National CineMedia Inc. (NCMI) to Post Q4 2016 Earnings of $0.22 Per Share, FBR & Co Forecasts
National CineMedia Inc. (NASDAQ:NCMI) – Equities researchers at FBR & Co decreased their Q4 2016 earnings estimates for National CineMedia in a research report issued to clients and investors on Tuesday. FBR & Co analyst B. Crockett now forecasts that the firm will earn $0.22 per share for the quarter, down from their previous forecast of $0.23. FBR & Co currently has a “Outperform” rating and a $17.00 target price on the stock. FBR & Co also issued estimates for National CineMedia’s FY2020 earnings at $0.77 EPS.
NCMI has been the subject of several other research reports. Zacks Investment Research upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Benchmark Co. raised their price target on shares of National CineMedia from $17.81 to $18.08 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus cut shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Wedbush restated an “outperform” rating and set a $17.50 price target (down previously from $19.00) on shares of National CineMedia in a research note on Wednesday, August 10th. Finally, B. Riley restated a “buy” rating and set a $18.75 price target on shares of National CineMedia in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $18.06.
Shares of National CineMedia (NASDAQ:NCMI) opened at 14.54 on Wednesday. National CineMedia has a 52-week low of $13.37 and a 52-week high of $16.33. The firm has a 50-day moving average price of $14.24 and a 200-day moving average price of $14.74. The firm has a market capitalization of $870.02 million, a P/E ratio of 52.30 and a beta of 0.87.
National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, November 7th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm earned $113.50 million during the quarter, compared to the consensus estimate of $114.52 million. National CineMedia had a negative return on equity of 13.70% and a net margin of 3.92%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in National CineMedia by 5.3% in the second quarter. Vanguard Group Inc. now owns 4,438,472 shares of the company’s stock valued at $68,708,000 after buying an additional 221,533 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in National CineMedia by 4.5% in the third quarter. Stephens Investment Management Group LLC now owns 3,399,380 shares of the company’s stock valued at $50,039,000 after buying an additional 145,119 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of National CineMedia by 10.2% in the first quarter. Wellington Management Group LLP now owns 2,443,768 shares of the company’s stock worth $37,169,000 after buying an additional 226,207 shares in the last quarter. Weitz Investment Management Inc. raised its stake in shares of National CineMedia by 0.5% in the second quarter. Weitz Investment Management Inc. now owns 2,286,953 shares of the company’s stock worth $35,402,000 after buying an additional 10,321 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of National CineMedia by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,040,211 shares of the company’s stock worth $31,581,000 after buying an additional 27,055 shares in the last quarter. 92.77% of the stock is owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Wednesday, November 16th. National CineMedia’s payout ratio is 314.30%.
About National CineMedia
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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