Zacks: Brokerages Expect National CineMedia, Inc. (NASDAQ:NCMI) to Announce $0.21 EPS

Wall Street analysts expect that National CineMedia, Inc. (NASDAQ:NCMI) will announce earnings of $0.21 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for National CineMedia’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.17. National CineMedia reported earnings of $0.23 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.7%. The company is scheduled to issue its next earnings results on Thursday, February 20th.

On average, analysts expect that National CineMedia will report full year earnings of $0.43 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.45. For the next financial year, analysts expect that the firm will report earnings of $0.45 per share, with EPS estimates ranging from $0.41 to $0.48. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for National CineMedia.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, November 4th. The business services provider reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The business had revenue of $110.50 million for the quarter, compared to the consensus estimate of $118.75 million. National CineMedia had a negative return on equity of 32.44% and a net margin of 7.66%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share.

Several brokerages recently commented on NCMI. ValuEngine downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. BidaskClub upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday. Wedbush restated a “buy” rating and issued a $9.00 price target on shares of National CineMedia in a research report on Tuesday, November 5th. Zacks Investment Research upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, B. Riley downgraded shares of National CineMedia from a “buy” rating to a “neutral” rating and reduced their price target for the company from $9.75 to $8.50 in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.70.

A number of hedge funds have recently added to or reduced their stakes in NCMI. Acadian Asset Management LLC purchased a new stake in National CineMedia in the 2nd quarter worth approximately $32,000. Chicago Equity Partners LLC purchased a new stake in National CineMedia in the 2nd quarter worth approximately $70,000. Bank of Montreal Can lifted its position in National CineMedia by 98.7% in the 2nd quarter. Bank of Montreal Can now owns 10,883 shares of the business services provider’s stock worth $72,000 after buying an additional 5,406 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in National CineMedia in the 3rd quarter worth approximately $109,000. Finally, Envestnet Asset Management Inc. purchased a new stake in National CineMedia in the 3rd quarter worth approximately $141,000. Institutional investors own 93.04% of the company’s stock.

Shares of NASDAQ:NCMI traded down $0.03 during mid-day trading on Friday, hitting $6.80. The stock had a trading volume of 273,522 shares, compared to its average volume of 361,446. The company has a market cap of $538.84 million, a PE ratio of 18.38 and a beta of 0.66. National CineMedia has a 12-month low of $5.64 and a 12-month high of $8.93. The company’s 50 day moving average is $7.52 and its 200-day moving average is $7.36.

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.68 dividend on an annualized basis and a yield of 10.00%. National CineMedia’s payout ratio is 183.78%.

National CineMedia Company Profile

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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