National CineMedia (NASDAQ:NCMI) Releases Earnings Results, Misses Estimates By $0.01 EPS

National CineMedia (NASDAQ:NCMI) posted its earnings results on Monday. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01), Yahoo Finance reports. The firm had revenue of $54.70 million during the quarter, compared to analyst estimates of $49.87 million. National CineMedia had a return on equity of 3.45% and a net margin of 426.76%. During the same quarter last year, the business posted ($0.07) earnings per share. National CineMedia updated its Q3 2024 guidance to EPS.

National CineMedia Stock Down 5.1 %

National CineMedia stock traded down $0.32 during midday trading on Wednesday, hitting $5.97. 225,189 shares of the stock were exchanged, compared to its average volume of 677,546. National CineMedia has a 52-week low of $3.10 and a 52-week high of $6.50. The stock has a market capitalization of $576.54 million, a price-to-earnings ratio of 0.18 and a beta of 2.03. The business’s 50-day moving average price is $5.00 and its 200-day moving average price is $4.70. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.02.

Analyst Upgrades and Downgrades

NCMI has been the subject of a number of analyst reports. Barrington Research raised shares of National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 target price for the company in a research report on Tuesday. Benchmark reissued a “speculative buy” rating and issued a $6.00 target price on shares of National CineMedia in a report on Tuesday. Wedbush reaffirmed a “neutral” rating and issued a $6.00 price target on shares of National CineMedia in a research note on Tuesday. Finally, StockNews.com downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, National CineMedia presently has a consensus rating of “Hold” and a consensus target price of $6.56.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment 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.