National CineMedia (NASDAQ:NCMI) – Wedbush dropped their Q2 2018 EPS estimates for shares of National CineMedia in a report released on Tuesday, March 13th, Zacks Investment Research reports. Wedbush analyst A. Reese now forecasts that the business services provider will earn $0.07 per share for the quarter, down from their previous forecast of $0.09. Wedbush also issued estimates for National CineMedia’s Q3 2018 earnings at $0.12 EPS, FY2018 earnings at $0.32 EPS, Q1 2019 earnings at ($0.04) EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.11 EPS and FY2019 earnings at $0.31 EPS.
National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, March 12th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $140.70 million for the quarter, compared to analysts’ expectations of $144.48 million. National CineMedia had a net margin of 0.12% and a negative return on equity of 55.42%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS.
A number of other research firms also recently issued reports on NCMI. BidaskClub upgraded shares of National CineMedia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Zacks Investment Research downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. ValuEngine downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. B. Riley downgraded shares of National CineMedia to a “hold” rating and set a $8.75 price objective on the stock. in a research note on Monday, January 29th. Finally, Benchmark reiterated a “buy” rating and set a $10.00 price objective (down from $12.00) on shares of National CineMedia in a research note on Tuesday, March 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.92.
Shares of NASDAQ:NCMI traded up $0.02 during trading on Thursday, reaching $5.46. 596,172 shares of the company were exchanged, compared to its average volume of 1,146,583. The company has a debt-to-equity ratio of -769.42, a quick ratio of 1.94 and a current ratio of 1.94. National CineMedia has a 12-month low of $5.09 and a 12-month high of $12.70. The firm has a market cap of $430.49, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.67 and a beta of 0.55.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $0.68 annualized dividend and a yield of 12.45%. National CineMedia’s dividend payout ratio (DPR) is 170.00%.
In other news, major shareholder General L.P. Standard bought 888,513 shares of the stock in a transaction on Tuesday, March 20th. The stock was bought at an average cost of $5.72 per share, for a total transaction of $5,082,294.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders acquired 1,387,513 shares of company stock valued at $7,889,192. 5.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its stake in National CineMedia by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 50,503 shares of the business services provider’s stock valued at $375,000 after acquiring an additional 2,341 shares in the last quarter. Voya Investment Management LLC boosted its stake in National CineMedia by 14.2% in the second quarter. Voya Investment Management LLC now owns 33,589 shares of the business services provider’s stock valued at $249,000 after acquiring an additional 4,171 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in National CineMedia by 32.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 33,000 shares of the business services provider’s stock valued at $226,000 after acquiring an additional 8,000 shares in the last quarter. Schroder Investment Management Group boosted its stake in National CineMedia by 16.8% in the fourth quarter. Schroder Investment Management Group now owns 96,033 shares of the business services provider’s stock valued at $659,000 after acquiring an additional 13,807 shares in the last quarter. Finally, HPM Partners LLC acquired a new stake in National CineMedia in the fourth quarter valued at approximately $110,000. Institutional investors own 86.41% of the company’s stock.
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National CineMedia Company Profile
National CineMedia, Inc is a holding company that engages in the provision of advertising, business meetings, event services and third-party theatre circuits under network affiliate agreements. It owns and operates the digital in-theatre network in North America, which is used to distribute content for its advertising promotions, Fathom Events.
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