Analysts forecast that National CineMedia, Inc. (NASDAQ:NCMI) will report sales of $83.33 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for National CineMedia’s earnings, with estimates ranging from $79.50 million to $86.80 million. National CineMedia posted sales of $80.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.9%. The firm is scheduled to report its next earnings report on Monday, May 6th.

On average, analysts expect that National CineMedia will report full year sales of $456.47 million for the current fiscal year, with estimates ranging from $451.77 million to $460.00 million. For the next fiscal year, analysts expect that the firm will report sales of $466.41 million, with estimates ranging from $456.45 million to $475.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover National CineMedia.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Thursday, February 21st. The business services provider reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $137.40 million for the quarter, compared to analyst estimates of $139.48 million. National CineMedia had a negative return on equity of 34.20% and a net margin of 6.75%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS.

A number of research firms have issued reports on NCMI. Zacks Investment Research lowered National CineMedia from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. ValuEngine raised National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, January 4th. BidaskClub raised National CineMedia from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. Barrington Research reaffirmed a “hold” rating on shares of National CineMedia in a report on Friday, March 1st. Finally, TheStreet raised National CineMedia from a “c” rating to a “b-” rating in a report on Friday, March 15th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $10.50.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its position in shares of National CineMedia by 41.9% in the 4th quarter. Bank of Montreal Can now owns 5,388 shares of the business services provider’s stock worth $35,000 after acquiring an additional 1,590 shares during the period. FNY Investment Advisers LLC lifted its position in shares of National CineMedia by 255.8% in the 4th quarter. FNY Investment Advisers LLC now owns 5,971 shares of the business services provider’s stock worth $38,000 after acquiring an additional 4,293 shares during the period. Federated Investors Inc. PA lifted its position in shares of National CineMedia by 31.2% in the 3rd quarter. Federated Investors Inc. PA now owns 9,372 shares of the business services provider’s stock worth $99,000 after acquiring an additional 2,226 shares during the period. SG Americas Securities LLC bought a new stake in shares of National CineMedia in the 4th quarter worth approximately $65,000. Finally, Jane Street Group LLC bought a new stake in shares of National CineMedia in the 3rd quarter worth approximately $123,000. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ NCMI traded down $0.02 during mid-day trading on Thursday, reaching $7.28. 219,321 shares of the company traded hands, compared to its average volume of 292,963. The firm has a market cap of $575.63 million, a price-to-earnings ratio of 19.73 and a beta of 0.86. National CineMedia has a fifty-two week low of $5.46 and a fifty-two week high of $10.94.

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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