Wall Street analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to post $121.02 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for National CineMedia’s earnings, with the highest sales estimate coming in at $124.20 million and the lowest estimate coming in at $118.69 million. National CineMedia posted sales of $110.10 million in the same quarter last year, which suggests a positive year over year growth rate of 9.9%. The firm is scheduled to issue its next earnings report on Monday, November 4th.

According to Zacks, analysts expect that National CineMedia will report full-year sales of $456.58 million for the current financial year, with estimates ranging from $451.70 million to $465.00 million. For the next year, analysts anticipate that the company will post sales of $464.92 million, with estimates ranging from $456.58 million to $475.10 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover National CineMedia.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, August 5th. The business services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. National CineMedia had a net margin of 8.12% and a negative return on equity of 36.78%. The company had revenue of $110.20 million for the quarter, compared to analysts’ expectations of $113.07 million. During the same quarter last year, the company earned $0.05 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of National CineMedia from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Thursday, August 1st. ValuEngine cut National CineMedia from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. BidaskClub upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. Wedbush upgraded National CineMedia from a “neutral” rating to an “outperform” rating and set a $8.00 price target for the company in a research note on Wednesday, June 19th. Finally, TheStreet cut National CineMedia from a “b-” rating to a “c” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. National CineMedia presently has a consensus rating of “Hold” and an average target price of $9.17.

Shares of NCMI traded up $0.04 during trading hours on Friday, reaching $6.61. 263,560 shares of the company traded hands, compared to its average volume of 306,759. The firm has a fifty day moving average price of $6.92. The stock has a market cap of $557.55 million, a P/E ratio of 17.86 and a beta of 0.74. National CineMedia has a 12 month low of $5.88 and a 12 month high of $10.94.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.68 dividend on an annualized basis and a yield of 10.29%. National CineMedia’s dividend payout ratio (DPR) is currently 183.78%.

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in shares of National CineMedia during the 4th quarter worth about $9,716,000. Northern Trust Corp increased its holdings in National CineMedia by 42.7% during the 4th quarter. Northern Trust Corp now owns 1,510,378 shares of the business services provider’s stock worth $9,786,000 after purchasing an additional 452,207 shares in the last quarter. Martingale Asset Management L P increased its holdings in National CineMedia by 57.6% during the 1st quarter. Martingale Asset Management L P now owns 575,554 shares of the business services provider’s stock worth $4,058,000 after purchasing an additional 210,439 shares in the last quarter. Bank of America Corp DE increased its holdings in National CineMedia by 284.9% during the 4th quarter. Bank of America Corp DE now owns 185,106 shares of the business services provider’s stock worth $1,199,000 after purchasing an additional 137,008 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in National CineMedia by 19.6% during the 4th quarter. Geode Capital Management LLC now owns 783,102 shares of the business services provider’s stock worth $5,073,000 after purchasing an additional 128,577 shares in the last quarter. 90.27% of the stock is currently owned by institutional investors and hedge funds.

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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