National CineMedia Inc. (NCMI) To Go Ex-Dividend on November 16th
National CineMedia Inc. (NASDAQ:NCMI) announced a quarterly dividend on Tuesday, November 8th. Shareholders of record on Friday, November 18th will be paid a dividend of 0.22 per share on Friday, December 2nd. This represents a $0.88 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend is Wednesday, November 16th.
Shares of National CineMedia (NASDAQ:NCMI) opened at 14.54 on Friday. The stock has a market capitalization of $870.02 million, a P/E ratio of 52.30 and a beta of 0.87. The firm’s 50-day moving average price is $14.24 and its 200 day moving average price is $14.74. National CineMedia has a 52 week low of $13.37 and a 52 week high of $16.33.
National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. National CineMedia had a negative return on equity of 13.92% and a net margin of 3.92%. The business earned $113.50 million during the quarter, compared to analyst estimates of $114.52 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts expect that National CineMedia will post $0.40 earnings per share for the current year.
Several brokerages have issued reports on NCMI. B. Riley restated a “buy” rating and set a $18.75 target price on shares of National CineMedia in a research report on Tuesday. Zacks Investment Research upgraded National CineMedia from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Thursday. FBR & Co dropped their target price on National CineMedia from $18.50 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, August 9th. Wedbush reiterated an “outperform” rating and issued a $17.50 price target (down previously from $19.00) on shares of National CineMedia in a report on Wednesday, August 10th. Finally, Stifel Nicolaus lowered National CineMedia from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $18.06.
A number of institutional investors have recently modified their holdings of NCMI. Guggenheim Capital LLC increased its position in shares of National CineMedia by 120.9% in the second quarter. Guggenheim Capital LLC now owns 30,726 shares of the company’s stock worth $476,000 after buying an additional 16,817 shares during the period. Barclays PLC increased its position in shares of National CineMedia by 10.2% in the second quarter. Barclays PLC now owns 17,421 shares of the company’s stock worth $269,000 after buying an additional 1,615 shares during the period. Teachers Advisors Inc. increased its position in shares of National CineMedia by 7.6% in the second quarter. Teachers Advisors Inc. now owns 101,516 shares of the company’s stock worth $1,571,000 after buying an additional 7,135 shares during the period. TFS Capital LLC acquired a new position in shares of National CineMedia during the second quarter worth approximately $329,000. Finally, Freestone Capital Holdings LLC increased its position in shares of National CineMedia by 61.1% in the second quarter. Freestone Capital Holdings LLC now owns 46,137 shares of the company’s stock worth $714,000 after buying an additional 17,500 shares during the period. 92.77% of the stock is owned by institutional investors.
National CineMedia Company Profile
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America, through which it sells in-theatre and online advertising and promotions. The Company is engaged in advertising business.
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