National CineMedia (NASDAQ:NCMI) Issues Quarterly Earnings Results, Beats Expectations By $0.32 EPS

National CineMedia (NASDAQ:NCMI) posted its quarterly earnings results on Tuesday. The business services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.32, FiscalAI reports. National CineMedia had a negative return on equity of 1.31% and a negative net margin of 3.05%. The company had revenue of $61.40 million for the quarter, compared to analysts’ expectations of $72.22 million.

National CineMedia Trading Down 2.4%

NASDAQ NCMI traded down $0.04 during trading on Tuesday, hitting $1.62. The stock had a trading volume of 797,785 shares, compared to its average volume of 649,683. National CineMedia has a one year low of $1.43 and a one year high of $4.33. The stock has a 50 day simple moving average of $2.12 and a 200 day simple moving average of $3.11. The stock has a market capitalization of $151.92 million, a price-to-earnings ratio of -18.00 and a beta of 1.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84.

Insider Activity at National CineMedia

In other news, insider Maria Woods sold 12,189 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $2.09, for a total value of $25,475.01. Following the sale, the insider directly owned 176,806 shares in the company, valued at approximately $369,524.54. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NCMI. Zacks Research upgraded National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 9th. Barrington Research set a $4.25 target price on shares of National CineMedia in a report on Wednesday, August 12th. Wall Street Zen cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Saturday. Wedbush set a $5.00 price target on shares of National CineMedia and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, National CineMedia has a consensus rating of “Hold” and a consensus target price of $4.20.

About National CineMedia

National CineMedia, Inc. (NASDAQ: NCMI) is a media and advertising company focused on cinema-based marketing in the United States. Through its network of movie theaters, the company sells advertising opportunities that allow brands to reach audiences before feature films and throughout the theater environment. Its primary product is the Noovie pre-show, a branded entertainment and advertising program shown on theater screens before movies. National CineMedia also offers on-screen advertising, lobby and other in-theater placements, digital and experiential campaigns, and related marketing solutions designed to connect advertisers with moviegoers.