$0.10 EPS Expected for National CineMedia, Inc. (NASDAQ:NCMI) This Quarter

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Wall Street analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to post earnings of $0.10 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for National CineMedia’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.08. National CineMedia posted earnings per share of $0.05 in the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The company is scheduled to announce its next quarterly earnings results on Monday, August 5th.

On average, analysts expect that National CineMedia will report full year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.37 to $0.52. For the next fiscal year, analysts anticipate that the business will report earnings of $0.46 per share, with EPS estimates ranging from $0.38 to $0.52. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover National CineMedia.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Monday, May 6th. The business services provider reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. National CineMedia had a net margin of 6.98% and a negative return on equity of 33.32%. The firm had revenue of $76.90 million during the quarter, compared to analysts’ expectations of $82.43 million. During the same period in the previous year, the company earned ($0.03) earnings per share. National CineMedia’s quarterly revenue was down 4.1% compared to the same quarter last year.

A number of equities research analysts have recently commented on the stock. Barrington Research reaffirmed a “market perform” rating on shares of National CineMedia in a report on Friday, May 17th. BidaskClub raised shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. ValuEngine raised shares of XOMA from a “sell” rating to a “hold” rating in a report on Friday, May 24th. Wedbush reaffirmed a “buy” rating and issued a $38.00 target price on shares of Obseva in a report on Wednesday, June 19th. Finally, TheStreet upgraded shares of Rent-A-Center from a “c” rating to a “b-” rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.94.

NCMI traded down $0.10 on Wednesday, reaching $6.70. The company had a trading volume of 6,105 shares, compared to its average volume of 406,148. National CineMedia has a 1 year low of $5.88 and a 1 year high of $10.94. The company has a market cap of $537.00 million, a PE ratio of 18.00 and a beta of 0.76. The stock’s 50-day simple moving average is $6.66.

Several institutional investors have recently modified their holdings of NCMI. Norges Bank acquired a new position in National CineMedia during the fourth quarter worth about $9,716,000. Northern Trust Corp grew its position in shares of National CineMedia by 42.7% in the fourth quarter. Northern Trust Corp now owns 1,510,378 shares of the business services provider’s stock valued at $9,786,000 after purchasing an additional 452,207 shares during the last quarter. Martingale Asset Management L P grew its position in shares of National CineMedia by 57.6% in the first quarter. Martingale Asset Management L P now owns 575,554 shares of the business services provider’s stock valued at $4,058,000 after purchasing an additional 210,439 shares during the last quarter. Bank of America Corp DE grew its position in shares of National CineMedia by 284.9% in the fourth quarter. Bank of America Corp DE now owns 185,106 shares of the business services provider’s stock valued at $1,199,000 after purchasing an additional 137,008 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of National CineMedia by 19.6% in the fourth quarter. Geode Capital Management LLC now owns 783,102 shares of the business services provider’s stock valued at $5,073,000 after purchasing an additional 128,577 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

National CineMedia Company Profile

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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Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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