National CineMedia Inc. (NCMI) Given Consensus Recommendation of “Buy” by Brokerages
National CineMedia Inc. (NASDAQ:NCMI) has been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $18.06.
Several equities research analysts have commented on NCMI shares. B. Riley restated a “buy” rating and issued a $18.75 price target on shares of National CineMedia in a research note on Tuesday, November 8th. FBR & Co lowered their price objective on shares of National CineMedia from $18.50 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 9th. Benchmark Co. raised their price objective on shares of National CineMedia from $17.81 to $18.08 and gave the company a “buy” rating in a research note on Tuesday, November 8th. Zacks Investment Research lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. Finally, Wedbush reiterated an “outperform” rating and set a $17.50 price objective (down previously from $19.00) on shares of National CineMedia in a research note on Wednesday, August 10th.
Hedge funds have recently modified their holdings of the company. First Dallas Securities Inc. raised its position in National CineMedia by 0.6% in the third quarter. First Dallas Securities Inc. now owns 17,281 shares of the company’s stock worth $255,000 after buying an additional 108 shares in the last quarter. BlackRock Advisors LLC raised its position in National CineMedia by 0.8% in the second quarter. BlackRock Advisors LLC now owns 30,225 shares of the company’s stock worth $468,000 after buying an additional 242 shares in the last quarter. LaSalle Street Capital Management LLC raised its position in National CineMedia by 2.4% in the second quarter. LaSalle Street Capital Management LLC now owns 15,236 shares of the company’s stock worth $236,000 after buying an additional 354 shares in the last quarter. Rhumbline Advisers raised its position in National CineMedia by 0.5% in the third quarter. Rhumbline Advisers now owns 77,152 shares of the company’s stock worth $1,136,000 after buying an additional 420 shares in the last quarter. Finally, Aperio Group LLC raised its position in National CineMedia by 4.6% in the third quarter. Aperio Group LLC now owns 10,630 shares of the company’s stock worth $156,000 after buying an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 92.81% of the company’s stock.
Shares of National CineMedia (NASDAQ:NCMI) traded up 0.78% during mid-day trading on Tuesday, reaching $15.58. The company’s stock had a trading volume of 219,802 shares. 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 of $14.34 and a 200-day moving average of $14.79. The firm has a market capitalization of $932.51 million, a PE ratio of 53.91 and a beta of 0.87.
National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. National CineMedia had a net margin of 3.92% and a negative return on equity of 13.70%. The company had revenue of $113.50 million for the quarter, compared to analyst estimates of $114.52 million. During the same quarter last year, the business earned $0.13 earnings per share. National CineMedia’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts forecast that National CineMedia will post $0.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend 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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