Zacks: Analysts Anticipate National CineMedia, Inc. (NASDAQ:NCMI) Will Post Quarterly Sales of $121.02 Million

Analysts predict that National CineMedia, Inc. (NASDAQ:NCMI) will report $121.02 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for National CineMedia’s earnings, with estimates ranging from $118.69 million to $124.20 million. National CineMedia reported sales of $110.10 million in the same quarter last year, which indicates a positive year over year growth rate of 9.9%. The business is scheduled to issue its next earnings results on Monday, November 4th.

On average, analysts expect that National CineMedia will report full year sales of $456.58 million for the current year, with estimates ranging from $451.70 million to $465.00 million. For the next fiscal year, analysts expect that the firm will report sales of $464.92 million, with estimates ranging from $456.58 million to $475.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover National CineMedia.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, August 5th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. National CineMedia had a net margin of 8.12% and a negative return on equity of 36.78%. The firm had revenue of $110.20 million for the quarter, compared to the consensus estimate of $113.07 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis.



Several research firms recently issued reports on NCMI. TheStreet downgraded shares of National CineMedia from a “b-” rating to a “c” rating in a research note on Tuesday, May 7th. Zacks Investment Research raised shares of National CineMedia from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Thursday, August 1st. BidaskClub raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. Barrington Research reissued a “market perform” rating on shares of National CineMedia in a report on Friday, May 17th. Finally, Wedbush raised shares of National CineMedia from a “neutral” rating to an “outperform” rating and set a $8.00 price objective for the company in a report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. National CineMedia has a consensus rating of “Hold” and an average target price of $9.17.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Supplemental Annuity Collective Trust of NJ boosted its holdings in shares of National CineMedia by 5.7% in the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 74,000 shares of the business services provider’s stock valued at $485,000 after buying an additional 4,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of National CineMedia by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,424 shares of the business services provider’s stock valued at $16,915,000 after buying an additional 67,734 shares during the period. Norges Bank acquired a new position in shares of National CineMedia in the 4th quarter valued at about $9,716,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of National CineMedia in the 4th quarter valued at about $298,000. Finally, Northern Trust Corp boosted its holdings in shares of National CineMedia by 42.7% in the 4th quarter. Northern Trust Corp now owns 1,510,378 shares of the business services provider’s stock valued at $9,786,000 after buying an additional 452,207 shares during the period. 90.27% of the stock is owned by institutional investors and hedge funds.

National CineMedia stock traded up $0.08 during midday trading on Friday, hitting $6.69. 372,300 shares of the stock were exchanged, compared to its average volume of 282,782. National CineMedia has a 1 year low of $5.88 and a 1 year high of $10.94. The firm has a market cap of $518.86 million, a P/E ratio of 18.08 and a beta of 0.74. The company has a 50 day moving average price of $6.93 and a two-hundred day moving average price of $7.09.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 10.16%. The ex-dividend date is Wednesday, August 14th. National CineMedia’s dividend payout ratio is currently 183.78%.

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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