National CineMedia, Inc. (NASDAQ:NCMI) shares gapped down before the market opened on Tuesday after Benchmark lowered their price target on the stock from $12.00 to $10.00. The stock had previously closed at $7.40, but opened at $6.81. Benchmark currently has a buy rating on the stock. National CineMedia shares last traded at $6.24, with a volume of 3207442 shares.
Several other brokerages have also recently weighed in on NCMI. Zacks Investment Research cut National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BidaskClub upgraded National CineMedia from a “hold” rating to a “buy” rating in a report on Monday, February 5th. B. Riley cut National CineMedia to a “hold” rating and set a $8.75 target price on the stock. in a report on Monday, January 29th. Finally, ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.21.
In other news, major shareholder General L.P. Standard purchased 15,000 shares of National CineMedia stock in a transaction dated Friday, December 22nd. The shares were purchased at an average price of $6.94 per share, with a total value of $104,100.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.40% of the stock is currently owned by insiders.
The company has a market capitalization of $489.85, a PE ratio of 17.33, a PEG ratio of 2.13 and a beta of 0.36. The company has a debt-to-equity ratio of -14.71, a quick ratio of 1.76 and a current ratio of 1.76.
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 analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $140.70 million for the quarter, compared to analyst estimates of $144.48 million. National CineMedia had a negative return on equity of 21.45% and a net margin of 4.81%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 earnings per share. research analysts forecast that National CineMedia, Inc. will post 0.3 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 10.90%. The ex-dividend date is Wednesday, March 21st. National CineMedia’s payout ratio is 244.44%.
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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