Equities research analysts expect that National CineMedia, Inc. (NASDAQ:NCMI) will report $4.30 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for National CineMedia’s earnings, with the highest sales estimate coming in at $5.50 million and the lowest estimate coming in at $3.40 million. National CineMedia posted sales of $110.20 million in the same quarter last year, which suggests a negative year-over-year growth rate of 96.1%. The business is expected to issue its next quarterly earnings results on Monday, August 3rd.

On average, analysts expect that National CineMedia will report full-year sales of $207.66 million for the current fiscal year, with estimates ranging from $154.00 million to $280.00 million. For the next year, analysts anticipate that the firm will post sales of $353.07 million, with estimates ranging from $257.18 million to $453.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for National CineMedia.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Tuesday, May 5th. The business services provider reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). National CineMedia had a net margin of 7.74% and a negative return on equity of 27.33%. The business had revenue of $64.70 million for the quarter, compared to analysts’ expectations of $64.23 million. During the same period last year, the business earned ($0.01) earnings per share. The company’s quarterly revenue was down 15.9% on a year-over-year basis.

A number of research analysts have weighed in on the company. Wedbush lowered their target price on National CineMedia from $10.00 to $4.50 and set an “outperform” rating on the stock in a report on Monday, May 4th. B. Riley reaffirmed a “buy” rating and issued a $6.00 price objective on shares of National CineMedia in a research note on Thursday, June 18th. BidaskClub downgraded National CineMedia from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 14th. Barrington Research reaffirmed a “hold” rating on shares of National CineMedia in a research note on Monday, May 18th. Finally, ValuEngine raised National CineMedia from a “sell” rating to a “hold” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. National CineMedia currently has an average rating of “Hold” and an average price target of $7.46.

NCMI stock traded down $0.03 during trading on Thursday, reaching $2.96. The stock had a trading volume of 805,000 shares, compared to its average volume of 928,102. National CineMedia has a 52 week low of $1.62 and a 52 week high of $9.85. The stock’s 50 day moving average is $3.03 and its two-hundred day moving average is $5.08. The firm has a market cap of $238.08 million, a PE ratio of 7.07 and a beta of 1.02.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 9.46%. The ex-dividend date was Friday, May 15th. National CineMedia’s dividend payout ratio (DPR) is presently 59.57%.

In other National CineMedia news, major shareholder General L.P. Standard bought 589,475 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were bought at an average price of $2.76 per share, with a total value of $1,626,951.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased a total of 1,543,142 shares of company stock worth $4,040,890 in the last three months. 4.00% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tudor Investment Corp Et Al purchased a new position in National CineMedia during the 1st quarter valued at $99,000. Citigroup Inc. raised its position in National CineMedia by 29.4% during the 1st quarter. Citigroup Inc. now owns 20,661 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 4,690 shares in the last quarter. BlackRock Inc. raised its position in National CineMedia by 0.6% during the 1st quarter. BlackRock Inc. now owns 4,657,058 shares of the business services provider’s stock valued at $15,183,000 after purchasing an additional 28,827 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in National CineMedia during the 4th quarter valued at $78,000. Finally, WINTON GROUP Ltd raised its position in National CineMedia by 28.1% during the 1st quarter. WINTON GROUP Ltd now owns 193,595 shares of the business services provider’s stock valued at $631,000 after purchasing an additional 42,498 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

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

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