National CineMedia (NASDAQ:NCMI) Posts Earnings Results, Misses Expectations By $0.01 EPS

National CineMedia (NASDAQ:NCMI) announced its quarterly earnings results on Tuesday. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01), Zacks reports. The company had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $58.20 million. National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. During the same period in the previous year, the business earned $0.33 EPS. National CineMedia updated its Q4 2024 guidance to EPS.

National CineMedia Stock Up 1.2 %

NASDAQ:NCMI opened at $6.69 on Friday. National CineMedia has a 1-year low of $3.63 and a 1-year high of $7.39. The company has a 50-day moving average of $6.88 and a 200 day moving average of $5.79. The firm has a market cap of $646.05 million, a PE ratio of 2.46 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.45 and a quick ratio of 2.45.

Analyst Ratings Changes

NCMI has been the topic of a number of research reports. B. Riley raised their price objective on shares of National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, August 16th. Wedbush reaffirmed a “neutral” rating and set a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a report on Monday. Barrington Research lifted their price target on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and set a $8.00 price target on shares of National CineMedia in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.06.

National CineMedia Company Profile

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.