Analysts predict that National CineMedia, Inc. (NASDAQ:NCMI) will post $112.17 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for National CineMedia’s earnings. The highest sales estimate is $113.70 million and the lowest is $109.30 million. National CineMedia posted sales of $113.70 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.3%. The company is scheduled to issue its next earnings results on Monday, August 5th.
On average, analysts expect that National CineMedia will report full-year sales of $457.51 million for the current year, with estimates ranging from $451.72 million to $465.00 million. For the next financial year, analysts expect that the company will post sales of $466.25 million, with estimates ranging from $456.48 million to $470.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover National CineMedia.
National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, May 6th. The business services provider reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $76.90 million during the quarter, compared to analysts’ expectations of $82.43 million. National CineMedia had a negative return on equity of 33.32% and a net margin of 6.98%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) EPS.
A number of brokerages have recently commented on NCMI. TheStreet raised Rent-A-Center from a “c” rating to a “b-” rating in a research note on Tuesday, May 7th. ValuEngine raised XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Barrington Research reaffirmed a “market perform” rating on shares of National CineMedia in a research note on Friday, May 17th. Finally, BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $8.94.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP boosted its position in National CineMedia by 18.7% during the 4th quarter. First Trust Advisors LP now owns 112,774 shares of the business services provider’s stock worth $731,000 after acquiring an additional 17,785 shares during the last quarter. BlackRock Inc. boosted its position in National CineMedia by 2.4% during the 4th quarter. BlackRock Inc. now owns 5,271,174 shares of the business services provider’s stock worth $34,157,000 after acquiring an additional 125,168 shares during the last quarter. Citigroup Inc. boosted its position in National CineMedia by 15.7% during the 4th quarter. Citigroup Inc. now owns 34,200 shares of the business services provider’s stock worth $222,000 after acquiring an additional 4,643 shares during the last quarter. Northern Trust Corp boosted its position 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 acquiring an additional 452,207 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in National CineMedia by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,424 shares of the business services provider’s stock worth $16,915,000 after acquiring an additional 67,734 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.
Shares of NCMI stock traded down $0.10 on Friday, reaching $6.70. The company had a trading volume of 6,105 shares, compared to its average volume of 406,148. The firm has a market capitalization 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. National CineMedia has a 12 month low of $5.88 and a 12 month 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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