National CineMedia, Inc. to Post Q1 2023 Earnings of ($0.07) Per Share, Wedbush Forecasts (NASDAQ:NCMI)

National CineMedia, Inc. (NASDAQ:NCMIGet Rating) – Analysts at Wedbush issued their Q1 2023 earnings per share estimates for National CineMedia in a report released on Thursday, May 5th. Wedbush analyst M. Pachter expects that the business services provider will earn ($0.07) per share for the quarter. Wedbush also issued estimates for National CineMedia’s Q2 2023 earnings at $0.06 EPS and Q3 2023 earnings at $0.06 EPS.

Several other analysts also recently weighed in on NCMI. Zacks Investment Research upgraded National CineMedia from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a report on Thursday. B. Riley lowered their price target on shares of National CineMedia from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, April 13th. Finally, StockNews.com assumed coverage on shares of National CineMedia in a report on Thursday, March 31st. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, National CineMedia currently has a consensus rating of “Buy” and an average price target of $4.50.

Shares of NASDAQ NCMI opened at $2.08 on Monday. National CineMedia has a twelve month low of $2.06 and a twelve month high of $5.37. The firm has a market cap of $169.87 million, a PE ratio of -3.41 and a beta of 1.38. The business has a fifty day simple moving average of $2.46 and a two-hundred day simple moving average of $2.81.

National CineMedia (NASDAQ:NCMIGet Rating) last issued its earnings results on Thursday, March 3rd. The business services provider reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The business had revenue of $63.50 million for the quarter, compared to analyst estimates of $64.68 million. National CineMedia’s quarterly revenue was up 304.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.62) EPS.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date of this dividend was Wednesday, March 16th. National CineMedia’s payout ratio is currently -32.79%.

In related news, CEO Thomas F. Lesinski sold 15,081 shares of the stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $2.97, for a total transaction of $44,790.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors Inc. grew its stake in shares of National CineMedia by 7.8% during the third quarter. Wasatch Advisors Inc. now owns 6,665,068 shares of the business services provider’s stock worth $23,728,000 after acquiring an additional 484,372 shares during the last quarter. RFG Advisory LLC increased its stake in National CineMedia by 64.3% during the 4th quarter. RFG Advisory LLC now owns 192,321 shares of the business services provider’s stock valued at $540,000 after purchasing an additional 75,262 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of National CineMedia by 41.2% in the fourth quarter. Brookstone Capital Management now owns 289,940 shares of the business services provider’s stock worth $821,000 after buying an additional 84,532 shares during the last quarter. Barclays PLC lifted its stake in shares of National CineMedia by 49.5% during the third quarter. Barclays PLC now owns 59,339 shares of the business services provider’s stock worth $210,000 after buying an additional 19,639 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of National CineMedia during the third quarter valued at $164,000.

About National CineMedia (Get Rating)

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It 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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