National CineMedia (NASDAQ:NCMI) Posts Quarterly Earnings Results, Beats Expectations By $0.32 EPS

National CineMedia (NASDAQ:NCMI) announced its earnings results on Tuesday. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.32, FiscalAI reports. The business had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $72.22 million. National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.31%.

National CineMedia Price Performance

Shares of NASDAQ:NCMI traded down $0.04 during trading hours on Tuesday, hitting $1.62. 804,622 shares of the company’s stock traded hands, compared to its average volume of 651,487. The company’s fifty day simple moving average is $2.12 and its two-hundred day simple moving average is $3.11. The company has a market cap of $151.92 million, a price-to-earnings ratio of -18.00 and a beta of 1.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84. National CineMedia has a 52 week low of $1.43 and a 52 week high of $4.33.

Insider Buying and Selling

In related news, insider Maria Woods sold 12,189 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $2.09, for a total transaction of $25,475.01. Following the completion of the sale, the insider directly owned 176,806 shares of the company’s stock, valued at $369,524.54. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on NCMI. Zacks Research upgraded shares of National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 9th. Weiss Ratings lowered National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. National Bank Financial set a $1.75 price target on shares of National CineMedia in a research report on Monday, November 2nd. Barrington Research set a $4.25 price objective on shares of National CineMedia in a report on Wednesday, August 12th. Finally, Wedbush set a $5.00 price target on National CineMedia and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.20.

About National CineMedia

National CineMedia, Inc. (NASDAQ: NCMI) is a media and advertising company focused on cinema-based marketing in the United States. Through its network of movie theaters, the company sells advertising opportunities that allow brands to reach audiences before feature films and throughout the theater environment. Its primary product is the Noovie pre-show, a branded entertainment and advertising program shown on theater screens before movies. National CineMedia also offers on-screen advertising, lobby and other in-theater placements, digital and experiential campaigns, and related marketing solutions designed to connect advertisers with moviegoers.