National CineMedia (NASDAQ:NCMI) – B. Riley boosted their Q1 2018 EPS estimates for shares of National CineMedia in a report issued on Tuesday, March 13th, Zacks Investment Research reports. B. Riley analyst E. Wold now anticipates that the business services provider will post earnings per share of ($0.03) for the quarter, up from their previous forecast of ($0.04). B. Riley currently has a “Buy” rating and a $7.00 price objective on the stock. B. Riley also issued estimates for National CineMedia’s Q1 2019 earnings at ($0.03) EPS and Q2 2019 earnings at $0.05 EPS.
A number of other equities analysts have also recently commented on NCMI. ValuEngine cut National CineMedia from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. BidaskClub cut National CineMedia from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research raised National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, March 16th. Barrington Research reissued a “hold” rating on shares of National CineMedia in a report on Monday, March 19th. Finally, Benchmark restated a “buy” rating and set a $10.00 price objective (down previously from $12.00) on shares of National CineMedia in a research report on Tuesday, March 13th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.92.
Shares of National CineMedia stock traded up $0.02 during trading on Thursday, reaching $5.46. 596,172 shares of the company’s stock 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 1-year low of $5.09 and a 1-year high of $12.70. The stock has a market capitalization of $432.08, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 1.67 and a beta of 0.55.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Monday, March 12th. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. National CineMedia had a negative return on equity of 55.42% and a net margin of 0.12%. The company had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $144.48 million. During the same quarter in the previous year, the firm earned $0.24 EPS. National CineMedia’s revenue was down 1.3% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Skylands Capital LLC grew its position in shares of National CineMedia by 11.9% in the 4th quarter. Skylands Capital LLC now owns 908,850 shares of the business services provider’s stock valued at $6,235,000 after buying an additional 96,700 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of National CineMedia in the 4th quarter valued at about $214,000. Gabelli Funds LLC grew its position in shares of National CineMedia by 175.0% in the 4th quarter. Gabelli Funds LLC now owns 104,500 shares of the business services provider’s stock valued at $717,000 after buying an additional 66,500 shares during the last quarter. Western Standard LLC grew its position in shares of National CineMedia by 375.6% in the 3rd quarter. Western Standard LLC now owns 879,346 shares of the business services provider’s stock valued at $6,138,000 after buying an additional 694,446 shares during the last quarter. Finally, TCW Group Inc. bought a new stake in shares of National CineMedia in the 4th quarter valued at about $305,000. Hedge funds and other institutional investors own 86.41% of the company’s stock.
In other news, major shareholder General L.P. Standard acquired 249,400 shares of National CineMedia stock in a transaction that occurred on Thursday, March 22nd. The shares were acquired at an average price of $5.51 per share, for a total transaction of $1,374,194.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 1,387,513 shares of company stock worth $7,889,192 in the last 90 days. 5.40% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 22nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $0.68 dividend on an annualized basis and a yield of 12.45%. National CineMedia’s dividend payout ratio is currently 170.00%.
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About National CineMedia
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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