Zacks: Brokerages Anticipate National CineMedia, Inc. (NCMI) Will Post Earnings of -$0.02 Per Share

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Equities analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to post ($0.02) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for National CineMedia’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at ($0.02). National CineMedia posted earnings of ($0.03) per share during the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The company is scheduled to report its next earnings report on Monday, May 6th.

According to Zacks, analysts expect that National CineMedia will report full-year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.53. For the next financial year, analysts anticipate that the business will post earnings of $0.43 per share, with EPS estimates ranging from $0.32 to $0.52. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow National CineMedia.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Thursday, February 21st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. National CineMedia had a negative return on equity of 34.20% and a net margin of 6.75%. The firm had revenue of $137.40 million for the quarter, compared to analyst estimates of $139.48 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue was down 2.3% on a year-over-year basis.

A number of brokerages have recently issued reports on NCMI. Zacks Investment Research lowered National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. BidaskClub upgraded National CineMedia from a “hold” rating to a “buy” rating in a research report on Saturday, January 5th. Barrington Research reiterated a “hold” rating on shares of National CineMedia in a research report on Friday, March 1st. Finally, TheStreet upgraded National CineMedia from a “c” rating to a “b-” rating in a research report on Friday, March 15th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. National CineMedia presently has a consensus rating of “Hold” and an average target price of $10.50.

Shares of NASDAQ:NCMI traded down $0.08 during midday trading on Tuesday, reaching $7.53. 128,893 shares of the company’s stock traded hands, compared to its average volume of 216,057. National CineMedia has a 1 year low of $5.46 and a 1 year high of $10.94. The firm has a market capitalization of $594.58 million, a price-to-earnings ratio of 20.35 and a beta of 0.86.

A number of hedge funds have recently made changes to their positions in the business. Bank of Montreal Can lifted its holdings in National CineMedia by 41.9% in the 4th quarter. Bank of Montreal Can now owns 5,388 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 1,590 shares in the last quarter. Legal & General Group Plc lifted its holdings in National CineMedia by 4.9% in the 4th quarter. Legal & General Group Plc now owns 36,269 shares of the business services provider’s stock valued at $235,000 after purchasing an additional 1,702 shares in the last quarter. Supplemental Annuity Collective Trust of NJ lifted its holdings in National CineMedia by 2.9% in the 4th quarter. Supplemental Annuity Collective Trust of NJ now owns 70,000 shares of the business services provider’s stock valued at $454,000 after purchasing an additional 2,000 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in National CineMedia by 31.2% in the 3rd quarter. Federated Investors Inc. PA now owns 9,372 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 2,226 shares in the last quarter. Finally, Stone Ridge Asset Management LLC lifted its holdings in National CineMedia by 7.2% in the 4th quarter. Stone Ridge Asset Management LLC now owns 38,746 shares of the business services provider’s stock valued at $251,000 after purchasing an additional 2,592 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.

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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Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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