. BlackRock Inc. now owns 5,297,552 shares of the business services provider’s stock worth $44,498,000 after purchasing an additional 934,901 shares in the last quarter. Global X Management Co. LLC acquired a new position in National CineMedia during the first quarter worth $12,590,000. Dimensional Fund Advisors LP boosted its stake in National CineMedia by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,420,191 shares of the business services provider’s stock worth $20,330,000 after buying an additional 150,525 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in National CineMedia by 0.5% during the second quarter. State of New Jersey Common Pension Fund D now owns 2,000,000 shares of the business services provider’s stock worth $16,800,000 after buying an additional 10,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in National CineMedia by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 1,805,744 shares of the business services provider’s stock worth $15,168,000 after buying an additional 61,750 shares during the last quarter. Hedge funds and other institutional investors own 79.03% 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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