National CineMedia, Inc. (NASDAQ:NCMI) – Research analysts at Barrington Research increased their Q1 2018 earnings per share (EPS) estimates for shares of National CineMedia in a research report issued to clients and investors on Tuesday. Barrington Research analyst J. Goss now forecasts that the business services provider will post earnings of ($0.06) per share for the quarter, up from their prior estimate of ($0.08).

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Monday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. National CineMedia had a negative return on equity of 21.45% and a net margin of 4.81%. The business had revenue of $116.40 million for the quarter, compared to analysts’ expectations of $108.21 million. During the same quarter in the previous year, the business posted $0.13 EPS. National CineMedia’s revenue for the quarter was up 2.6% on a year-over-year basis.

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Several other research firms have also recently weighed in on NCMI. B. Riley reiterated a “buy” rating and set a $14.00 price objective on shares of National CineMedia in a report on Wednesday, August 2nd. Wedbush began coverage on National CineMedia in a report on Wednesday, August 2nd. They set a “neutral” rating and a $6.50 price objective on the stock. Credit Suisse Group cut their price objective on National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, September 28th. Zacks Investment Research cut National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $8.00 price objective (down previously from $12.00) on shares of National CineMedia in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $7.90.

National CineMedia (NASDAQ NCMI) opened at $5.85 on Thursday. National CineMedia has a 1-year low of $5.12 and a 1-year high of $16.05. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of -14.71. The firm has a market capitalization of $368.06, a PE ratio of 18.87, a PEG ratio of 2.47 and a beta of 0.65.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCMI. Russell Investments Group Ltd. acquired a new position in shares of National CineMedia during the 2nd quarter worth approximately $1,135,000. Thompson Siegel & Walmsley LLC increased its position in shares of National CineMedia by 238.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,707,647 shares of the business services provider’s stock worth $20,091,000 after purchasing an additional 1,907,741 shares during the last quarter. Engineers Gate Manager LP increased its position in shares of National CineMedia by 74.8% during the 2nd quarter. Engineers Gate Manager LP now owns 91,122 shares of the business services provider’s stock worth $676,000 after purchasing an additional 38,984 shares during the last quarter. Vivaldi Asset Management LLC acquired a new position in shares of National CineMedia during the 2nd quarter worth approximately $1,439,000. Finally, Skylands Capital LLC increased its position in shares of National CineMedia by 41.1% during the 3rd quarter. Skylands Capital LLC now owns 812,150 shares of the business services provider’s stock worth $5,669,000 after purchasing an additional 236,400 shares during the last quarter. Hedge funds and other institutional investors own 64.87% of the company’s stock.

In other National CineMedia news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of the business’s 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 15.04%. The ex-dividend date is Wednesday, November 15th. National CineMedia’s payout ratio is 266.67%.

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.

Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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