National CineMedia, Inc. (NASDAQ:NCMI) – Equities researchers at Wedbush decreased their Q2 2020 earnings per share (EPS) estimates for shares of National CineMedia in a report released on Wednesday, July 29th. Wedbush analyst M. Pachter now expects that the business services provider will earn ($0.22) per share for the quarter, down from their prior estimate of ($0.20). Wedbush has a “Neutral” rating and a $3.00 price target on the stock. Wedbush also issued estimates for National CineMedia’s Q3 2020 earnings at ($0.20) EPS, Q4 2020 earnings at ($0.14) EPS, FY2020 earnings at ($0.60) EPS, Q1 2021 earnings at ($0.15) EPS, Q2 2021 earnings at ($0.08) EPS, Q3 2021 earnings at ($0.07) EPS, Q4 2021 earnings at ($0.03) EPS and FY2021 earnings at ($0.34) EPS.

Other equities analysts have also issued reports about the stock. B. Riley reiterated a “buy” rating and set a $6.00 target price on shares of National CineMedia in a research report on Thursday, June 18th. Barrington Research reiterated a “hold” rating on shares of National CineMedia in a research report on Monday, July 13th. ValuEngine lowered shares of National CineMedia from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research lowered shares of National CineMedia from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, MKM Partners reduced their target price on shares of National CineMedia from $8.50 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.21.

Shares of NCMI stock opened at $2.47 on Friday. National CineMedia has a 1 year low of $1.62 and a 1 year high of $9.85. The firm’s 50 day moving average is $3.03 and its 200-day moving average is $4.39. The firm has a market capitalization of $206.23 million, a price-to-earnings ratio of 6.17 and a beta of 1.04.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). The firm had revenue of $64.70 million for the quarter, compared to the consensus estimate of $64.23 million. National CineMedia had a negative return on equity of 27.33% and a net margin of 7.74%. National CineMedia’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in National CineMedia by 0.6% in the first quarter. BlackRock Inc. now owns 4,657,058 shares of the business services provider’s stock valued at $15,183,000 after buying an additional 28,827 shares during the period. Wasatch Advisors Inc. lifted its holdings in National CineMedia by 29.9% in the first quarter. Wasatch Advisors Inc. now owns 3,562,752 shares of the business services provider’s stock valued at $11,615,000 after buying an additional 820,456 shares during the period. Geode Capital Management LLC lifted its holdings in National CineMedia by 8.8% in the first quarter. Geode Capital Management LLC now owns 957,641 shares of the business services provider’s stock valued at $3,121,000 after buying an additional 77,320 shares during the period. Invesco Ltd. lifted its holdings in National CineMedia by 8.4% in the first quarter. Invesco Ltd. now owns 783,192 shares of the business services provider’s stock valued at $2,554,000 after buying an additional 60,632 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in National CineMedia by 33.0% in the first quarter. Nuveen Asset Management LLC now owns 360,209 shares of the business services provider’s stock valued at $1,175,000 after purchasing an additional 89,437 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.

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

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