Analysts Expect National CineMedia, Inc. (NCMI) Will Post Quarterly Sales of $111.62 Million

Wall Street analysts predict that National CineMedia, Inc. (NASDAQ:NCMI) will announce $111.62 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for National CineMedia’s earnings. The highest sales estimate is $113.00 million and the lowest is $109.30 million. National CineMedia reported sales of $113.70 million in the same quarter last year, which would suggest a negative year over year growth rate of 1.8%. The firm is expected to announce its next earnings report on Monday, August 5th.

On average, analysts expect that National CineMedia will report full-year sales of $457.71 million for the current fiscal year, with estimates ranging from $451.72 million to $465.00 million. For the next year, analysts forecast that the business will post sales of $467.60 million, with estimates ranging from $456.48 million to $475.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for National CineMedia.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, May 6th. The business services provider reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. National CineMedia had a net margin of 6.98% and a negative return on equity of 33.32%. The business had revenue of $76.90 million for the quarter, compared to analyst estimates of $82.43 million. During the same period in the prior year, the business posted ($0.03) earnings per share. National CineMedia’s revenue was down 4.1% compared to the same quarter last year.

Several equities research analysts have weighed in on NCMI shares. Zacks Investment Research lowered shares of National CineMedia from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Wedbush reissued a “hold” rating and set a $8.00 price objective on shares of National CineMedia in a research report on Tuesday, May 7th. BidaskClub downgraded shares of National CineMedia from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. TheStreet downgraded shares of National CineMedia from a “b-” rating to a “c” rating in a research report on Tuesday, May 7th. Finally, Barrington Research reaffirmed a “hold” rating on shares of National CineMedia in a research report on Friday, March 1st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $9.31.

NASDAQ NCMI traded down $0.21 during trading hours on Friday, hitting $7.49. The company’s stock had a trading volume of 12,590 shares, compared to its average volume of 273,204. National CineMedia has a twelve month low of $5.88 and a twelve month high of $10.94. The firm has a market capitalization of $589.10 million, a P/E ratio of 20.24 and a beta of 0.85.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.08%. The ex-dividend date of this dividend is Wednesday, May 15th. National CineMedia’s dividend payout ratio (DPR) is presently 183.78%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of National CineMedia during the 4th quarter worth about $9,716,000. ArrowMark Colorado Holdings LLC lifted its stake in shares of National CineMedia by 6.1% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 10,318,345 shares of the business services provider’s stock worth $72,744,000 after buying an additional 594,918 shares during the last quarter. Delek Group Ltd. lifted its stake in shares of National CineMedia by 79.4% during the 4th quarter. Delek Group Ltd. now owns 1,049,680 shares of the business services provider’s stock worth $6,985,000 after buying an additional 464,500 shares during the last quarter. Northern Trust Corp lifted its stake in shares of National CineMedia by 42.7% during the 4th quarter. Northern Trust Corp now owns 1,510,378 shares of the business services provider’s stock worth $9,786,000 after buying an additional 452,207 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of National CineMedia by 240.1% during the 3rd quarter. Renaissance Technologies LLC now owns 504,236 shares of the business services provider’s stock worth $5,340,000 after buying an additional 355,954 shares during the last quarter. 91.24% 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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Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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