Brokerages expect that National CineMedia, Inc. (NASDAQ:NCMI) will report sales of $114.76 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for National CineMedia’s earnings, with the lowest sales estimate coming in at $110.90 million and the highest estimate coming in at $118.30 million. National CineMedia posted sales of $116.40 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.4%. The company is scheduled to announce its next quarterly earnings results on Monday, November 5th.

According to Zacks, analysts expect that National CineMedia will report full year sales of $444.20 million for the current year, with estimates ranging from $440.30 million to $448.30 million. For the next year, analysts anticipate that the firm will post sales of $451.08 million per share, with estimates ranging from $440.00 million to $457.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover National CineMedia.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Monday, August 6th. The business services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $113.70 million during the quarter, compared to analyst estimates of $108.48 million. National CineMedia had a net margin of 1.40% and a negative return on equity of 50.95%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 earnings per share.

A number of research analysts have recently issued reports on NCMI shares. BidaskClub lowered shares of National CineMedia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 17th. ValuEngine cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. B. Riley raised their target price on shares of National CineMedia from $8.00 to $9.50 and gave the company a “buy” rating in a research note on Monday, June 25th. MKM Partners raised their target price on shares of National CineMedia to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Finally, Zacks Investment Research cut shares of National CineMedia from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. National CineMedia presently has an average rating of “Hold” and a consensus target price of $8.50.

Shares of National CineMedia stock traded down $0.04 on Tuesday, reaching $9.11. 244,500 shares of the stock were exchanged, compared to its average volume of 673,247. National CineMedia has a 1-year low of $5.09 and a 1-year high of $9.30. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of -9.88. The firm has a market cap of $718.07 million, a price-to-earnings ratio of 22.88 and a beta of 0.63.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Thursday, August 16th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, August 15th. This represents a $0.68 annualized dividend and a yield of 7.46%. National CineMedia’s dividend payout ratio is currently 170.00%.

In related news, major shareholder General L.P. Standard purchased 29,500 shares of the stock in a transaction dated Friday, June 29th. The stock was bought at an average cost of $8.53 per share, with a total value of $251,635.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 258,378 shares of company stock valued at $2,215,839 over the last three months. Company insiders own 2.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in NCMI. BlackRock Inc. raised its stake in shares of National CineMedia by 21.4% during the 2nd quarter. BlackRock Inc. now owns 5,297,552 shares of the business services provider’s stock valued at $44,498,000 after purchasing an additional 934,901 shares during the period. Acadian Asset Management LLC increased its stake in shares of National CineMedia by 670.9% in the 2nd quarter. Acadian Asset Management LLC now owns 435,817 shares of the business services provider’s stock valued at $3,660,000 after acquiring an additional 379,280 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of National CineMedia in the 2nd quarter valued at about $2,890,000. Broadview Advisors LLC increased its stake in shares of National CineMedia by 33.2% in the 1st quarter. Broadview Advisors LLC now owns 1,182,731 shares of the business services provider’s stock valued at $6,138,000 after acquiring an additional 295,050 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of National CineMedia in the 1st quarter valued at about $1,489,000. 84.44% of the stock is owned by institutional investors.

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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Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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