Wall Street brokerages predict that National CineMedia, Inc. (NASDAQ:NCMI) will post sales of $142.73 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for National CineMedia’s earnings. The highest sales estimate is $147.40 million and the lowest is $139.60 million. National CineMedia reported sales of $142.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.2%. The firm is expected to report its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that National CineMedia will report full year sales of $142.73 million for the current financial year, with estimates ranging from $425.00 million to $432.80 million. For the next year, analysts anticipate that the firm will report sales of $439.80 million per share, with estimates ranging from $433.90 million to $444.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for National CineMedia.

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

NCMI has been the topic of several research reports. Zacks Investment Research downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Credit Suisse Group dropped their price objective on shares of National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, September 28th. B. Riley set a $9.00 price objective on shares of National CineMedia and gave the stock a “hold” rating in a report on Tuesday, November 14th. J P Morgan Chase & Co downgraded shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Wednesday, November 8th. Finally, ValuEngine upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. National CineMedia has a consensus rating of “Hold” and a consensus target price of $7.90.

In other news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of National CineMedia stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $6.49, for a total transaction of $18,172,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of National CineMedia stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $6.09, for a total transaction of $73,080,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 585,620 shares of company stock worth $3,933,598. Insiders own 5.40% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Pacad Investment Ltd. boosted its position in shares of National CineMedia by 690.2% during the 2nd quarter. Pacad Investment Ltd. now owns 14,223 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 12,423 shares in the last quarter. Stifel Financial Corp boosted its position in shares of National CineMedia by 30.5% during the 2nd quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 4,468 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of National CineMedia during the 2nd quarter valued at about $142,000. Nine Chapters Capital Management LLC acquired a new stake in shares of National CineMedia during the 3rd quarter valued at about $136,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of National CineMedia during the 3rd quarter valued at about $175,000. Institutional investors and hedge funds own 86.40% of the company’s stock.

National CineMedia (NASDAQ:NCMI) traded up $0.07 during trading hours on Friday, hitting $6.92. 1,085,872 shares of the stock traded hands, compared to its average volume of 693,753. National CineMedia has a one year low of $5.12 and a one year high of $15.80. The company has a debt-to-equity ratio of -14.71, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $430.97, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, November 15th. This represents a $0.88 annualized dividend and a dividend yield of 12.72%. National CineMedia’s payout ratio is 266.67%.

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

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