National CineMedia (NASDAQ:NCMI) – Barrington Research lifted their FY2018 earnings per share estimates for National CineMedia in a report released on Monday, May 7th. Barrington Research analyst J. Goss now expects that the business services provider will post earnings of $0.41 per share for the year, up from their previous estimate of $0.34. Barrington Research currently has a “Hold” rating on the stock. Barrington Research also issued estimates for National CineMedia’s Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.14 EPS and FY2020 earnings at $0.44 EPS.
Get National CineMedia alerts:
A number of other research firms have also issued reports on NCMI. BidaskClub raised National CineMedia from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 24th. Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a research report on Friday, March 9th. ValuEngine lowered National CineMedia from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. B. Riley lowered National CineMedia to a “hold” rating and set a $8.75 price target on the stock. in a research report on Monday, January 29th. Finally, Benchmark reaffirmed a “buy” rating and issued a $10.00 price target (down previously from $12.00) on shares of National CineMedia in a research report on Tuesday, March 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.10.
NCMI stock opened at $6.80 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of -769.42. The stock has a market capitalization of $508.84 million, a price-to-earnings ratio of 17.00 and a beta of 0.53. National CineMedia has a 1 year low of $5.09 and a 1 year high of $8.80.
National CineMedia (NASDAQ:NCMI) last posted its earnings results on Monday, May 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $80.20 million for the quarter, compared to analyst estimates of $75.18 million. National CineMedia had a negative return on equity of 65.53% and a net margin of 0.83%. National CineMedia’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS.
In other National CineMedia news, major shareholder General L.P. Standard acquired 249,600 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were acquired at an average price of $5.74 per share, for a total transaction of $1,432,704.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders bought 1,387,513 shares of company stock worth $7,889,192. Company insiders own 5.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NCMI. HPM Partners LLC purchased a new position in shares of National CineMedia in the 4th quarter valued at about $110,000. MetLife Investment Advisors LLC purchased a new position in shares of National CineMedia in the 4th quarter valued at about $113,000. Engineers Gate Manager LP purchased a new position in shares of National CineMedia in the 4th quarter valued at about $119,000. Teacher Retirement System of Texas purchased a new position in shares of National CineMedia in the 4th quarter valued at about $149,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of National CineMedia in the 4th quarter valued at about $165,000. Institutional investors and hedge funds own 86.20% of the company’s stock.
National CineMedia Company Profile
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.