National CineMedia, Inc. (NCMI) Expected to Announce Quarterly Sales of $110.04 Million
Wall Street analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to announce sales of $110.04 million for the current quarter, according to Zacks. Four analysts have made estimates for National CineMedia’s earnings. The highest sales estimate is $115.56 million and the lowest is $100.60 million. National CineMedia reported sales of $113.50 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The business is expected to announce its next quarterly earnings report on Monday, November 6th.
On average, analysts expect that National CineMedia will report full-year sales of $110.04 million for the current fiscal year, with estimates ranging from $416.80 million to $436.40 million. For the next fiscal year, analysts forecast that the company will report sales of $440.87 million per share, with estimates ranging from $425.10 million to $451.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for National CineMedia.
National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, August 7th. The business services provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $97.10 million during the quarter, compared to the consensus estimate of $104.30 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The business’s revenue was down 15.9% on a year-over-year basis.
A number of equities analysts have commented on NCMI shares. Credit Suisse Group decreased their price target on National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, September 28th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $8.00 price objective (down from $12.00) on shares of National CineMedia in a research report on Tuesday, August 8th. BidaskClub lowered National CineMedia from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Zacks Investment Research upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Wedbush started coverage on National CineMedia in a research report on Wednesday, August 2nd. They issued a “neutral” rating and a $6.50 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $10.93.
In other news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of National CineMedia stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $6.49, for a total value of $18,172,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of National CineMedia stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $6.09, for a total value of $73,080,000.00. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCMI. Janus Henderson Group PLC bought a new stake in shares of National CineMedia during the second quarter valued at approximately $27,242,000. Thompson Siegel & Walmsley LLC boosted its position in shares of National CineMedia by 238.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,707,647 shares of the business services provider’s stock valued at $20,091,000 after purchasing an additional 1,907,741 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of National CineMedia by 87.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 2,120,000 shares of the business services provider’s stock valued at $15,730,000 after purchasing an additional 990,000 shares in the last quarter. Skylands Capital LLC boosted its position in shares of National CineMedia by 714.4% during the second quarter. Skylands Capital LLC now owns 575,750 shares of the business services provider’s stock valued at $4,272,000 after purchasing an additional 505,050 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of National CineMedia by 452.8% during the first quarter. Citadel Advisors LLC now owns 413,249 shares of the business services provider’s stock valued at $5,219,000 after purchasing an additional 338,498 shares in the last quarter. Institutional investors own 85.72% of the company’s stock.
Shares of National CineMedia (NASDAQ:NCMI) traded down 1.58% during mid-day trading on Friday, reaching $6.87. The company had a trading volume of 385,736 shares. The stock has a 50 day moving average price of $6.44 and a 200 day moving average price of $7.91. National CineMedia has a 12-month low of $5.12 and a 12-month high of $16.05. The firm has a market capitalization of $416.42 million, a PE ratio of 21.47 and a beta of 0.68.
National CineMedia Company Profile
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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