National CineMedia, Inc. (NCMI) Expected to Post Earnings of $0.10 Per Share

Equities research analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to post $0.10 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for National CineMedia’s earnings, with estimates ranging from $0.08 to $0.12. National CineMedia posted earnings per share of $0.05 in the same quarter last year, which would indicate a positive year over year growth rate of 100%. The business is scheduled to issue its next quarterly earnings report on Monday, August 5th.

On average, analysts expect that National CineMedia will report full year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.37 to $0.52. For the next financial year, analysts forecast that the company will post earnings of $0.46 per share, with EPS estimates ranging from $0.38 to $0.52. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for National CineMedia.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, May 6th. The business services provider reported ($0.01) earnings per share for the quarter, beating the 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 analysts’ expectations of $82.43 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year.

NCMI has been the subject of a number of research analyst reports. Barrington Research reaffirmed a “market perform” rating on shares of National CineMedia in a research report on Friday, May 17th. TheStreet raised shares of National CineMedia from a “c” rating to a “b-” rating in a research report on Friday, March 15th. Zacks Investment Research lowered shares of National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. BidaskClub lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Wedbush reissued a “hold” rating and issued a $8.00 price target on shares of National CineMedia in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.19.

A number of institutional investors have recently modified their holdings of NCMI. JPMorgan Chase & Co. boosted its holdings in National CineMedia by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 149,768 shares of the business services provider’s stock valued at $1,587,000 after acquiring an additional 46,700 shares during the period. Teachers Advisors LLC grew its stake in National CineMedia by 7.0% during the third quarter. Teachers Advisors LLC now owns 160,338 shares of the business services provider’s stock worth $1,698,000 after buying an additional 10,553 shares during the last quarter. Morgan Stanley grew its stake in National CineMedia by 130.0% during the third quarter. Morgan Stanley now owns 585,766 shares of the business services provider’s stock worth $6,204,000 after buying an additional 331,124 shares during the last quarter. Vanguard Group Inc. grew its stake in National CineMedia by 2.8% during the third quarter. Vanguard Group Inc. now owns 6,571,067 shares of the business services provider’s stock worth $69,587,000 after buying an additional 176,667 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in National CineMedia by 41.9% during the fourth 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 last quarter. 90.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NCMI traded down $0.25 during trading hours on Friday, reaching $6.46. 277,148 shares of the company traded hands, compared to its average volume of 264,615. The firm has a market capitalization of $540.93 million, a P/E ratio of 17.45 and a beta of 0.81. National CineMedia has a 1-year low of $5.88 and a 1-year high of $10.94.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 16th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.68 annualized dividend and a yield of 10.53%. National CineMedia’s dividend payout ratio is 183.78%.

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.

Recommended Story: Earnings Per Share

Get a free copy of the Zacks research report on National CineMedia (NCMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for National CineMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia and related companies with MarketBeat.com's FREE daily email newsletter.