FY2017 Earnings Forecast for National CineMedia, Inc. (NASDAQ:NCMI) Issued By Wedbush
National CineMedia, Inc. (NASDAQ:NCMI) – Research analysts at Wedbush reduced their FY2017 earnings per share estimates for shares of National CineMedia in a report issued on Tuesday. Wedbush analyst A. Reese now forecasts that the business services provider will earn $0.19 per share for the year, down from their prior forecast of $0.21. Wedbush currently has a “Neutral” rating and a $6.50 target price on the stock. Wedbush also issued estimates for National CineMedia’s Q4 2017 earnings at $0.22 EPS, Q2 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.20 EPS and FY2018 earnings at $0.24 EPS.
NCMI has been the subject of a number of other research reports. B. Riley reaffirmed a “buy” rating and set a $14.00 price objective on shares of National CineMedia in a research report on Tuesday, May 23rd. FBR & Co lowered National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a report on Friday, May 5th. Barrington Research lowered National CineMedia from an “outperform” rating to a “market perform” rating in a report on Monday, May 15th. BidaskClub lowered National CineMedia from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $8.00 target price (down previously from $12.00) on shares of National CineMedia in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $12.51.
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National CineMedia (NASDAQ:NCMI) opened at 6.44 on Wednesday. The company’s 50-day moving average is $7.33 and its 200 day moving average is $10.45. The firm has a market cap of $390.23 million, a P/E ratio of 15.78 and a beta of 0.64. National CineMedia has a 12 month low of $5.86 and a 12 month high of $16.10.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The company had revenue of $97.10 million for the quarter, compared to analyst estimates of $104.30 million. National CineMedia had a negative return on equity of 14.47% and a net margin of 4.56%. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS.
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 given a $0.22 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 13.66%. National CineMedia’s dividend payout ratio is currently 283.87%.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in National CineMedia by 3.7% in the first quarter. Vanguard Group Inc. now owns 4,906,666 shares of the business services provider’s stock worth $61,970,000 after buying an additional 175,132 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of National CineMedia by 8.3% in the first quarter. Wellington Management Group LLP now owns 4,136,636 shares of the business services provider’s stock valued at $52,246,000 after buying an additional 316,814 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of National CineMedia by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,129,415 shares of the business services provider’s stock valued at $26,894,000 after buying an additional 15,168 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of National CineMedia by 87.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,120,000 shares of the business services provider’s stock valued at $15,730,000 after buying an additional 990,000 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of National CineMedia by 4.2% in the first quarter. State Street Corp now owns 1,390,037 shares of the business services provider’s stock valued at $17,561,000 after buying an additional 56,218 shares during the last quarter. Institutional investors own 91.17% of the company’s stock.
About National CineMedia
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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