National CineMedia (NCMI) Given News Sentiment Rating of 0.13
News articles about National CineMedia (NASDAQ:NCMI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. National CineMedia earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 45.9260324876071 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Analysts Expect National CineMedia, Inc. (NCMI) Will Announce Earnings of $0.07 Per Share (americanbankingnews.com)
- National CineMedia, Inc. (NCMI) Major Shareholder Sells $73,080,000.00 in Stock (americanbankingnews.com)
- ETFs with exposure to National CineMedia, Inc. : September 20, 2017 (finance.yahoo.com)
- National CineMedia, Inc. breached its 50 day moving average in a Bullish Manner : NCMI-US : September 18, 2017 (finance.yahoo.com)
- National CineMedia (NCMI) Jumps: Stock Rises 18.2% (finance.yahoo.com)
Several equities research analysts have recently weighed in on the stock. J P Morgan Chase & Co reissued a “neutral” rating and issued a $8.00 target price (down previously from $12.00) on shares of National CineMedia in a research report on Tuesday, August 8th. BidaskClub downgraded shares of National CineMedia from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Zacks Investment Research raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Wedbush assumed coverage on shares of National CineMedia in a research report on Wednesday, August 2nd. They issued a “neutral” rating and a $6.50 target price for the company. Finally, B. Riley reissued a “buy” rating and issued a $14.00 target price on shares of National CineMedia in a research report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. National CineMedia has a consensus rating of “Hold” and a consensus target price of $12.51.
Shares of National CineMedia (NASDAQ NCMI) traded up 2.65% during midday trading on Friday, hitting $6.97. 848,315 shares of the company were exchanged. National CineMedia has a one year low of $5.12 and a one year high of $16.05. The stock’s 50-day moving average is $5.86 and its 200-day moving average is $8.63. The stock has a market cap of $422.48 million, a PE ratio of 21.78 and a beta of 0.67.
National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). National CineMedia had a net margin of 4.56% and a negative return on equity of 16.58%. The business had revenue of $97.10 million during the quarter, compared to analyst estimates of $104.30 million. During the same quarter in the prior year, the company posted $0.11 EPS. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. Equities research analysts anticipate that National CineMedia will post $0.29 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Saturday, August 12th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 12.63%. The ex-dividend date was Wednesday, August 9th. National CineMedia’s dividend payout ratio is 283.87%.
In other news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $6.09, for a total value of $73,080,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.40% of the company’s stock.
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About National CineMedia
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.
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