Brokerages expect that National CineMedia, Inc. (NASDAQ:NCMI) will announce $115.91 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for National CineMedia’s earnings. The lowest sales estimate is $113.74 million and the highest is $118.30 million. National CineMedia reported sales of $116.40 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The company is scheduled to issue its next quarterly earnings report on Monday, November 5th.
On average, analysts expect that National CineMedia will report full year sales of $446.20 million for the current year, with estimates ranging from $442.00 million to $448.30 million. For the next year, analysts anticipate that the firm will report sales of $453.63 million, with estimates ranging from $440.00 million to $460.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover National CineMedia.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, August 6th. The business services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $113.70 million for the quarter, compared to the consensus estimate of $108.48 million. National CineMedia had a negative return on equity of 50.95% and a net margin of 1.40%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS.
A number of equities research analysts recently weighed in on NCMI shares. ValuEngine lowered National CineMedia from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. B. Riley boosted their price objective on National CineMedia from $9.50 to $10.50 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. MKM Partners boosted their price objective on National CineMedia to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. BidaskClub upgraded National CineMedia from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Finally, Zacks Investment Research upgraded National CineMedia from a “hold” rating to a “strong-buy” rating and set a $9.50 price objective on the stock in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. National CineMedia has a consensus rating of “Buy” and a consensus price target of $9.30.
NCMI stock traded down $0.22 during midday trading on Monday, reaching $9.04. 416,867 shares of the stock were exchanged, compared to its average volume of 489,190. The firm has a market capitalization of $731.49 million, a P/E ratio of 22.60 and a beta of 0.59. National CineMedia has a 52 week low of $5.09 and a 52 week high of $10.94. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of -9.88.
In other National CineMedia news, President Clifford E. Marks sold 30,237 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $10.00, for a total value of $302,370.00. Following the sale, the president now owns 526,868 shares in the company, valued at approximately $5,268,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder General L.P. Standard purchased 46,439 shares of National CineMedia stock in a transaction on Thursday, August 9th. The stock was bought at an average price of $8.55 per share, for a total transaction of $397,053.45. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp grew its position in shares of National CineMedia by 1.2% in the 1st quarter. Northern Trust Corp now owns 717,118 shares of the business services provider’s stock valued at $3,721,000 after buying an additional 8,636 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of National CineMedia by 431.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 11,881 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 9,647 shares during the period. Fox Run Management L.L.C. lifted its stake in shares of National CineMedia by 51.2% in the 2nd quarter. Fox Run Management L.L.C. now owns 29,130 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 9,858 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of National CineMedia by 0.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,000,000 shares of the business services provider’s stock valued at $16,800,000 after purchasing an additional 10,000 shares during the period. Finally, MetLife Investment Advisors LLC lifted its stake in shares of National CineMedia by 83.9% in the 1st quarter. MetLife Investment Advisors LLC now owns 30,282 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 13,814 shares during the period. Hedge funds and other institutional investors own 84.37% of the company’s stock.
About National CineMedia
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.
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