$68.79 Million in Sales Expected for National CineMedia, Inc. (NASDAQ:NCMI) This Quarter

Equities research analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to report sales of $68.79 million for the current quarter, according to Zacks. Four analysts have provided estimates for National CineMedia’s earnings, with the lowest sales estimate coming in at $65.40 million and the highest estimate coming in at $74.30 million. National CineMedia reported sales of $15.70 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 338.2%. The company is scheduled to issue its next quarterly earnings report on Monday, March 14th.

On average, analysts expect that National CineMedia will report full year sales of $119.11 million for the current year, with estimates ranging from $115.50 million to $125.40 million. For the next fiscal year, analysts forecast that the business will post sales of $337.37 million, with estimates ranging from $316.77 million to $369.50 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover National CineMedia.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, November 8th. The business services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.06). The firm had revenue of $31.70 million during the quarter, compared to analysts’ expectations of $41.24 million. National CineMedia’s revenue was up 428.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.16) earnings per share.

NCMI has been the topic of a number of research analyst reports. Barrington Research reaffirmed a “buy” rating and issued a $5.50 price target on shares of National CineMedia in a research note on Tuesday, August 10th. B. Riley lowered their price objective on National CineMedia from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, November 9th. Wedbush raised National CineMedia from a “neutral” rating to an “outperform” rating and set a $5.00 price objective on the stock in a research note on Thursday, November 4th. Finally, Zacks Investment Research raised National CineMedia from a “sell” rating to a “hold” rating in a research note on Tuesday, November 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $5.63.

Shares of NASDAQ:NCMI remained flat at $$3.15 during trading on Thursday. The stock had a trading volume of 233,158 shares, compared to its average volume of 704,798. The stock has a fifty day moving average of $3.46 and a two-hundred day moving average of $3.74. The company has a market cap of $253.72 million, a PE ratio of -2.69 and a beta of 1.48. National CineMedia has a 12-month low of $2.41 and a 12-month high of $6.11.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 7th. Shareholders of record on Monday, November 22nd will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 19th. This represents a $0.20 dividend on an annualized basis and a yield of 6.35%. National CineMedia’s dividend payout ratio is currently -17.09%.

In other National CineMedia news, insider Scott D. Felenstein sold 12,500 shares of National CineMedia stock in a transaction on Monday, September 20th. The stock was sold at an average price of $2.79, for a total value of $34,875.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.10% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of NCMI. Citigroup Inc. raised its holdings in shares of National CineMedia by 81.0% in the 3rd quarter. Citigroup Inc. now owns 6,924 shares of the business services provider’s stock valued at $25,000 after buying an additional 3,099 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of National CineMedia by 363.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,562 shares of the business services provider’s stock valued at $38,000 after buying an additional 8,281 shares during the period. Ellevest Inc. raised its holdings in shares of National CineMedia by 699.0% in the 3rd quarter. Ellevest Inc. now owns 14,191 shares of the business services provider’s stock valued at $51,000 after buying an additional 12,415 shares during the period. Centaurus Financial Inc. raised its holdings in shares of National CineMedia by 38.4% in the 3rd quarter. Centaurus Financial Inc. now owns 18,875 shares of the business services provider’s stock valued at $67,000 after buying an additional 5,234 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of National CineMedia in the 3rd quarter valued at $70,000. Hedge funds and other institutional investors own 68.02% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc is a holding company. It engages in the provision of advertising, business meetings, event services, and third-party theatre circuits under network affiliate agreements. The firm owns and operates the digital in-theatre network, which is used to distribute content for its advertising promotions, Fathom Events.

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

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