National CineMedia, Inc. (NASDAQ:NCMI) has earned an average rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $9.75.
Several research analysts have recently issued reports on the company. Barrington Research raised National CineMedia from a “market perform” rating to an “outperform” rating and set a $9.50 price objective for the company in a research report on Thursday, November 7th. ValuEngine downgraded National CineMedia from a “hold” rating to a “sell” rating in a report on Monday, November 4th. BidaskClub lowered National CineMedia from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Benchmark boosted their target price on National CineMedia from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, B. Riley downgraded National CineMedia from a “buy” rating to a “neutral” rating and lowered their price target for the company from $9.75 to $8.50 in a report on Tuesday, November 5th.
Shares of NCMI opened at $6.47 on Tuesday. National CineMedia has a twelve month low of $5.64 and a twelve month high of $8.93. The firm’s fifty day simple moving average is $7.64 and its 200-day simple moving average is $7.37. The firm has a market capitalization of $531.71 million, a price-to-earnings ratio of 17.49 and a beta of 0.66.
National CineMedia (NASDAQ:NCMI) last posted its earnings results on Monday, November 4th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). National CineMedia had a net margin of 7.66% and a negative return on equity of 32.44%. The business had revenue of $110.50 million during the quarter, compared to analysts’ expectations of $118.75 million. During the same period last year, the company earned $0.14 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts expect that National CineMedia will post 0.43 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 10.51%. The ex-dividend date was Wednesday, November 13th. National CineMedia’s dividend payout ratio (DPR) is 183.78%.
Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new position in National CineMedia in the second quarter valued at $32,000. Chicago Equity Partners LLC acquired a new stake in shares of National CineMedia during the second quarter worth about $70,000. Bank of Montreal Can increased its position in shares of National CineMedia by 98.7% during the second quarter. Bank of Montreal Can now owns 10,883 shares of the business services provider’s stock worth $72,000 after purchasing an additional 5,406 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of National CineMedia during the third quarter worth about $109,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of National CineMedia in the 3rd quarter valued at about $141,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.
About National CineMedia
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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