National CineMedia (NASDAQ:NCMI) announced its quarterly earnings results on Monday. The business services provider reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01, MarketWatch Earnings reports. National CineMedia had a negative return on equity of 50.95% and a net margin of 1.40%. The company had revenue of $110.10 million during the quarter, compared to the consensus estimate of $117.48 million. During the same period in the previous year, the company posted $0.21 earnings per share. National CineMedia’s revenue for the quarter was down 5.4% on a year-over-year basis. National CineMedia updated its FY 2018 guidance to EPS.
Shares of NCMI stock traded down $0.60 during trading hours on Tuesday, hitting $7.43. 46,823 shares of the company’s stock were exchanged, compared to its average volume of 382,838. The company has a market cap of $680.15 million, a price-to-earnings ratio of 18.65 and a beta of 0.83. National CineMedia has a fifty-two week low of $5.09 and a fifty-two week high of $10.94.
A number of research analysts have issued reports on the company. B. Riley boosted their price target on National CineMedia from $9.50 to $10.50 and gave the company a “buy” rating in a report on Tuesday, August 7th. BidaskClub raised National CineMedia from a “buy” rating to a “strong-buy” rating in a report on Friday, August 17th. Zacks Investment Research raised National CineMedia from a “hold” rating to a “strong-buy” rating and set a $9.50 price target for the company in a report on Thursday, July 26th. MKM Partners boosted their price target on National CineMedia to $9.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Finally, ValuEngine downgraded National CineMedia from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $9.30.
In other news, President Clifford E. Marks sold 30,237 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $10.00, for a total transaction of $302,370.00. Following the completion of the transaction, the president now directly owns 526,868 shares of the company’s stock, valued at approximately $5,268,680. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder General L.P. Standard bought 46,439 shares of National CineMedia stock in a transaction dated Thursday, August 9th. The shares were acquired at an average cost of $8.55 per share, with a total value of $397,053.45. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.
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About National CineMedia
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.
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