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.
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.
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