FY2017 EPS Estimates for National CineMedia, Inc. Lowered by B. Riley (NCMI)
National CineMedia, Inc. (NASDAQ:NCMI) – Analysts at B. Riley cut their FY2017 EPS estimates for National CineMedia in a research report issued on Tuesday. B. Riley analyst E. Wold now anticipates that the business services provider will post earnings of $0.24 per share for the year, down from their prior estimate of $0.33. B. Riley has a “Neutral” rating and a $8.75 price objective on the stock. B. Riley also issued estimates for National CineMedia’s Q4 2017 earnings at $0.16 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.11 EPS, FY2018 earnings at $0.29 EPS and FY2019 earnings at $0.34 EPS.
National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The business had revenue of $116.40 million for the quarter, compared to the consensus estimate of $108.21 million. National CineMedia had a net margin of 4.81% and a negative return on equity of 21.45%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 earnings per share. COPYRIGHT VIOLATION WARNING: This story was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.watchlistnews.com/fy2017-eps-estimates-for-national-cinemedia-inc-lowered-by-b-riley-ncmi/1695034.html.
Other equities analysts also recently issued reports about the stock. Wedbush assumed coverage on shares of National CineMedia in a report on Wednesday, August 2nd. They set a “neutral” rating and a $6.50 target price on the stock. J P Morgan Chase & Co downgraded shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Wednesday. Zacks Investment Research upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Credit Suisse Group lowered their target price on shares of National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, September 28th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $7.85.
National CineMedia (NASDAQ:NCMI) opened at $5.61 on Thursday. The firm has a market cap of $448.24, a price-to-earnings ratio of 18.42, a P/E/G ratio of 2.30 and a beta of 0.65. National CineMedia has a fifty-two week low of $5.12 and a fifty-two week high of $16.05. The company has a current ratio of 1.76, a quick ratio of 1.94 and a debt-to-equity ratio of -14.71.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.88 annualized dividend and a dividend yield of 15.69%. National CineMedia’s dividend payout ratio is currently 266.67%.
In other National CineMedia news, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Amc Starplex, Llc sold 2,800,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $6.49, for a total transaction of $18,172,000.00. The disclosure for this sale can be found here. 5.40% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in NCMI. Pacad Investment Ltd. increased its holdings in shares of 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 purchasing an additional 12,423 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new position in shares of National CineMedia in the third quarter valued at $136,000. Fox Run Management L.L.C. acquired a new position in shares of National CineMedia in the second quarter valued at $137,000. Stifel Financial Corp increased its holdings in shares of National CineMedia by 30.5% in the second quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 4,468 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in shares of National CineMedia in the second quarter valued at $142,000. Hedge funds and other institutional investors own 84.25% of the company’s stock.
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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