National CineMedia, Inc. (NASDAQ:NCMI) – Equities research analysts at B. Riley upped their Q3 2017 earnings estimates for National CineMedia in a report issued on Thursday, Zacks Investment Research reports. B. Riley analyst E. Wold now expects that the business services provider will post earnings per share of $0.12 for the quarter, up from their previous estimate of $0.11. B. Riley currently has a “Hold” rating and a $9.00 target price on the stock. B. Riley also issued estimates for National CineMedia’s Q4 2017 earnings at $0.24 EPS, FY2017 earnings at $0.33 EPS, Q1 2018 earnings at ($0.03) EPS, Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.40 EPS.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Credit Suisse Group cut their price target on shares of National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, September 28th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $8.00 price target (down previously from $12.00) on shares of National CineMedia in a report on Tuesday, August 8th. Finally, Wedbush began coverage on shares of National CineMedia in a report on Wednesday, August 2nd. They issued a “neutral” rating and a $6.50 price target on the stock. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $7.90.
Shares of National CineMedia (NASDAQ NCMI) opened at $5.93 on Monday. The firm has a market cap of $446.67, a price-to-earnings ratio of 18.35, a P/E/G ratio of 2.32 and a beta of 0.65. National CineMedia has a fifty-two week low of $5.12 and a fifty-two week high of $16.05. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of -14.71.
National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $116.40 million for the quarter, compared to analysts’ expectations of $108.21 million. National CineMedia had a net margin of 4.81% and a negative return on equity of 21.45%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share.
A number of institutional investors have recently made changes to their positions in NCMI. Janus Henderson Group PLC bought a new position in National CineMedia in the 2nd quarter worth about $27,242,000. Oaktree Capital Management LP bought a new position in National CineMedia in the 3rd quarter worth about $25,301,000. Thompson Siegel & Walmsley LLC boosted its stake in National CineMedia by 238.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,707,647 shares of the business services provider’s stock worth $20,091,000 after purchasing an additional 1,907,741 shares in the last quarter. River Road Asset Management LLC bought a new position in National CineMedia in the 3rd quarter worth about $11,035,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in National CineMedia by 87.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,120,000 shares of the business services provider’s stock worth $15,730,000 after purchasing an additional 990,000 shares in the last quarter. Institutional investors own 69.51% of the company’s stock.
In related news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $6.49, for a total value of $18,172,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $6.09, for a total transaction of $73,080,000.00. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 14.84%. The ex-dividend date of this dividend is Wednesday, November 15th. National CineMedia’s dividend payout ratio (DPR) is presently 266.67%.
About National CineMedia
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.
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