Brokers Issue Forecasts for National CineMedia, Inc.’s Q1 2020 Earnings (NCMI)

National CineMedia, Inc. (NASDAQ:NCMI) – Analysts at Wedbush issued their Q1 2020 EPS estimates for National CineMedia in a research note issued on Monday, April 29th, according to Zacks Investment Research. Wedbush analyst A. Reese expects that the business services provider will post earnings of ($0.06) per share for the quarter. Wedbush has a “Hold” rating and a $8.00 price target on the stock. Wedbush also issued estimates for National CineMedia’s Q2 2020 earnings at $0.01 EPS.

Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of National CineMedia from a “c” rating to a “b-” rating in a research note on Friday, March 15th. Zacks Investment Research upgraded shares of National CineMedia from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research note on Thursday, May 9th. BidaskClub upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Barrington Research reiterated a “hold” rating on shares of National CineMedia in a research note on Friday, March 1st. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. National CineMedia presently has an average rating of “Hold” and an average target price of $9.31.

Shares of National CineMedia stock traded down $0.03 on Thursday, hitting $7.31. 195,700 shares of the company’s stock were exchanged, compared to its average volume of 294,766. The stock has a market capitalization of $589.10 million, a PE ratio of 19.76 and a beta of 0.85. National CineMedia has a 1 year low of $5.88 and a 1 year high of $10.94.

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

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 dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.68 annualized dividend and a dividend yield of 9.30%. National CineMedia’s payout ratio is 183.78%.

Several hedge funds have recently made changes to their positions in NCMI. Bank of Montreal Can raised its position in shares of 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 valued at $35,000 after purchasing an additional 1,590 shares during the period. FNY Investment Advisers LLC increased its holdings in National CineMedia by 255.8% in the 4th quarter. FNY Investment Advisers LLC now owns 5,971 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 4,293 shares during the last quarter. SG Americas Securities LLC bought a new stake in National CineMedia in the 4th quarter valued at $65,000. Strs Ohio bought a new stake in National CineMedia in the 4th quarter valued at $87,000. Finally, Federated Investors Inc. PA increased 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 acquiring an additional 2,226 shares during the last quarter. Hedge funds and other institutional investors own 91.24% 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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