National CineMedia, Inc. (NASDAQ:NCMI) – Stock analysts at Wedbush reduced their Q1 2019 earnings per share estimates for National CineMedia in a report issued on Tuesday, November 6th. Wedbush analyst A. Reese now expects that the business services provider will post earnings of ($0.06) per share for the quarter, down from their prior estimate of ($0.04). Wedbush also issued estimates for National CineMedia’s Q3 2019 earnings at $0.13 EPS and FY2019 earnings at $0.36 EPS.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, November 5th. The business services provider reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $110.10 million for the quarter, compared to analysts’ expectations of $117.48 million. National CineMedia had a net margin of 1.82% and a negative return on equity of 50.31%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS.

Several other research analysts have also recently weighed in on NCMI. BidaskClub cut shares of National CineMedia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 17th. Zacks Investment Research upgraded shares of National CineMedia from a “hold” rating to a “strong-buy” rating and set a $9.50 price target on the stock in a research note on Thursday, July 26th. ValuEngine cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. B. Riley lifted their price target on shares of National CineMedia from $9.50 to $10.50 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Finally, MKM Partners lifted 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.38.

Shares of National CineMedia stock opened at $7.50 on Friday. The firm has a market cap of $577.19 million, a PE ratio of 18.75 and a beta of 0.83. National CineMedia has a 1-year low of $5.09 and a 1-year high of $10.94.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. lifted its stake in shares of National CineMedia by 431.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 11,881 shares of the business services provider’s stock valued at $100,000 after buying an additional 9,647 shares in the last quarter. CAPROCK Group Inc. purchased a new stake in National CineMedia in the 3rd quarter worth $148,000. Dynamic Technology Lab Private Ltd purchased a new stake in National CineMedia in the 2nd quarter worth $138,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in National CineMedia in the 3rd quarter worth $176,000. Finally, HAP Trading LLC purchased a new stake in National CineMedia in the 3rd quarter worth $202,000. Institutional investors own 84.12% of the company’s stock.

In related news, President Clifford E. Marks sold 30,237 shares of National CineMedia stock in a transaction on Monday, September 24th. The shares were sold at an average price of $10.00, for a total transaction of $302,370.00. Following the transaction, 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 SEC, which can be accessed through this link. Also, major shareholder General L.P. Standard bought 182,439 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were purchased at an average price of $8.59 per share, for a total transaction of $1,567,151.01. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.07%. The ex-dividend date is Wednesday, November 14th. National CineMedia’s dividend payout ratio (DPR) is 170.00%.

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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