National CineMedia, Inc. (NASDAQ:NCMI) to Post Q4 2022 Earnings of $0.06 Per Share, Wedbush Forecasts

National CineMedia, Inc. (NASDAQ:NCMIGet Rating) – Stock analysts at Wedbush cut their Q4 2022 earnings per share estimates for National CineMedia in a report released on Tuesday, May 10th. Wedbush analyst M. Pachter now forecasts that the business services provider will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.07. Wedbush currently has a “Outperform” rating and a $4.00 target price on the stock. Wedbush also issued estimates for National CineMedia’s Q4 2023 earnings at $0.18 EPS and FY2023 earnings at $0.11 EPS.

National CineMedia (NASDAQ:NCMIGet Rating) last announced its quarterly earnings results on Monday, May 9th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The company had revenue of $35.90 million for the quarter, compared to the consensus estimate of $33.45 million. The company’s revenue was up 564.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.25) earnings per share.

Several other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of National CineMedia from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Thursday, May 5th. StockNews.com started coverage on shares of National CineMedia in a research note on Thursday, March 31st. They set a “sell” rating for the company. Finally, B. Riley cut their price target on shares of National CineMedia from $5.00 to $4.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $4.00.

NASDAQ:NCMI opened at $1.62 on Wednesday. The company has a market cap of $132.30 million, a PE ratio of -2.66 and a beta of 1.38. National CineMedia has a one year low of $1.60 and a one year high of $5.37. The firm’s 50 day simple moving average is $2.42 and its 200 day simple moving average is $2.79.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 7th. Investors of record on Monday, May 23rd will be issued a $0.03 dividend. The ex-dividend date is Friday, May 20th. This represents a $0.12 annualized dividend and a yield of 7.41%. National CineMedia’s payout ratio is -32.79%.

In other news, CEO Thomas F. Lesinski sold 15,081 shares of National CineMedia stock in a transaction dated Monday, February 28th. The stock was 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 SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NCMI. Advisor Group Holdings Inc. increased its holdings in shares of National CineMedia by 110,702.9% in the first quarter. Advisor Group Holdings Inc. now owns 227,146 shares of the business services provider’s stock valued at $577,000 after purchasing an additional 226,941 shares during the period. Formidable Asset Management LLC lifted its position in National CineMedia by 9.8% during the first quarter. Formidable Asset Management LLC now owns 254,545 shares of the business services provider’s stock worth $647,000 after buying an additional 22,720 shares in the last quarter. Zazove Associates LLC purchased a new position in National CineMedia during the first quarter worth approximately $269,000. Brookstone Capital Management increased its stake in National CineMedia by 30.7% during the first quarter. Brookstone Capital Management now owns 378,829 shares of the business services provider’s stock worth $886,000 after acquiring an additional 88,889 shares during the last quarter. Finally, Barclays PLC increased its stake in National CineMedia by 78.3% during the fourth quarter. Barclays PLC now owns 105,829 shares of the business services provider’s stock worth $297,000 after acquiring an additional 46,490 shares during the last quarter.

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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