National CineMedia, Inc. (NCMI) Issues Earnings Results

National CineMedia, Inc. (NASDAQ:NCMI) released its earnings results on Monday. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04, Briefing.com reports. The firm had revenue of $97.10 million for the quarter, compared to analyst estimates of $104.30 million. National CineMedia had a net margin of 5.57% and a negative return on equity of 17.15%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS.

Shares of National CineMedia (NASDAQ NCMI) traded down 2.76% during trading on Monday, hitting $6.70. The company had a trading volume of 1,527,535 shares. The firm has a market capitalization of $405.99 million, a P/E ratio of 16.42 and a beta of 0.64. National CineMedia has a 1-year low of $5.86 and a 1-year high of $16.10. The company’s 50 day moving average is $7.44 and its 200 day moving average is $10.54.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Saturday, August 12th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 13.13%. The ex-dividend date is Wednesday, August 9th. National CineMedia’s dividend payout ratio is currently 220.01%.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by [[site]] and is the property of of [[site]]. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at [[permalink]].

A number of analysts have weighed in on NCMI shares. B. Riley reissued a “buy” rating and set a $16.00 target price on shares of National CineMedia in a research report on Tuesday, May 2nd. Zacks Investment Research downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. FBR & Co downgraded shares of National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research report on Friday, May 5th. J P Morgan Chase & Co downgraded shares of National CineMedia from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $17.00 to $12.00 in a research report on Friday, May 5th. Finally, Barrington Research downgraded shares of National CineMedia from an “outperform” rating to a “market perform” rating in a research report on Friday, May 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. National CineMedia currently has an average rating of “Hold” and an average target price of $13.08.

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.