According to Zacks, “NATIONAL CINEMEDIA operates the largest digital in theatre network in North America that allows them to distribute advertisements and other content for our advertising, meetings and events businesses utilizing our proprietary digital content network. They have long term exhibitor services agreements with our founding members, Cinemark and Regal, the three largest motion picture exhibition companies in the U.S.and multi year agreements with several other theatre operators whom they refer to as network affiliates. The network affiliate agreements grant them exclusive rights, subject to limited exceptions, to sell advertising on their theatre screens. “
Several other research analysts have also issued reports on the stock. BidaskClub lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Saturday, June 1st. ValuEngine lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Barrington Research restated a “market perform” rating on shares of National CineMedia in a research report on Friday, May 17th. TheStreet lowered shares of National CineMedia from a “b-” rating to a “c” rating in a research report on Tuesday, May 7th. Finally, Wedbush reaffirmed a “hold” rating and issued a $8.00 price objective on shares of National CineMedia in a research note on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. National CineMedia has a consensus rating of “Hold” and a consensus target price of $8.94.
National CineMedia stock opened at $6.30 on Wednesday. The company has a market capitalization of $497.51 million, a price-to-earnings ratio of 17.03 and a beta of 0.81. National CineMedia has a 1 year low of $5.88 and a 1 year high of $10.94.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Monday, May 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $76.90 million for the quarter, compared to analyst estimates of $82.43 million. National CineMedia had a net margin of 6.98% and a negative return on equity of 33.32%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Equities analysts forecast that National CineMedia will post 0.44 EPS for the current year.
Several large investors have recently modified their holdings of the business. Bank of Montreal Can boosted its position in National CineMedia by 41.9% during the 4th quarter. Bank of Montreal Can now owns 5,388 shares of the business services provider’s stock worth $35,000 after buying an additional 1,590 shares during the period. SG Americas Securities LLC bought a new position in National CineMedia during the 4th quarter worth approximately $65,000. Strs Ohio bought a new position in National CineMedia during the 4th quarter worth approximately $87,000. Meitav Dash Investments Ltd. bought a new position in National CineMedia during the 1st quarter worth approximately $120,000. Finally, BNP Paribas Arbitrage SA raised its holdings in National CineMedia by 86.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 19,046 shares of the business services provider’s stock worth $134,000 after purchasing an additional 8,819 shares during the last quarter. 90.91% of the stock is owned by institutional investors.
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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