Brokerages predict that National CineMedia, Inc. (NASDAQ:NCMI) will report sales of $105.62 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for National CineMedia’s earnings. The highest sales estimate is $115.56 million and the lowest is $97.80 million. National CineMedia posted sales of $113.50 million in the same quarter last year, which suggests a negative year-over-year growth rate of 6.9%. The company is scheduled to report its next earnings results on Monday, November 6th.
On average, analysts expect that National CineMedia will report full-year sales of $105.62 million for the current fiscal year, with estimates ranging from $416.80 million to $431.94 million. For the next financial year, analysts anticipate that the business will report sales of $439.64 million per share, with estimates ranging from $425.10 million to $446.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow National CineMedia.
National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by $0.04. The firm had revenue of $97.10 million for the quarter, compared to analysts’ expectations of $104.30 million. National CineMedia had a net margin of 4.56% and a negative return on equity of 16.58%. The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS.
Several brokerages recently issued reports on NCMI. B. Riley reaffirmed a “buy” rating and set a $14.00 price objective on shares of National CineMedia in a report on Saturday, August 12th. Zacks Investment Research raised National CineMedia from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $8.00 price objective (down from $12.00) on shares of National CineMedia in a report on Tuesday, August 8th. Wedbush began coverage on National CineMedia in a report on Wednesday, August 2nd. They set a “neutral” rating and a $6.50 price objective for the company. Finally, BidaskClub cut National CineMedia from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.51.
A number of institutional investors have recently added to or reduced their stakes in the company. DRW Securities LLC bought a new position in National CineMedia during the second quarter valued at $142,000. The Manufacturers Life Insurance Company increased its position in National CineMedia by 4.9% in 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 buying an additional 2,341 shares during the last quarter. State Street Corp increased its position in National CineMedia by 2.3% in 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 buying an additional 32,047 shares during the last quarter. Janus Henderson Group PLC bought a new position in National CineMedia during the second quarter valued at $27,242,000. Finally, Western Standard LLC bought a new position in National CineMedia during the second quarter valued at $1,372,000. 89.68% of the stock is owned by institutional investors.
National CineMedia (NASDAQ:NCMI) opened at 5.52 on Friday. The stock has a market cap of $334.59 million, a price-to-earnings ratio of 17.25 and a beta of 0.64. The stock’s 50 day moving average price is $6.84 and its 200 day moving average price is $9.82. National CineMedia has a 52 week low of $5.41 and a 52 week high of $16.05.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Saturday, August 12th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 15.94%. The ex-dividend date of this dividend is Wednesday, August 9th. National CineMedia’s payout ratio is 283.87%.
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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