Brokerages Anticipate National CineMedia, Inc. (NCMI) Will Announce Earnings of $0.09 Per Share
Equities analysts predict that National CineMedia, Inc. (NASDAQ:NCMI) will post earnings of $0.09 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for National CineMedia’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.02. National CineMedia posted earnings per share of $0.13 during the same quarter last year, which suggests a negative year over year growth rate of 30.8%. The business is scheduled to report its next earnings report on Monday, November 6th.
On average, analysts expect that National CineMedia will report full year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.19 to $0.30. For the next year, analysts expect that the business will report earnings of $0.33 per share, with EPS estimates ranging from $0.24 to $0.36. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for National CineMedia.
National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, August 7th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $97.10 million during the quarter, compared to analyst estimates of $104.30 million. National CineMedia had a net margin of 4.56% and a negative return on equity of 16.58%. National CineMedia’s revenue was down 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS.
Several research analysts recently weighed in on NCMI shares. Credit Suisse Group decreased their target price on National CineMedia from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, September 28th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $8.00 target price (down previously from $12.00) on shares of National CineMedia in a research note on Tuesday, August 8th. BidaskClub cut National CineMedia from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Zacks Investment Research raised National CineMedia from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Wedbush started coverage on National CineMedia in a research note on Wednesday, August 2nd. They set a “neutral” rating and a $6.50 target price for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.93.
National CineMedia (NASDAQ:NCMI) traded down 1.58% on Thursday, hitting $6.87. The stock had a trading volume of 385,736 shares. National CineMedia has a one year low of $5.12 and a one year high of $16.05. The stock has a 50-day moving average of $6.44 and a 200-day moving average of $7.91. The company has a market cap of $416.42 million, a PE ratio of 21.47 and a beta of 0.68.
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In other news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $6.49, for a total transaction of $18,172,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $6.09, for a total value of $73,080,000.00. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. DRW Securities LLC purchased a new stake in shares of National CineMedia during the second quarter valued at $142,000. The Manufacturers Life Insurance Company lifted its holdings in shares of National CineMedia by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 50,503 shares of the business services provider’s stock valued at $375,000 after purchasing an additional 2,341 shares during the last quarter. State Street Corp lifted its holdings in shares of National CineMedia by 2.3% during the second quarter. State Street Corp now owns 1,422,084 shares of the business services provider’s stock valued at $10,553,000 after purchasing an additional 32,047 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of National CineMedia during the second quarter valued at $27,242,000. Finally, Western Standard LLC purchased a new stake in shares of National CineMedia during the second quarter valued at $1,372,000. 85.72% of the stock is owned by institutional investors and hedge funds.
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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